Summary Box: Stocks eke out gains after deals

AP News
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Posted: Jun 13, 2011 5:11 PM
Summary Box: Stocks eke out gains after deals

DEALS: Wendy's/Arby's Group Inc. rose nearly 1 percent after the company said it would sell control of its Arby's restaurant business to a private equity firm. And clothing maker VF Corp. jumped 10 percent after agreeing to buy the boot maker Timberland for more than $2.2 billion.

OIL DIP: Energy companies in the S&P index lost 1.4 percent, the biggest move among the 10 industry groups that make up the index, after crude oil dipped nearly $2 to $97.30 a barrel.

THE INDEXES: The Dow gained 1.06 points, or less than 0.1 percent, to close at 11,952.97. The S&P inched up 0.85 point to 1,271.83. The Nasdaq composite lost 4.04 to 2,639.69.