Wall Street stocks end higher on Kmart-Sears merger deal
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Wall Street stocks rose moderately Wednesday as investors cheered the merger deal that combined retailers Kmart Holding Corp. and Sears, Roebuck and Co.
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NEW YORK : Wall Street shares closed higher on Tuesday, but record oil prices capped the day&#39;s gains amid concerns over a multi-billion-dollar tax bill facing Russian oil giant Yukos.
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U.S. stocks rose slightly on Thursday, pushing the Dow Jones industrials to a record closing high for a third day and the S&P 500 to a fresh 5-1/2-year high, after an increase in retailers' September sales fueled hopes that spending will stay strong.
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Stocks closed higher on Thursday after a Wall Street analyst said brokerage shares were undervalued and McDonald's Corp. raised its annual dividend by 50 percent.
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U.S. stocks ended higher on Tuesday,  as a drop in oil prices eased worries about high corporate  energy costs and American Express Co. AXP.N lifted the Dow  after the company said it will spin off its personal finance  unit.
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Leading shares closed firmer, although off highs, as Wall Street remained higher, with property and housebuilding stocks gaining as Hammerson secured a deal for its major shopping centre in Leeds.
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U.S. stocks closed slightly higher on  Thursday amid mixed economic news and light trading as Wall  Street headed home early for the Christmas holiday.
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Discount retailer Kmart Holding Corp. and department store operator Sears, Roebuck &amp; Co. said Wednesday that they agreed to merge in an $11 billion cash and stock deal that will create the nation&#39;s third largest
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U.S. stocks rose on Tuesday as retail  shares like Wal-Mart Stores Inc. WMT.N got a lift from  better-than-expected January retail sales data and news of a  $3.25 billion takeover offer for Circuit City Stores Inc.  CC.N.
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U.S. stocks rose on Tuesday, helped by better-than-expected results from Wal-Mart Stores Inc.  and a handful of merger deals, including a plan by Sirius Satellite Radio  to buy rival XM Satellite Radio  for $4.6 billion.
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U.S. stocks traded higher on  Wednesday, with shares of drugmaker Merck & Co. MRK.N helping  to boost the Dow after its 2005 forecast offered relief to some  investors on Wall Street.
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Wall Street stocks are poised to push higher at the start of Wednesday trade, buoyed by a batch of merger activity, as investors shake off cautionary comments from the U.S. Federal Reserve.
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World stock markets ended higher Monday, as merger and acquisition talk bolstered shares in Europe and Japan.
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Wall Street stocks ended higher Wednesday, boosted by a late-day rally despite the record crude oil price of more than 52 US dollars per barrel.
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Wall Street analysts were sent reeling by the surprise $11 billion (Â£6bn) merger of retailers Sears Roebuck and Kmart. The deal, which was unanimously approved by both companies
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UK blue chips closed the day's trade in positive territory, bolstered by strength on Wall Street which was assisted by a raft of merger news including the purchase by Bank of New York of Mellon Financial.
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Kmart Holding Corp. has finalized the sale of 50 of its stores to Sears, Roebuck and Co. for $575 million, the retailer said Wednesday.