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In an unusual move this week, high-end women's apparel brand Rebecca Taylor decided to push forward with the opening of its fourth free-standing store—in Tokyo's Harajuku district.
Stocks ended down, after trading in a narrow range throughout much of the session Tuesday, as investors took a breather from a three-day rally amid rising oil prices and ongoing turmoil in Libya and the Middle East. Bank of America and GE fell, while Verizon rose.
Stocks traded slightly lower, and in a narrow range throughout much of the session Tuesday, as investors took a breather from a three-day rally as oil prices rose amid ongoing turmoil in Libya and the Middle East. GE and Bank of America fell, while Verizon gained.
Stocks turned lower as oil prices gained amid continuing unrest in the Middle East and North Africa. Verizon and Boeing rose, w hile Bank of America fell.
Stock index futures were slightly higher ahead of the open Tuesday as investors kept a wary eye on events still developing in Japan and Libya.
Tiffany is reducing its first-quarter earnings forecast as it deals with some store closings and limited hours in Japan, in the wake of the earthquake and tsunami there.
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Stocks finished up 1.5 percent or higher, sending the Dow back above 12,000, lifted by AT&T's $39 billion planned purchase of Deutsche Telecom's T-Mobile USA and investors who found buying opportunities in stocks they viewed as oversold. Boeing and Alcoa led Dow gainers, while Pfizer fell.
Stocks pared gains in the final hour of trading Monday, but remained significantly higher, buoyed by AT&T's $39 billion planned purchase of Deutsche Telecom's T-Mobile USA and buying opportunities in oversold stocks. Boeing and GE led gainers, while Pfizer fell.
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.
There’s nothing like the smell of a big takeover to get investors’ juices flowing and take our minds, even briefly, away from the horrific disaster in Japan and the crisis in Libya.
Stocks in the coming week will navigate the uncertainties of Japan's nuclear crisis and the potential risk of heightened military action in Libya.