The Dow Jones Industrial gains more than 100 points after the US market open.
Three main corporate news lead to this increase.
The first is that AT&T has reached an agreement to buy Time Warner, a global leader in media and entertainment, for $85.4 billion. This deal would transform the phone company into a media giant. Time Warner’s media lineup includes networks such as CNN, TNT, HBO and Warner Bros. film and TV studio.
TD Ameritrade, the largest U.S. discount brokerage by trade executions, announced it’s buying Scottrade for $4 billion in a two-step deal with TD Bank. TD Ameritrade said it would pay $2.7 billion for Scottrade's brokerage business. Toronto-Dominion Bank, TD's largest shareholder, is acquiring Scottrade Bank for $1.3 billion.
B/E Aerospace, the airplane interior maker, also announced today that it has been bought by Rockwell Collins for $6.4 billion. After this news, its stock has increased about 16 percent.