Merger Monday Lift As Medtronic Covidien Deal Buoys Stocks
U S stocks rose modestly on a quiet day led by merger news. Medtronic’s 42.9 billion bid for Covidien pushed shares higher along with Williams Cos and Level 3 Communications as investors eyed oil prices and housing sentiment. The S and P 500 edged up 0.1 percent to 1937.78, the Dow gained 0.03 percent to 16781.01, and the Nasdaq rose 0.2 percent to 4321.11 amid renewed optimism on consolidation and housing data.
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Silver Line opening date eyed for Northern Virginia
Metrorail general manager Richard Sarles said a June 23 opening date for Phase I of the Silver Line may be announced, with service from Reston to Tysons Corner at five new stations. Phase II to Dulles is years away. The project has faced delays since its 2013 target.
MENTIONED IN THIS ARTICLE
Mclean, Va
Washington
Metrorail
Virginia
Richard Sarles
Sarles
Reston
Tysons Corner
Dulles International Airport
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