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Strong push for self-driving cars  

German carmakers BMW, Audi, and Mercedes buy Nokia maps to fend off digital rivals.
Source: CNBC.com
Early movers: GS, PRE, SHLD, HZNP, TSN, T & more

These are the stocks posting the largest moves before the bell.
Source: CNBC.com | By: Peter Schacknow
UPDATE 2-German carmakers buy Nokia maps to fend off digital rivals

*Audi, BMW, Mercedes to buy Nokia's HERE. FRANKFURT/ HELSINKI, Aug 3- German carmakers BMW, Audi and Mercedes, will pay around 2.5 billion euros to buy Nokia's maps business, a transformational deal that will help them to develop self-driving cars. Daimler BMW and Audi will each hold an equal stake in the business, known as HERE, keeping it from falling into the hands of a...
Source: Reuters | By: Edward Taylor and Eric Auchard
German automakers buying Nokia's HERE map business

BERLIN- A consortium of German automakers Audi, BMW and Daimler announced Monday it is buying Nokia Corp.' s HERE map business in a deal that values the unit at 2.8 billion euros and secures their access to technology that could eventually be used for driverless cars. Nokia, based in Finland, has refocused its business on producing equipment for wireless networks...
Source: The Associated Press | By: By The Associated Press
Nokia sells HERE maps unit for $3 billion

A consortium of German premium carmakers has agreed to buy Nokia's mapping business HERE for an enterprise value of $3.07 billion.
Source: Reuters
INSIGHT-Apple, BMW in courtship with an eye on car collaboration

FRANKFURT/ SAN FRANCISCO, July 31- BMW and Apple may rekindle a courtship put on hold after an exploratory visit by executives of the world's top maker of electronic gadgets to the headquarters of the word's biggest seller of premium cars. Apple Chief Executive Tim Cook went to BMW's headquarters last year and senior Apple executives toured the carmaker's...
Source: Reuters | By: Edward Taylor and Julia Love
Business events scheduled for the coming month

WASHINGTON- Commerce Department releases personal income and spending for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON- Commerce Department releases factory orders for June, 10 a.m.. WASHINGTON- Commerce Department...
Source: The Associated Press | By: By The Associated Press
Western companies look hard at China as growth slows

*China equities rout dashes hopes of return to growth. Double digit growth rates during the first decade of the millennium lured scores of Western companies to invest heavily in China. Currently, in China we had negative order intake, "said Frans van Houten, chief executive of Dutch electronics group Philips NV, on a call with analysts on Monday.
Source: Reuters | By: Tom Bergin
Business events scheduled for the coming week

WASHINGTON- Commerce Department releases personal income and spending data for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON- Commerce Department releases international trade data for June, 8:30 a.m.; Institute for Supply...
Source: The Associated Press | By: By The Associated Press
CNBC update: BMW mini recall  

New England Patriots owner Robert Kraft says he was wrong to trust the NFL; Amazon has a special sir space strategy for drones; and BMW's mini unit is recalling thousands of cars, reports CNBC's Sue Herera.
Source: CNBC.com