Midway through trading Monday, the Dow traded up 0.13 percent
to 16,040.65 while the NASDAQ surged 0.20-percent to 4,070.79.
The S&P also rose, gaining 0.27 percent to 1,809.91.
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 25.67 percent to $29.72 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 13.32 percent to $38.88 after the
company announced its
plans to buy
US Foods for around $3.5 billion in cash and stock.
Infinity Pharmaceuticals (NASDAQ:
) was also up, gaining 11.91 percent to $16.73 after the company
reported encouraging Phase 1
IPI-145 data at the American Society of Hematology (
Equities Trading DOWN Shares of EZCORP (NASDAQ:
) were down 6.09 percent to $10.34 after Sterne Agee downgraded
the stock from Buy to Neutral and lowered the target price from
$15.50 to $12.
Ply Gem Holdings (NYSE:
) shares tumbled 4.12 percent to $17.44 after Credit Suisse
downgraded the stock from Outperform to Neutral.
) was down, falling 1.15 percent to $95.69 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 0.06 percent
to $97.59, while gold traded up 0.55 percent to $1,235.80. Silver
traded up 1.16 percent Monday to $19.75, while copper rose 0.20
percent to $3.26.
Eurozone European shares 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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