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.

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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