Microsoft's $8.5 Billion Skype Deal Lifts Stocks

By: Associated Press
By: Associated Press

Stocks are rising after Microsoft said it would buy Skype for $8.5 billion and more companies reported strong earnings.

Companies have built up a record amount of cash since the recession, and they have begun to use it to purchase rivals, pay dividends and buy back their own stock.

Dairy producer Dean Foods Co. jumped 10.9 percent after its earnings came in above expectations. Dean had a stronger start to the year than it expected and raised its forecast for full-year earnings.

The Dow Jones industrial average is up 42 points, or 0.3 percent, to 12,727 in midday trading. The S&P 500 is up 6, or 0.4 percent, to 1,352. The Nasdaq composite index is up 13 points, or 0.5 percent, to 2,857.


KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 121581129 - kbtx.com/a?a=121581129
Gray Television, Inc.