Shares of UBS (NYSE:UBS) popped nearly 2% after CEO Oswald Gruebel resigned over the weekend due to the recent $2.3 billion rogue trader scandal. Sergio Ermotti will be his replacement. Keep your eye on European banks this morning: Deutsche Bank (NYSE:DB), Barclays (NYSE:BCS), Royal Bank of Scotland (NYSE:RBS), Lloyd’s (NYSE:LYG), and Credit Suisse (NYSE:CS).
McGraw-Hill (NYSE:MHP) is trading higher despite the company disclosing that the SEC is weighing action against its Standard & Poor’s credit rating unit tied to its ratings for a collateralized debt obligation dating back to the financial crisis. The company also competes with Moody’s Corporation (NYSE:MCO).
Boeing Company (NYSE:BA) is set to take flight with its highly awaited 787 Dreamliner. Japanese airline company, All Nippon Airways, took contractual delivery Sunday of the first Dreamliner. Shares are flying 2% higher in pre-market trading.