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Monday's most followed in U.S. including Blackberry, Wi-Lan, Blackstone, Bristol-Myers, Allegheny, Boise, Boeing, Sears

Monday's most followed in U.S. including Blackberry, Wi-Lan, Blackstone, Bristol-Myers, Allegheny, Boise, Boeing, Sears 16th Sep 2013, 10:51 am by Mourad Haroutunian Packaging Corp. of America (NYSE:PKG), the fourth-largest U.S. producer of corrugated shipping boxes, jumped 10.4 percent to $60.19 after it agreed to buy Boise Inc. (NYSE:BZ) for about $1.27 billion.

timberland U.S. shares advanced after Lawrence Summers withdrew his bid to be the next Federal Reserve chairman and Washington and Moscow agreed on a plan to remove Syria's chemical weapons. The 30-member Dow Jones Industrial Average (INDEXDJX:.DJI) added 1 percent and the tech-heavy Nasdaq Composite index (INDEXNASDAQ:.IXIC) tacked on 0.3 percent at 10:44 a.m. in New York. Most followed shares included Blackberry , Wi-LAN , Blackstone, Bristol-Myers Squibb, Allegheny Technologies , Packaging Corp. of America, Boeing and Sears Holdings.

timberland fashion boots In technology shares, Blackberry Ltd. (NASDAQ:BBRY), the one-time pioneer in the smartphone arena, edged up 1.4 percent to $10.43 after Reuters reported the company could be sold in pieces. Private equity firms are mostly interested in businesses such as Blackberry 's operating system and the patents around its keyboard, the news agency said, citing two sources familiar with the situation. 

timberland boots kids In communications stocks, Wi-LAN Inc. (NASDAQ:WILN), the Canadian technology licensing firm, surged 10 percent to $3.69 after saying it entered a patent licensing agreement and settled all pending patent litigation with Alcatel-Lucent ( NYSE:ALU ). Under a separate patent deal between the two parties, Ottawa, Ontario-based Wi-LAN will acquire from Alcatel-Lucent a portfolio of patents and pending applications related to current and next-generation wireless technology. 

timberland boot outlet World Wrestling Entertainment, Inc.(NYSE:WWE), the producer of professional wrestling events, fell 1.7 percent to $9.99 after cutting its earnings outlook for 2013, on slower sales and higher costs. 

discount timberland boots In fianncials, Blackstone Group L.P. ( NYSE:BX ), the private-equity firm that has spent $5 billion on more than 30,000 distressed houses, added 2.8 percent to $23.47 after Bank of America /Merrill Lynch upgraded Blackstone to "buy" from "neutral". 

timberland boots Allegheny Technologies Inc. ( NYSE:ATI ), the insurer that bought Transatlantic Holdings Inc., soared 10.3 percent to $31.59. The Pittsburgh, Pennsylvania-based company agreed to sell its tungsten materials business to fellow metal processor Kennametal Inc . for $605 million, giving Kennametal expanded material and tooling technologies. The tungsten business produces tungsten powder, tungsten heavy alloys, tungsten carbide materials and carbide cutting tools.

In other stocks, Bristol-Myers Squibb Co. ( NYSE:BMY ), a New York-based drug company, climbed 3.2 percent to $44.95 after JPMorgan Chase & Co . advised investors to buy the shares.  JPMorgan boosted its recommendation for the shares to "overweight", a rating similar to buy, from "neutral". JPMorgan analysts expect earnings of the maker of the Eliquis blood thinner and the Bydureon diabetes treatment to grow by an average 13 percent through 2020, driven by its forthcoming products. The stock had rallied approximately 34 percent this year through Sept. 13. 

Packaging Corp. of America (NYSE:PKG), the fourth-largest U.S. producer of corrugated shipping boxes, jumped 10.4 percent to $60.19 after it agreed to buy Boise Inc. ( NYSE:BZ ) for about $1.27 billion. Lake Forest, Illinois-based Packaging agreed to pay $12.55 for each Boise share, 26 percent more than Boise ’s Sept. 13 closing prices. The deal includes $714 million in debt. Boise also makes newsprint and office paper and owns mills, production facilities and distribution centers in North America and Europe. Shares of Boise leaped 26 percent to $12.56. 

Boeing Co. ( NYSE:BA ), an aerospace company, advanced 3.1 percent to a new record high of $114.73. Sterne Agee analyst Peter Arment said the Chicago, Illinois-based company is a “must-own stock” among large industrials and upped his price target to $164 from $120. 

Sears Holdings Corp.( NASDAQ:SHLD ), the retailer controlled by Edward Lampert, fluctuated between gains and losses. It said it plans to obtain a senior secured term-loan facility of up to $1 billion and will use proceeds to reduce borrowings. The Hoffman Estates, Illinois-based company added that the incremental term loan would be issued under its existing credit agreement, which currently provides for an approximate $3.28 billion asset-based revolving credit facility. The shares gained 46 percent this year before today.