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NEW YORK (AP) — Stocks are rising at the opening bell after
another round of corporate acquisitions and a better-than-expected
economic report from Japan.
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Google says it will buy wireless phone maker Motorola Mobility for
$12.5 billion, the biggest of three deals announced Monday that
each topped $1 billion. World markets rose earlier after Japan said
its economy shrank last quarter by less than half of what
economists expected, following its March earthquake.
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That is helping to overshadow worries about the weak economy.
Manufacturing in New York worsened for the third straight month in
August.
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The Dow Jones industrial average is up 124 points, or 1.1 percent,
to 11,395. The S&P 500 is up 12, or 1.1 percent, to 1,952. The
Nasdaq is up 20, or 0.8 percent, to 2,529.
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