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Briefing.com - LIVE market analysis Market Summary  | Stocks On The Move
5/24/2013 3:00 PM ET
[BRIEFING.COM][BRIEFING.COM] The major averages continue to trade near their recent levels as today's session enters its final hour.

In the foreign exchange market, the Dollar Index remains in negative territory as a sleepy session drifts towards the finish...

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  • 3:21 PM   Covidien ([[COV]] +0.5%) says its board of directors has approved the spinoff of its pharmaceuticals business to Mallinckrodt, setting an exchange ratio of eight Mallinckrodt shares for each Covidien share. The distribution will occur on June 28, and trading of Mallinckrodt shares will begin July 1 on the NYSE under the symbol "MNK."
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