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Investing Thread About, Stocks push higher on deals and strong earnings |
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02-07-2011, 01:18 PM
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Stocks push higher on deals and strong earnings
Stocks push higher on deals and strong earnings
MATTHEW CRAFT - The Associated Press  04:18:17PM (ET) Monday,February 7,2011. NEW YORK (AP) — Strong earnings reports and big acquisitions are pushing stocks higher in midday trading. Pride International jumped 16 percent on Monday after Ensco, an oil rig operator, said it would buy the offshore driller for $7.3 billion. Beckman Coulter Inc. soared 9 percent. The tool maker Danaher Corp. said it plans to buy the medical diagnostic test maker for $5.8 billion. AOL Inc. dropped less than 1 percent after saying it would buy the Huffington Post, a news and opinion website, for $315 million. Loews Corp. rose 5 percent after earnings beat estimates. The Dow Jones industrial average is up 86 points, or 0.7 percent, to 12,179. The S&P 500 index is up 10, or 0.8 percent, to 1,321. The Nasdaq is up 24, or 0.9 percent, to 2,794. --------------------------------------------------------------------- *Stocks @ this time showing positive results since January after Christmas. *
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