Stocks gained despite continuing global tensions as M&A activity heated up and as Warren Buffet said Japanese stocks represented a good buying opportunity. Microsoft and Boeing led gainers.
Also: Citi stock split, AT&T's T-Mobile deal, and news from AIG and Schwab.
U.S. stock index futures gained ahead of the market's opening Monday in the wake of stronger markets overseas, and buoyed in part by AT&T's plan to buy T-Mobile US from Deutsche Telekom to create the largest mobile provider in the United States. US stock index futures pointed to gains for Wall Street Monday, with sentiment helped after AT&T agreed to buy T-Mobile US from Deutsche Telekom, creating the largest mobile provider in the United States.
Deutsche Telekom and AT&T are confident the deal under which AT&T will purchase rival T-Mobile USA from the German telecoms giant will be cleared by regulators, despite concerns that the agreement might create a duopoly in the US mobile market.
There’s no question who came into this transaction from a position of strength. Hint: It wasn’t AT&T.
The details of the mega deal, with Randall Stephenson, AT&T and Rene Obermann, Deutsche Telekom.
German telecoms giant Deutsche Telekom has agreed to sell mobile network operator T-Mobile USA to AT&T for $39 billion, paving the way for a partial exit from a market which had turned into a headache for the Bonn-based group.
The knee-jerk reaction in this deal, based on an early poll I conducted on Twitter, was the seller, which has been trying to figure out what to do with T-Mobile USA, a distant competitor among mobile carriers. But as people started to think about it, the mood shifted to the buyer, which would put AT&T well ahead of Verizon in terms of customers.
Cell phones are usually used to communicate with people far away. This year, they'll get the ability to do the opposite: communicate with things that are close enough to touch.
Telemedicine has attracted major investments from some of the nation's largest companies over the past year. And it has been endorsed by doctors and care takers who believe patients fare better at home.
Cramer makes the call on viewers' favorite stocks.
With consumer adoption of smartphones and tablets on the rise, demands on wireless data networks are escalating dramatically.
In the aftermath of Japan's devastating earthquake and tsunami, many U.S. companies listed on the Dow 30 have offered various forms of aid to Japan's ongoing relief efforts. Read on to see how each company has contributed.
Stocks ended higher for the session, although lower for the week, amid concerns over global growth and Middle East unrest, and and in the wake of a devastating earthquake in Japan. C
Stocks climbed in the last hour of trading as sectors that had been beaten up during the week regained ground, despite a devastating earthquake in Japan. 3M and Caterpillar rose, while Verizon fell.
Stocks turned higher after mixed economic news in the U.S. and China, and in the wake of a massive earthquake in Japan, which has sent Asian and European shares lower and rattled investor confidence already damaged by uncertainty in the Middle East. Alcoa and Exxon rose, while Verizon fell.
On the two-year anniversary of the March 2009 bottom, Andrew Kligerman, life insurance analyst at UBS, and Terry Bivens, food analyst at JPMorgan, told investors which names they should be buying and avoiding.
Will Mardi Gras help the U.S. Indexes rebound to new monthly highs?
Stocks closed down, although off the lows of the day, as tech stocks dragged down the market amid high oil prices and continued turmoil in the Middle East. Alcoa and Intel sank, while McDonald's gained.
Stocks eased losses in the final hour of trading, although remained lower, as tech stocks fell particularly hard amid high oil prices and continued turmoil in the Middle East. Alcoa and Intel fell, while 3M rose.