WHYY Nightly Business Report June 16, 2014
Stocks notched up slightly and helped by all those mergers and the fact that Oil Prices Held steady at 106 a barrel, despite concerns about fighting in iraq. Heres how things looked at the closing bell. The s p 500 added one points. It was metronics buyout of rival medical device maker covidion that had wall street buzzing today. Shares shot up more than 20 on the takeover news while shares were down 1 . Whats behind the deal and whether there will be more. Metronics acquisition of covidion is part of two trends sweeping the industry. The deal will enable metronics to reincorporate on the emer...