US stocks close higher

US stocks climbed moderately today as investors looked past widening cracks in the subprime lending sector to another parade of acquisition deals.

US stocks close higher
Mon, 12 Mar, 2007 - 21:12

US stocks climbed moderately today as investors looked past widening cracks in the subprime lending sector to another parade of acquisition deals.

A warning from New Century Financial Corp. early today about its financial woes initially overshadowed acquisition news involving companies such as Dollar General Corp. and Schering-Plough Inc.

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