1. HP board rejects Xerox takeover offer
HP said Sunday that its board of directors unanimously rejected smaller printing rival Xerox's bid to acquire the computer and printer maker. HP said in a statement that its board "considered the highly conditional and uncertain nature of the proposal" and concluded that the deal would create a combined company too laden with debt. HP also said the offer "significantly undervalues HP" so it was not in shareholders' best interest, although the board said it might consider a merger with Xerox later. Xerox said in its offer letter that the industry is "overdue for consolidation and that those who move first will have a distinct advantage." Activist investor Carl Icahn owns 10.6 percent of Xerox and recently invested $1.2 billion in HP, pushing for a merger to save money for both companies.
2. Ford unveils all-electric Mustang Mach-E
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3. Trump reportedly backtracks on banning kid-friendly flavored e-cigarettes
4. U.S. stock futures rise as focus remains on U.S.-China trade
5. Ford v. Ferrari leads the domestic box office
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