“This is an amazing development,” said Cramer. It hasn’t happened for over 10 years.
Wary of rising rates, stock traders will keep an eye on the bond market Thursday as another wave of earnings reports roll in.
Some of the names on the move ahead of the open.
GDP expanded at 1.8 percent; Russia’s 15 percent defense budget share to grow, China’s, too; McKesson CEO John Hammergren gets record $159 million pension.
Check out which companies are making headlines before the bell:
Check out which companies are making headlines after the bell Thursday:
The health-care industry is looking to harness big data, but finding the right workers isn't always easy. In some cases, companies are making acquisitions to bring talent in-house.
More investors appear to be getting more comfortable owning cheaper cyclical sectors like industrials and energy.
Britain's Serious Fraud Office has joined the U.S. Department of Justice in opening an investigation into Hewlett-Packard's allegations that it was misled when it bought British software maker Autonomy for $11.5 billion.
Every year, firms dutifully detail what their five highest paid executives receive in compensation. But the reported numbers don't always reflect reality. Here's what the really make.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
Stocks were cheap despite slow earnings growth and could see strong gains, Delphi's Scott Black says.
*McKesson reports Q2 adj EPS $1.92 vs est $1.78. Oct 25- U.S. drug wholesaler McKesson Corp struck a deal to buy medical products distributor PSS World Medical for $1.46 billion to boost scale and margins in its surgical devices supply business as medical procedure volumes fall.
NEW YORK-- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:. Under Armour Inc., down $3.69 at $52.93. Skechers USA Inc., up 31 cents at $16.92.
*McKesson to acquire PSS World Medical. *Procter& Gamble climbs after results. NEW YORK, Oct 25- U.S. stocks advanced on Thursday, putting the S&P 500 on track to rebound from its worst five-day performance in five months, on optimism the economies of both the U.S. and China may be recovering.
*McKesson to acquire PSS World Medical. *Procter& Gamble climbs after results. NEW YORK, Oct 25- U.S. stocks were poised for a higher open on Thursday, indicating the S&P 500 may rebound from its worst five-day slide in five months, on optimism the economies of both the U.S. and China may be recovering.
THE BUY: Prescription drug distributor McKesson Corp. said Thursday it will buy PSS World Medical Inc., a medical supply distributor, for $1.46 billion, or $34 per share. THE PRICE: McKesson valued the deal at $2.1 billion including debt.
NEW YORK-- Prescription drug distributor McKesson Corp. is expanding its medical supplies business by buying PSS World Medical Inc. for about $1.46 billion. McKesson said Thursday it will pay $29 per share for PSS World, a 34.3 percent premium over Wednesday's closing price.
*UBS raises McKesson Corp price target to $105 from $103; rating buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Oct 3- Rite Aid Corp:. *Rite aid corp- co and McKesson Corporation entered into a sixth. amendment to certain supply agreement- SEC filing.