Stocks open higher amid optimism over recovery
By IEVA M. AUGSTUMS (AP)
The stock market is opening higher as merger news raised investors' optimism about an economic recovery.
U.S. stocks are rising, following the lead of markets around the world. Investors are encouraged by news that two British mobile phone companies may combine. And while Cadbury PLC has rejected a takeover bid from Kraft Foods Inc., companies' reviving interest in making acquisitions is being seen as a positive sign for the economy.
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Tuesday, September 8, 2009
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