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AP - Wall Street advanced sharply Monday, boosted by news that Merrill Lynch & Co. will receive an investment of up to $6.2 billion from two investment groups. The Dow Jones industrial average rose nearly 100 points.
MarketWatch.com - MarketPulse
SAN FRANCISCO (MarketWatch) -- U.S. stocks finished higher in Monday's shortened trading session, aided by a flurry of M&A deals that included a $2.7 billion sale by Alcoa Inc. of its packaging and consumer businesses. In preliminary closing figures, the Dow Jones Industrial Average rose 106 points to 13,555, the S&P 500 Index gained 12 points to end at 1,497 and the Nasdaq Composite Index advanced 22 points to 2,713, with shares of Apple Inc. approaching the $200-a share mark. Apple's stock ended up 2.8% at $198.80.
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William Knapp, chief investment strategist for MainStay Investments, says investors should expect the market to sidestep a recession in 2008, but noted that even if once occurs, "consumers will barely know it happened." In a radio interview, Knapp said he expected large-cap growth to remain in favor for at least the first half of the new year, and said the Dow Jones Industrial Average will end 2008 at 15,000.
Newsvine - business - Wire
Commodities prices closed mostly higher Monday following an uneventful, shortened trading session ahead of Christmas. Oil, gold and industrial metals rose slightly.
Finance24 -- fin24.co.za
Platinum has hit an historic high in light festive-season trading, with speculators and industrial users buying on supply concerns and market tightness.
MarketWatch.com - MarketPulse
SAN FRANCISCO (MarketWatch) -- U.S. stocks opened higher Monday, with shares of blue-chip index component Alcoa Inc. up more than 1.6% after the aluminum giant agreed to sell its packaging and consumer businesses for $2.7 billion. The Dow Jones Industrial Average was up 59 points, or 0.4%, at 13,509.39. The broader S&P 500 Index rose 5 points, or 0.3%, to 1,489.06 and the tech-heavy Nasdaq Composite Index rose 5 points, or 0.2%, to 2,697.17. Trading will end early, at 1 p.m. Eastern in observance of the Christmas holiday.
rediff.com -- Business
The Rajasthan State Industrial Development & Investment Corporation (RIICO) is going all out to woo textile firms to set up shop at its proposed garment zone in Bhilwara.
Newsvine - business - Wire
Wall Street advanced sharply Monday, boosted by news that Merrill Lynch & Co. will receive an investment of up to $6.2 billion from two investment groups. The Dow Jones industrial average rose nearly 100 points.
Finance24 -- fin24.co.za
Platinum has hit a historic high in light festive-season trading, with speculators and industrial users buying on supply concerns and market tightness.
Economic Snapshot News - Economic Snapshot News Headlines | Bizjournals.com
MARTINSVILLE, Va. -- The Henry County (Va.) Industrial Development Authority has purchased a 621-acre piece of property on the North Carolina/Virginia state line for an industrial and business park that aims to take advantage of positive economic development momentum in the Triad.