NEW YORK (AP) — Stocks are rising after companies announced a series of acquisitions totaling more than $19 billion.
The Dow Jones industrial average is up 104 points, or 0.9 percent, to 11,375 at midday in New York. The S&P 500 is up 13, or 1.1 percent, to 1,192. The Nasdaq is up 17, or 0.7 percent, to 2,525.
The biggest deal of the day is Google's $12.5 billion purchase of Motorola Mobility Holdings. Time Warner Cable, Cargill and Transocean also announced purchases of more than $1 billion.