Listen: Jeff Bellinger, Bloomberg And Facebook discussed on 24 Hour News
"We check your money now from the suburban Cadillac of Troy business desk. Our Bloomberg business reports with Jeff Bellinger, stocks advanced for a second session in a row. The key indexes posted gains ranging from four tenths percent to one and a quarter percent. The Dow Jones industrials rose ninety eight points to twenty three thousand five thirty one the NASDAQ closed eighty four points higher the S and P five hundred gained eighteen points. Shares of Facebook closed fraction higher pivotal research. Lowered its target on the social network stock. A pivotal analyst says Facebook's problems will likely worsen this year ally lily is making an acquisition lily is buying Laakso oncology for about eight billion dollars. It is already the second big cancer deal of the year by major pharmaceutical company. Bristol Myers Squibb agreed last week to buy sell, gene. And could it be the end of the line for Sears? The retailer is preparing for the possibility that this will be its last year in business. Sources tell Bloomberg Sears has started laying the groundwork for a liquidation, I'm Jeff Bellinger. With the Bloomberg business report on W, W J NewsRadio nine fifty closing numbers. For stocks local interests, General Motors gaining three percents to close at thirty four thirty six a share. It was at Chrysler up a dime to thirteen twenty one as Lear corporation jumped more than six dollars or about five percent to one thirty to fifty six traffic and weather coming up next when it comes to taking care of your family."