Feb 24, 2014 9:23 AM by Associated Press
NEW YORK (AP) - US stock futures are edging higher as investors assess some major takeovers on a day in which there will be few significant earnings reports or economic indicators.
KEEPING SCORE: The Dow Jones industrial average futures are up 24 points to 16,117 as of 9:06 a.m. Eastern time. The Standard & Poor's 500 index futures have gained four points to 1,838 and the Nasdaq futures are up nine points to 3,673.
SUIT SAGA: Jos. A Bank is up $4.35, or 7.8 percent, to $59.30 in premarket trading after the Men's Wearhouse said it was stepping up its pursuit of the clothing retailer, boosting the takeover offer for its rival by 10 percent to about $1.78 billion.
THE CHIPS ARE UP: RF Micro Devices is up $1.07, or 18 percent, to $6.90 before the open after the chip maker said it was combining with TriQuint Semiconductor in an all-stock deal valued at about $1.56 billion. TriQuint's stock rose $2.12, or 23 percent, to $11.35.
STREAMING DEAL: Netflix and Comcast are both trading higher after the two companies agreed a deal to ensure that the online video services' TV shows and movies are streamed smoothly. No details were released about the cost to Netflix. Netflix is up $5.52, or 1.3 percent, to $437.78. Comcast gained 74 cents, or 1.4 percent, to $51.79.
TREASURYS AND COMMODITIES: The yield on the 10-year Treasury note is unchanged from Friday at 2.74 percent. The price of oil is up 55 cents to $102.75 a barrel. Gold is up $8.20 to $1,331.90 an ounce.
(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at email@example.com, and include the name of the story and information on the comment.
Thank you! KSBY.com