Stocks open higher following pullback, uneven earnings
2008-04-23 06:38:36 SINA English
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Stocks are modestly higher in the first minutes of trading as investors sift through more earnings reports and take in the news that Liberty Mutual plans to acquire fellow insurer Safeco.
Liberty says it will acquire Safeco for $6.12 billion in a deal to create the country's fifth-biggest property insurer.
Among earnings reports, Boeing Co. says its first-quarter profits rose 38 percent.
The Dow Jones industrial average is up about 14 points at the 12,734 level.
(Agencies)
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