Premarket roundup: Pilot-Marathon, Borders Group

KNOXVILLE, Tenn. (AP)--Pilot Corp. will buy Marathon Oil Corp.'s 50 percent stake in Pilot Travel Centers for $700 million.

PORTLAND, Ore. (AP)--Borders Group Inc. must reach a deal Wednesday to sell itself or face giving its largest investor a hefty block of warrants that would give Pershing Square Capital Management further control of the Ann Arbor, Mich.-based bookseller.

NEW YORK (AP)--A JPMorgan analyst upgraded shares of International Flavors & Fragrances Inc. Wednesday, saying shares have pulled back enough to now reflect challenges facing the flavor and scent maker, such as softening consumer spending and higher raw material costs.

NEW YORK (AP)--Rockwell Automation Inc. shares may see increased activity Wednesday after the industrial automation and control company said it would cut 600 sales and administrative jobs, or 3 percent of its global work force, and take a related $50 million charge.

WASHINGTON (AP)--A measure of economic activity in the U.S. manufacturing sector is expected to show a slight decline in September with concerns about whether export sales are holding up.

WASHINGTON (AP)--Construction spending is expected to have declined again in August as housing activity continues its long downward slide.

NEW YORK (AP)--The major automakers are scheduled to release their September U.S. sales Wednesday amid the ongoing slump in vehicle demand and increasingly tight credit markets.