9 Buzzing Movers: Apple Breaks $500, Chesapeake Jumps 2.5% and Banks Rebound on Greek Deal

Shares of Apple Inc. (NASDAQ:AAPL) climbed more than 1 percent in early Monday trading.  The tech giant launched a new lawsuit against Samsung Electronics, increasing the number of devices that Apple claims infringes on its products.  The suit takes aim at smartphones such as Samsung’s Galaxy S II Skyrocket, which uses Google’s (NASDAQ:GOOG) Android OS.

Microsoft Corp. (NASDAQ:MSFT) and General Electric Co. (NYSE:GE) shares edged higher after announcing new developments for their 50-50 joint venture.  The two will be launching a new company called Caradigm, which will aim to revolutionize delivery of care by allowing health systems to use real-time intelligence.

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Shares of Complete Genomics Inc. (NASDAQ:GNOM) shares surged more than 25 percent before the opening bell.  The genetic company announced it received a contract to provide whole-genome sequencing for the Mayo Clinic.

Chesapeake Energy Corp. (NYSE:CHK) shares jumped 2.5 percent this morning.  The natural gas company said it plans to make $10 billion to $12 billion of transactions to fund its capital expenditures this year.

Major banks such as Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS) and J.P. Morgan (NYSE:JPM) climbed higher as Greek parliament approved a package of austerity reforms on Sunday, clearing the first hurdle it must overcome to receive another bailout.

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To contact the reporter on this story: Eric McWhinnie at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com