Sindonews.com -stocks on exchanges in the United States (US) trade Tuesday local time following the merger action closed up a number of companies. It's encouraging investors in the market, profit mnedapat even during the index towards the highest lever.
Shares of Office Depot Inc. surged 9.4 percent to USD5,02 after knowing the news sources said the Office Tools retailer company is in talks to join the company's smaller rival, OfficeMax Inc.
The news comes after Berkshire Hathway and its partners agreed to acquired h. j. Heiz Co of USD23 million. This was followed by Mexico, brewer company Grupo Modelo, which revised the value of its acquisition of Anheuser-Busch InBev of USD20 billion.
The merger deals helped stocks reversed course as investors used the opportunity to perform the action. S&P index rose about 7 percent throughout this year and for the last seven weeks continuously since January 2011. While the Dow Jones Index closed down 0.9 percent from record highs.
The Dow Jones index climbed 0.39 points or 53,91 percent to 14.035,67; S&P 500 index rose 11.15 points or 0.73 percent to,94 and the Nasdaq Index 1,530 up 22.56 points or,56 percent to 3.213 0,68.
"This transaction gives swept up positive for the stock market," said market analyst and broker at FuturePath Trading LLC in Chicago, Frank Lesh as quoted Reuters, Wednesday (20/2/2013).
More from USD158 million transactions have been performed through 2013, doubled compared to the same period last year, with 57 percent of the global volume of dealings.
Reinforcement of Wall Street since the beginning of tahin encouraged improving net profit above expectations of issuers, a deal in Washington to delay cutting the budget and balanja tax increases that could worsen the economy.
(rna)
Finance; Investment; Business; Economics
Finance; Investment; Business; Economics
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