*Yahoo's board approves $1.1 bln Tumblr acquisition. NEW YORK, May 20- U.S. stocks slipped by afternoon trade on Monday as indexes struggled to break above their record levels with investors hesitant to rush into the market.
Cisco Systems Inc. fell 2.0 percent to $23.76 with 29,194,000 shares traded. Facebook Inc. fell 1.7 percent to $25.80 with 26,942,000 shares traded. Intel Corp. rose. 2 percent to $24.08 with 16,610,500 shares traded.
eBay fell$. 36 or. 6 percent, to $56.35. Google rose $2.56 or. 3 percent, to $911.74. Groupon Inc. rose$. 03 or. 4 percent, to $7.00.
Deals such as Yahoo's $1.1 billion bid for Tumblr indicate that companies continue to search for growth through acquisitions despite record high share prices, a bullish sign for stocks.
*Yahoo's board approves $1.1 bln Tumblr acquisition. *Actavis to acquire Warner Chilcott in stock-for-stock deal. Deals, including Yahoo's $1.1 billion bid for Tumblr, indicate that companies continue to search for growth through acquisitions, a bullish sign for stocks.
*Gold gains after longest losing streak in four years. Deals such as Yahoo's $1.1 billion bid for Tumblr indicate that companies continue to search for growth through acquisitions despite record high share prices, a bullish sign for stocks. "
*Yahoo's board approves $1.1 bln Tumblr acquisition. *Actavis to acquire Warner Chilcott in stock-for-stock deal. Deals including Yahoo's $1.1 billion bid for Tumblr indicate that companies continue to search for growth through acquisitions, a bullish sign for stocks.