AP NEWS

General Electric, Alphabet and Micron Technology surge

May 21, 2018

NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:

General Electric Co., up 29 cents to $15.26

The conglomerate will get $2.9 billion as it combines its train engine business with Westinghouse Air Brake Technologies.

LaSalle Hotel Properties, up $1.71 to $33.61

The real estate investment trust agreed to be bought by investment firm Blackstone for $3.7 billion.

MB Financial Inc., up $5.63 to $49.28

The bank accepted an offer from Fifth Third Bancorp worth $4.7 billion.

Micron Technology Inc., up $2.09 to $55.48

The chipmaker raised its profit and sales forecasts for the fiscal third quarter.

Roper Technologies Inc., up $5.74 to $281.21

Industrial companies climbed Monday after the U.S. and China said they had made progress in resolving their trade dispute.

Alphabet Inc., up $14.37 to $1,084.01

Technology companies also got a lift from the easing of trade tensions and fared better than the rest of the market.

United States Steel Corp., down $1.40 to $35.06

Steel producers traded lower after the U.S. said it’s delaying its proposed tariffs on Chinese goods including steel.

Exxon Mobil Corp., up 98 cents to $82.28

Energy companies advanced as benchmark U.S. crude oil rose 1.3 percent