Summary Box: Stocks rise after acquisition flurry

AP News
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Posted: Aug 15, 2011 6:10 PM
Summary Box: Stocks rise after acquisition flurry

THE SPARK: Google said it will buy wireless phone maker Motorola Mobility Holdings for $12.5 billion in cash. Time Warner Cable, Cargill and Transocean also announced purchases of more than $1 billion each. It was the busiest day for acquisitions since July 11. A report also showed that Japan's economy shrank less than feared following the March 11 earthquake and tsunami.

THE RESULT: The Dow Jones industrial average rose 213.88 points, or 1.9 percent, to 11,482.90. It has gained 762.96 points since Thursday. That's the best three-day point gain since it rose 927.18 in November 2008, during the depths of the financial crisis. The Dow is also up 7.1 percent over the three days, the biggest percentage gain since it rose 9.5 percent the first three days of the bull market in March 2009.

WHAT'S ON DECK: Leaders of France and Germany meet Tuesday to discuss Europe's debt problems. Spain and other countries have borrowed so much that they may need help to repay their bills. Investors on Tuesday will get an update on how Spain's economy did during the second quarter. In the United States, Wal-Mart Stores and Saks will report quarterly earnings with other retailers.