NEW YORK, May 6- The S&P 500 closed at another record high, pushing further above 1,600 as financial shares led the way after Bank of America's settlement with MBIA. Bank of America said it would settle claims with MBIA for $1.6 billion, lifting shares of both companies as well as the S&P financial sector Index, which gained 1 percent.
The European Commission and the U.S. Department of Justice are also conducting antitrust investigations into the banks and Markit relating to anticompetitive behavior in CDS.
The European Commission and the U.S. Department of Justice are also conducting antitrust investigations into the banks and Markit relating to anticompetitive behavior in CDS.
Tesla Motors Inc.' s shares jumped Monday following a major engineering hire and ahead of the electric car maker's earnings on Wednesday. THE SPARK: Tesla said Monday that it has hired Chris Porritt, chief engineer of vehicle engineering at Aston Martin, to be its vice president of vehicle engineering.
NEW YORK, May 6- U.S. stocks inched higher on Monday, lifted by financials and Apple shares, as Wall Street extended a rally that pushed the Dow and S&P 500 to record highs last week. Shares of MBIA jumped nearly 50 percent to $14.46 following a news report regarding a settlement of ongoing dispute with Bank of America. Bank of America shares were up 4 percent at $12.74.
May 6- Business software maker BMC Software Inc, whose anemic growth has been a source of frustration for its largest shareholder, said it would be taken private by a group led by Bain Capital and Golden Gate Capital for about $6.9 billion.
May 6- KNOT Offshore Partners LP:. *Barclays starts with overweight rating; target price $27. Reuters Station users, click. 1568.
May 6- Tesla Motors Inc:. *Barclays raises target price to $65 from $38; rating overweight. Reuters Station users, click. 1568.
May 6- Targa Resources Corp:. *Barclays raises target price to $79 from $70; rating overweight. Reuters Station users, click. 1568.
May 6- George Weston Ltd:. *Barclays raises target price to $85 from $73; rating equal weight. Reuters Station users, click. 1568.
May 6- Concho Resources Inc:. *Barclays cuts target price to $110 from $117; rating overweight. Reuters Station users, click. 1568.
*Barclays raises target price to $95 from $71; rating overweight. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
May 6- Avis Budget Group Inc:. *Barclays raises target price to $31 from $24; rating equal weight. Reuters Station users, click. 1568.
May 6- Buckeye Partners LP:. *Barclays raises target price to $64 from $54; rating equal weight. Reuters Station users, click. 1568.
May 6- Alliant Techsystems Inc:. *Barclays raises target price to $70 from $63; rating underweight. Reuters Station users, click. 1568.
NEW YORK, May 6- U.S. stocks edged up on Monday, boosted by the tech sector, as Wall Street extended a rally that pushed the Dow and S&P 500 to record highs last week on improving earnings and reassuring signs about the economy. Apple shares were among the top gainers after Barclays raised its price target on the stock.
May 6- Business software maker BMC Software Inc, whose anemic growth has been a source of frustration for its largest shareholder, said it would be taken private by a group led by Bain Capital and Golden Gate Capital for about $6.9 billion.
May 6- Business software maker BMC Software Inc, whose anemic growth has been a source of frustration for its largest shareholder, said it would be taken private by a group led by Bain Capital and Golden Gate Capital for about $6.9 billion.
The San Juan Bautista, California- based company, whose investors include private equity firm Kainos Capital, has hired Barclays to sell the company in a deal that could be worth $600 million to $700 million, the sources said on Monday. In July 2012, high-end juice maker Bolthouse Foods was acquired by Campbell Soup Co for $1.6 billion, about 11 times EBITDA.
By Olivia Oran and Soyoung Kim. The San Juan Bautista, California- based company, whose investors include private equity firm Kainos Capital, has hired Barclays to sell the company in a deal that could be worth $600 million to $700 million, the sources said on Monday.