Reuters - Video

EDITION: U.S. | U.K. | IN

Personal Finance

M&A Monday means a good day for stocks.

Monday, July 14, 2014 - 02:21

A wave of mergers and deals, along with better-than-expected Citigroup results, help to lift stocks. Bobbi Rebell reports.

▲ Hide Transcript

View Transcript

M&A Monday on Wall Street. Mergers helping lift the major indexes. All three closing out the day with gains. Among the big deals - It looks like Abbvie will finally get the ok from its takeover target Shire after it raised its offer to $53 billion. The deal, one of the latest largely tax driven marriages, Abbvie could cut its U.S. tax bill by moving its tax base to the UK. Mylan Labs is buying Abbott Labs, specialty and branded generics business outside the U.S. That all stock deal is valued at about $5.3 billion. And shares of both engineering design firm AECOM Tech and URS rose after AECOM said it would pay $4 billion to buy the engineering and construction services firm. Switzerland's Lindt making its biggest acquisition ever buying U.S. candy maker Russell Stover in a billion dollar deal that will make it the third biggest chocolate maker in the U.S., behind Hershey and Mars. Citigroup stock also a winner. Their adjusted quarterly profits were stronger than expected, fixed income performed ahead of forecasts. Also, the bank cleared another hurdle by reaching a $7 billion settlement over its sale of flawed mortgage securities. But even though all that was well received by investors, Citi's future as an investment remains tough to call. Reuters BreakingViews' Antony Currie: SOUNDBITE: ANTONY CURRIE, BREAKINGVIEWS ASSOCIATE EDITOR, THOMSON REUTERS (ENGLISH) SAYING: " I think you've got to work out if you are going to jump into it now, where do I think this bank is going to be in three or four years times. That is the thing because at the moment the four percent increase today is all about whether they beat earnings or not, and, also, the settlement is getting past them as well, so you get these occasional pops. I don't see a reason for this bank's stock to go much higher. " eBay just got a little more posh. The online auction site is partnering with high-end auction house Sotheby's and will live stream Sotheby's sales. Turning to Europe - Adidas will pay a record $1.3 billion in a 10-year deal to sponsor soccer team Manchester United. By the way, this past weekend both of the teams in the World Cup final - Germany and Argentina - wore Adidas. As for stocks: the week started off with gains, coming back from their biggest weekly loss in four months.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

M&A Monday means a good day for stocks.

Monday, July 14, 2014 - 02:21

Top News »

Investing 201 »

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

The better bond funds The better bond funds

Wed, Aug 07, 2013 - (2:40)

Best bargain in 40 years? European stocks Best bargain in 40 years? European stocks

Thu, Aug 01, 2013 - (2:24)

Invest like an activist Invest like an activist

Fri, Jul 26, 2013 - (2:49)

Money Clip »

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

“Stalking” your dream home - Money Clip “Stalking” your dream home - Money Clip

Wed, Mar 27, 2013 - (2:50)

3 hidden tax deductions - Money Clip 3 hidden tax deductions - Money Clip

Thu, Mar 21, 2013 - (1:33)

Moving Pictures »

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)