Monday's stock market news from
United Parcel Service Inc. (NYSE: UPS), U.S. Steel Corp. (NYSE: X), and
Glencore International Plchelped drive gains in U.S. markets. The Dow moved up a slim 0.05% to close at 13,239.13; the
S&P 500 climbed 0.4% to close at 1,409.75; and the
Nasdaq rose 0.75% to 3,078.32.
United Parcel Service Inc. (NYSE: UPS) biggest deal in company history: UPS announced Monday a $6.77 billion deal to buy Netherlands-based delivery service
TNT Express NV to bolster global sales growth.
TNT is Europe's second-biggest express mail company. Its acquisition will double the UPS presence in Europe and give it about the same market share as the region's industry leader DHL. The deal also will boost UPS's international sales to 36% of its total from 26% currently - a significant leap towards the company's goal of 50%.
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