The markets were in negative territory today as investors appeared to be taking a break after last week's rally.
Tech giant Apple (NASDAQ:AAPL) set record sales of the iPhone 5 over the weekend, sending shares higher today and prompting BMO to raise its price target to $750.
Diagnostics company IRIS International (IRIS) announced it would be acquired by Danaher (NYSE:DHR) for $355 million.
Also on the M&A front, Waste Connections (NYSE:WCN) said it will buy R360 Environmental Solutions in a deal worth about $1.3 billion.
Shares of Waste Connections are trading higher on the news.
Tyco International (NYSE:TYC) announced today that shareholders have approved a three-way spin off, which the company says would provide more opportunities for growth.
Tomorrow, we'll take a look at the housing market index as well as earnings from FedEx (NYSE:FDX)
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