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Lumber Liquidators melts; J&J deal; Costco's new credit cards

Bill McColl

Here are just a few of the stocks the Yahoo Finance team will be watching for you today...

Shares of Lumber Liquidators (LL) going through the floor ahead of the bell.  The drop coming after a story about the company on CBS's "60 Minutes" last night.  The news show reporting that the retailer's hardwood flooring from China contains levels of cancer-causing formaldehyde that exceeds California safety limits.  Lumber Liquidators says its products meet safety standards.

Meantime, shares of NXP Semiconductors (NXPI) are soaring in early trading.  The Dutch chipmaker is buying rival Freescale Semiconductors (FSL) for almost $12 billion.  The deal will make NXP the world's biggest supplier of microchips in the auto industry.  Freescale Semiconductor shares are also higher on the news.

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In more M&A news, we're watching Endo International (ENDP). Shares are up in the pre-market.  The healthcare firm based in Dublin is selling its men's and prostate health business to Boston Scientific (BSX) for $1.65 billion.

Sticking to the health field...Shares of Johnson and Johnson (JNJ) are in focus.  J&J is selling its Cordis heart device unit to Cardinal Health (CAH) for just shy of $2 billion.

And we're following shares of Costco (COST).  The stock is up as the biggest warehouse retailer announces a new credit card agreement with Citigroup (C) and Visa (V).  Costco and American Express (AXP) are ending their long-standing credit card deal next April.