Markets Close Higher Over M&A Activity
On the upside
Hartford Financial (NYSE: HIG) launched a new campaign to promote the living benefits of a life insurance policy.
Belo (NYSE: BLC) named Robert M. Simone to the position of president and general manager of its television stations in Tucson.
Chief financial officer of Starbucks (Nasdaq: SBUX) Troy Alstead will ring the opening bell of Nasdaq to celebrate the introduction of Starbucks' VIA Ready Brew.
Goldman Sachs lifted its price target on Qualcomm (Nasdaq: QCOM).
Two of Gander Mountain's (Nasdaq: GMTN) largest shareholders will take the company private.
On the downside
Goldman Sachs analyst Sal Tharani removed Steel Dynamics (Nasdaq: STLD) from his Conviction Buy List.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by a margin of 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 14 points to 613.
