Some of the names on the move ahead of the open.» Read More
Though the U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent, the Gallup Organization has found that consumers' view of the economy is the glummest it's been in seven months. At 53, Hunter now works three days a week for $9.25 an hour, mopping floors and fixing fryers at two McDonald's restaurants in Chicago.
Hong Kong's Hang Seng inched up 0.2 percent to 24,483.85 while China's benchmark Shanghai Composite gained 0.1 percent to 2,180.52. Markets in India, Indonesia and Malaysia were closed for holidays. Asian tech heavyweights Samsung Electronics Co. and Sony Corp. will release their quarterly financial results on Thursday.
*Trulia shares rise as much as 20 pct to $67.49. July 28- Zillow Inc said it would buy smaller rival Trulia Inc for $3.5 billion, combining the top two U.S. real estate websites to cut costs, after they failed to produce profits from a rising number of home buyers shopping online. Zillow's shares rose as much as 4 percent to $164.90.
*Dollar Tree offers to buy Family Dollar; deal valued at $9.2 bln. Dollar Tree Inc offered to buy rival discount chain Family Dollar Stores Inc for about $8.5 billion. Zillow Inc agreed to buy Trulia Inc for $3.5 billion in stock in a deal that would combine the two most popular U.S. real estate website operators Trulia's shares jumped 15.4 percent to $65.04.
*Russia stocks tumble again after new sanctions. Wall Street ended flat as the latest deal news offset losses following soft data on the housing market and services sector.
NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Family Dollar Stores Inc., up $15.08 to $75.74. The discount retailer is being bought for $8.5 billion by rival Dollar Tree, which is significantly broadening its reach as it looks to fend off Wal-Mart.
Real estate Web sites Zillow and Trulia have crafted a clever deal to send their high-flying share prices to even greater heights.
*Dollar Tree offers to buy Family Dollar; deal valued at $9.2 bln. Dollar Tree Inc offered to buy rival discount chain Family Dollar Stores Inc for about $8.5 billion. The transaction, including debt, values Family Dollar at about $9.2 billion.
Some of Monday's midday movers:
The deal shouldn't concern Realtors, but it could impact the National Association of Realtors, Collingwood Group's Tim Rood said.
July 28- Zillow Inc said it would buy smaller rival Trulia Inc for $3.5 billion in stock, combining the two most-popular U.S. real estate website operators. Both Zillow and Trulia have been spending aggressively on advertising, foregoing near-term profitability, to capture a bigger share of online spending on real estate listings.
Zillow CEO Spencer Rascoff discusses the rationale behind his deal to buy Trulia for $3.5 billion in stock. Jon Steinberg, Daily Mail North America CEO, and the "Squawk Alley" crew provide insight.
*Dollar Tree offers to buy Family Dollar for $9.2 bln. While acquisition activity limited the market's decline, keeping indexes near record levels, investors found few reasons to buy as the data followed some high-profile disappointments in corporate earnings, including from Amazon.com and Caterpillar last week. D.R. Horton Inc fell 1.7 percent to $21.24.
China's extended rally and two mega-mergers are helping cap the downside of a suddenly dour market.
NEW YORK— The stock market is opening mixed at the start of a busy week as a batch of merger announcements lift shares in Family Dollar and other companies. Family Dollar soared 23 percent after Dollar Tree announced plans to buy the rival discount store.
Zillow has agreed to buy Trulia for $3.5 billion in a stock-for-stock transaction. CNBC's Jim Cramer and David Faber discuss the deal.
July 28- U.S. real estate website operator Zillow Inc said it would buy smaller rival Trulia Inc for $3.5 billion in stock, as the U.S. real estate market continues its choppy recovery. Both Zillow and Trulia have been spending aggressivley on advertising, foregoing near-term profitability, to corner a bigger share of online spending on real estate listings.
*Dollar Tree offers to buy Family Dollar for $9.2 bln. *While merger and acquisition activity supported the market, there have been a number of high-profile earnings disappointments this quarter, including from Amazon.com and Caterpillar last week.
Companies making headlines before the bell:
NEW YORK— Zillow and Trulia, two companies that changed the way people shop for homes, are combining. Both Zillow and Trulia were founded nearly a decade ago and have capitalized on Americans' increasing preference for researching purchases, including homes, online, rather than relying solely on a real estate agent.