Saudi Arabia voices concern over extremist Israeli statements about West Bank sovereignty and settlements    Al-Rajhi: Number of Saudi employees in private sector soars 35% to 2.34 million in 5 years    Indonesia shocks Saudi Arabia with 2-0 victory in AFC Asian Qualifiers    GBB Venture announces the 16th Real Estate Development Summit Saudi Arabia: Luxury Edition    Putin signs new doctrine lowering threshold for nuclear weapon use    KSrelief to hold International Conference on Conjoined Twins on Nov. 24-25    Prince Faisal and Blinken discuss regional developments    Sitting too much linked to heart disease –– even if you work out    Hong Kong's leading democracy activists handed lengthy prison terms in mass trial    Almost 100 Gaza food aid lorries violently looted, UN agency says    Trial begins for men accused of smuggling Indian family who froze to death at US-Canada border    Theme parks, talent and tech: Saudi Arabia's path to global entertainment leadership    Cityscape Global 2024 showcases Saudi real estate sector's growing appeal to global investors    Yemeni Orchestra's captivating performances in Riyadh, showcasing shared cultural legacies    Saudi Arabia targets win against Indonesia in AFC Asian Qualifiers match    Future of Ronaldo's Al Nassr contract remains undecided, says Saudi Pro League CEO    Salem Al-Dawsari out for three weeks, Ruben Neves to return in January after surgery    GASTAT report: 45.1% of Saudis are overweight    German manufacturers warn of the sector's 'formidable crash'    Denmark's Victoria Kjær Theilvig wins Miss Universe 2024    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



US Stocks edge higher as investors asses deal news
Saudi Press Agency Published in Saudi Press Agency on 19 - 05 - 2014

US Stocks are edging higher in midday trading as investors consider the latest news on corporate mergers.
According to AP, Abbott Laboratories rose 2 percent after financial analysts cheered the medical device maker's proposed acquisition of CFR Pharmaceuticals for nearly $3 billion.
Pfizer rose 1 percent after AstraZeneca's board rejected Pfizer's latest takeover offer. AstraZeneca sank 10 percent.
The Dow Jones industrial average rose 25 points, or 0.2 percent, to 16,516 in midday trading Monday.
The Standard & Poor's 500 index rose five points, or 0.3 percent, to 1,883 and the Nasdaq composite rose 32 points, or 0.8 percent, to 4,123.
AT&T fell 1 percent after the company said it plans to buy satellite TV provider DirecTV for $48.5 billion. The proposal could face tough regulatory scrutiny. DirecTV also fell 1 percent.

Clic here to read the story from its source.