Toward the end of trading Monday, the Dow traded down 0.01
percent to 16,019.65 while the NASDAQ surged 0.06 percent to
4,064.79. The S&P also rose, gaining 0.12 percent to
Top Headline Covidien PLC (NYSE:
) announced its
plans to acquire
Given Imaging (NASDAQ:
) for a total of $860 million Covidien will buy all the
outstanding stock of Given Imaging for $30.00 per share in cash,
representing a 27% premium to the company's closing price on
The deal is likely to be completed by March 31.
Equities Trading UP Given Imaging (NASDAQ:
) shot up 27.12 percent to $30.07 after Covidien PLC (NYSE:
) announced its plans to acquire Given Imaging for $30.00 per
share in cash.
Shares of Sysco (NYSE:
) got a boost, shooting up 10.41 percent to $37.88 after the
company announced its
plans to buy
US Foods for around $3.5 billion in cash and stock.
) shares rallied on Monday's session, gaining 9.73 percent to
$60.90 following a massive sell off Friday. The drop triggered a
series of articles and notes suggesting it may be a buying
opportunity, which seemed to be fueling a relief rally on the
Equities Trading DOWN Shares of EZCORP (NASDAQ:
) were down 6.31 percent to $10.31 after Sterne Agee downgraded
the stock from Buy to Neutral and lowered the target price from
$15.50 to $12.
Newfield Exploration (NYSE:
) was also down, falling 8.44 percent to $24.20 after it lowered
its expected 2014 net production below street expectations.
) was down, falling 1.20 percent to $95.64 after the company
in its US sales in November. McDonald's also reported a 0.5% rise
in its global comparable sales in the month.
Commodities In commodity news,
oil traded down 0.12 percent
to $97.53, while gold traded up 0.96 percent to $1,240.80. Silver
traded up 1.91 percent Monday to $19.88, while copper rose 0.25
percent to $3.26.
Eurozone European shares
were mostly higher
today. The Spanish Ibex Index gained 0.83 percent, while Italy's
FTSE MIB Index surged 0.49 percent. Meanwhile, the German DAX
gained 0.18 percent and the French CAC 40 climbed 0.01 percent
while U.K. shares fell 0.02 percent.
IMX for November will be released today.
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