U.S. stocks rose, sending the Standard & Poor’s 500 Index to its highest level in five years, on optimism over dealmaking and data showing rising investor confidence in Germany.
Office Depot (ODP) soared 14% and OfficeMax (OMX) surged 27% as a person familiar with the matter said the companies have discussed a merger and may announce a deal as early as this week.
Stocks rise on investor confidence, merger talks
Most Popular Articles
Latest Articles
Loan buybacks haven’t disappeared, but they are trending down
The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down.