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Stock Market Today Boosted by Better-than-Expected Bank Earnings

By , Contributing Writer, Money Morning -

U.S. equities marched higher - by a smidge - in the stock market today, one day after benchmarks logged fresh records.

The Dow Jones Industrial Average finished at 15,464.07, up 3.15 points, or 0.02%. The Standard & Poor's 500 Index ended at 1,680.19, up 5.17 points, and the Nasdaq closed at 3,600.08, up 21.78 points.

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Flurry of Mergers and Acquisitions Drives Stock Market Rally

By , Contributing Writer, Money Morning -

A flurry of mergers-and-acquisition deals in the pharmaceutical and technology industries today (Monday) sparked a sharp market rally, snapping a three-day losing streak and giving stocks to their biggest gains in five weeks. The pickup in merger activity bolstered arguments that mergers and acquisitions (M&A) are rebounding from the biggest slump in six years. It […]

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Investment News Briefs

By , Money Morning -

With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Australia Blocks Another China Majority Stake; Avtovaz Cutting 27,600 Jobs; WSJ: Citigroup Focusing on Six Metros; Experimental HIV Vaccine Raising Eyebrows; Nintendo Knocks $50 Off Wii; SEC Charging Insider Trading […]

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Dell Looks to Services in Perot Acquisition to Pick Up Slack for Slow PC Sales

By , Associate Editor, Money Morning -

Dell Inc.'s (Nasdaq: DELL) agreement to buy information technology service provider Perot Systems Corp. (NYSE: PER) yesterday (Monday) signals a sign of the times as computer makers branch out from their core businesses into the lucrative services sector. The acquisition, which is valued at $3.9 billion, or $30 per share, represents a 68% premium to […]

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Dell To Cut More Jobs, Buy Back $1 Billion in Stock

By , Money Morning -

By Mike Caggeso Associate Editor Dell Inc. (DELL) Chairman and Chief Executive Michael Dell announced the company would eliminate more jobs then originally targeted and plans to buy back $1 billion in stock in the first quarter. Story continues below… "We are not satisfied with the current state of affairs and are on a mission […]

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Today's Markets
DJIA -915.39 (-4.06%) 21,636.78
NASDAQ -295.16 (-3.79%) 7,502.38
S&P -88.60 (-3.37%) 2,541.47