News - National
Stocks open higher on deals and earnings
Posted: Feb 7, 2011 8:59 AM by Nichole Larkey & AP
NEW YORK (AP) - Stocks are heading higher in early trading, amid
a flurry of deals and earnings reports.
Tool maker Danaher Corp has agreed to buy Beckman Coulter, a
manufacturer of medical diagnostic tests, for $5.8 billion. The
London-based oil rig operator Ensco says it agreed to buy Pride
International, another offshore driller, for $7.3 billion.
And online company AOL Inc. says it will buy the Huffington
Post, an online news and opinion website, for $315 million. Arianna
Huffington, the site's co-founder and political pundit, will join
AOL's management team.
In early trading, the Dow Jones industrial average is up 25
points, or 0.2 percent, at 12,118. The S&P 500 is up 4, or 0.3
percent, at 1,314. The Nasdaq is up 4, or 0.2 percent, at 2,773.
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