Arab Today, arab today us stocks rise after google’s 125 billion purchase
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

US stocks rise after Google’s $12.5 billion purchase

Arab Today, arab today

Arab Today, arab today US stocks rise after Google’s $12.5 billion purchase

New York - Arabstoday

Stocks rose for a third straight day on Monday after Google and two other companies announced acquisitions and Japan said its economy was stronger than expected following the March earthquake.The return of “Merger on Monday” on Wall Street temporarily helped ease worries about the US economy. A report showed that manufacturing in New York has worsened in August for the third straight month.About 30 minutes after trading began, the Dow Jones industrial average rose 115 points, or 1 per cent, to 11,385. The S&P 500 index rose 13, or 1.2 per cent, to 1,193. The Nasdaq composite index rose 23, or 1 per cent, to 2,532.The biggest deal announced on Monday was Google Inc.’s $12.5 billion cash purchase of wireless phone maker Motorola Mobility Holdings Inc. It is also the biggest acquisition in Google’s history. No. 2 is its $3.2 billion purchase of DoubleClick in 2008. Motorola Mobility’s stock jumped per cent 56 per cent. Google fell 0.7 per cent. Time Warner Cable Inc. said it will pay $3 billion in cash for Insight Communications Co., which has more than 750,000 cable customers in the Midwest. In the energy industry, offshore driller Transocean Ltd. said it will buy Aker Drilling of Norway for $1.43 billion in cash.Companies across the United States have a record amount of cash that they have accumulated since the recession ended. They have increased their cash reserves every quarter for more than two years, and businesses in the S&P 500 index had a total of $963.3 billion at the end of March, according to the most recent data from Standard & Poor’s. Investors have been waiting for them to use some of that cash on acquisitions, dividend increases and stock buybacks. Many financial analysts believe that companies are more confident about the future if they’re willing to buy other businesses. So a series of acquisition announcements tends to send stocks higher. The growing cash hoard has been the result of stronger profits. Companies have kept costs low by being slow to hire. Revenue, meanwhile, is growing, particularly from overseas customers. For the 460 companies in the S&P 500 that have reported second-quarter results, total earnings are up 12 per cent from a year ago. Some companies are looking to pare back. Bank of America Corporation said it will sell its $8.6 billion Canadian credit-card business to TD Bank Group. The Charlotte, North Carolina-based bank will also get out of the credit card business in Britain and Ireland. The deals follow others that the bank made to move out of foreign credit cards, and they should help Bank of America improve its balance sheet Bank of America rose 2.8 per cent. From / Gulf Today

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks rise after google’s 125 billion purchase Arab Today, arab today us stocks rise after google’s 125 billion purchase

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks rise after google’s 125 billion purchase Arab Today, arab today us stocks rise after google’s 125 billion purchase

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally

GMT 04:37 2017 Thursday ,11 May

Tadawul index near flat on varying 1Q results
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday