Lear shares rise 4 pct on prospects of better deal
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Shares of Lear Corp.  rose more than 4 percent on Tuesday on expectations that the company could command a higher price, one day after activist investor Carl Icahn offered to buy the U.S. auto parts supplier for $2.43 billion.
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U.S. stocks rose a bit on Thursday  after a revision in factory orders in June suggested orders are  improving and some apparel makers raised profit forecasts or  reported better-than-expected sales in August.
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Stocks extended gains on Thursday, pushing the Dow industrials up more than 1 percent, with support from a brokerage upgrade of General Motors Corp.  and McDonald's Corp.'s  dividend increase.
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Stocks rose on Monday, boosted by takeover news and data that showed manufacturing growth quickened in June even as price pressures eased.
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Auto parts supplier Lear Corp.  said on Monday that a company affiliated with activist investor Carl Icahn has made a $2.43 billion offer for the company.
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India's Tata AutoComp Systems Ltd. explored a possible bid for Lear Corp. but would not be submitting a proposal to rival billionaire Carl Icahn's buyout offer, Lear said in a regulatory filing on Wednesday.
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Stocks rose on Thursday after a Wall Street Journal report that Bank of America  is in talks to buy mortgage lender Countrywide Financial Corp  sent financial stocks higher.
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Shares in pharmaceutical company Elan soared in early trading this morning after a newspaper report that US company Biogen was considering a bid for the company.
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DETROIT -- Auto parts supplier Lear Corp. said Friday that it has agreed to be acquired by a group affiliated with billionaire investor activist Carl Icahn for about $2.8 billion.
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U.S. auto parts maker Lear Corp. , which has received a $2.31 billion buyout offer from activist investor Carl Icahn, remained mum on the reasons behind a long trading halt in its shares on Thursday.
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Stock index futures rose, lifted by news of a General Electric deal to buy a Merrill Lynch lending unit.
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Gallaher&#39;s profits rose 4.4 percent in the first half as its improved prospects in Britain offset worsening trading conditions in continental Europe, the tobacco company says.
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Lear Corp.  shares rose as much  as 6.4 percent on Tuesday on expectations the U.S. auto parts  maker could command a higher price than the $36 per share  activist investor Carl Icahn has offered.
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U.S. auto parts maker Lear Corp.  said on Friday that it has accepted top shareholder and billionaire investor Carl Icahn's $2.31 billion cash buyout offer and may solicit alternate proposals for 45 days.
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Stocks rose on Monday, lifted by takeover news and data showing stronger manufacturing growth in June even as price pressures eased.
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A major Taiwanese maker of satellite radios and components stands to benefit from theÂ proposed mergerÂ between two U.S. companies, Sirius Satellite RadioÂ and XM Satellite Radio Holdings, lifting its stock higher in Taipei on Monday.
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General Electric Co  on Friday posted a 4 percent rise in net profit, which met Wall Street expectations, driven by strong demand for heavy equipment such as jet engines and electricity-producing turbines.