Caterpillar’s Accounting Scandal and Apple’s Next iPhone: Morning Buzzers

The U.S. equity markets are closed on Monday in honor of Martin Luther King, Jr. Day. Investors are free to take a break, come up for air, and look ahead to this week’s battery of big earnings reports.

The markets were mixed in Asia overnight, as the Nikkei fell 1.5 percent ahead of a two-day policy meeting at the Bank of Japan regarding the country’s proposed 10.3 trillion yen ($115 billion) stimulus package. The Hang Seng was off fractionally and the S&P/ASX 200 rose about 0.13 percent. In Europe at mid-day, the Stoxx 50, FTSE 100, and DAX were about 0.35 percent higher.

Here’s who is making waves on this quiet Monday:Boeing

Boeing (NYSE:BA) won’t fall off the front page until battery and electrical system issues with its 787 Dreamliner are resolved. Investigators and engineers have examined every nook and cranny of the aircraft after fleets around the globe were grounded last week, and it seems like the fundamental issue is with a lithium-ion battery made by Yuasa Corp. of Japan, and/or the battery’s control system, made by Thales of France. The auxilary power unit that houses the battery is produced by United Technologies Corp (NYSE:UTX). All three companies are reportedly cooperating with the investigations.

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Nokia Siemens Networks — the multinational networking and telecom equipment joint venture owned by Nokia (NYSE:NOK) and Siemens (NYSE:SI) — is reportedly seeking as much as 700 million euros ($930 million) from the public markets in a Spring-time high-yield bond offering. The company has struggled in past years to maintain its competitive edge against giants like Huawei and ZTE, but consensus is that Nokia Siemens has strengthened its position recently and now looks like “an attractive proposition,” according to some reports.