среда, 14 марта 2012 г.

Stock futures push higher amid latest earnings

U.S. stock futures are pushing higher Thursday amid news of dealmaking and a barrage of earnings reports.

The rise in futures comes after gains in Asia and amid relatively flat markets in Europe.

A wave of merger-and-acquisition activity gave investor confidence a boost early Thursday. Bristol-Myers Squibb Co. said late Wednesday it is buying Medarex Inc. for about $2.1 billion in cash, the latest in a string of acquisitions by the drugmaker.

The New York-based company said it will pay $16 a share for Medarex _ a 90 percent premium over Medarex's closing share price Wednesday of $8.40. Medarex shares nearly doubled in premarket trading, jumping $7.48 to …

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