The Ticker

Johnson ditches A123

Auto parts maker Johnson Controls is stepping away from its position as the debtor-in-possession lender during the bankruptcy process for battery maker A123 Systems in order to prevent delays.

The company is avoiding a premature legal tussle with Chinese auto parts maker Wanxiang Group Corp., which is challenging Johnson Controls' role as the primary bidder for A123.

A123 Systems Inc. filed for bankruptcy protection earlier this month and Johnson Controls Inc. agreed to buy its automotive assets. Johnson said Friday that its $125 million offer stands, and it now plans to expand the offer to include the company's government business, which involves military contracts.

MONDAY

L The American Society for Radiation Oncology holds its annual meeting at the Boston Convention and Exhibition Center.

L The U.S. Commerce Department releases personal income and spending for September.

L Cognex, Haemonetics, Harvard Bioscience and Northeast Utilities report quarterly financial results.

TUESDAY

L Mayor Thomas M. Menino and developer Urbanica break ground on Boston's first "E+ green" building at 226 Highland St. in Roxbury.

L Standard & Poor's releases the S&P/Case-Shiller index of home prices for August.

L Cabot Corp., Ford and Pfizer report quarterly earnings.

L The U.S. Conference Board releases the Consumer Confidence Index for October.

WEDNESDAY

L Campbell Edlund, president of EMI Strategic Marketing, speaks at a "Best Practices" seminar hosted by the Greater Boston Chamber of Commerce.

L Abiomed, General Motors, Hanover Insurance and Iron Mountain report quarterly financial results.

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