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Wall Street inches higher on strength in retailers
[Reuters] - U.S. stocks edged up on Tuesday after strong housing figures, retailer earnings and a proposed acquisition lifted those two industry sectors. A. Bank Clothiers Inc (JOSB) surged 11.2 percent to $56.24 after Men's Wearhouse (MW) offered to buy the company for $55 per share in cash. Men's Wearhouse jumped 9.9 percent to $51.73. The PHLX Housing Index (.HGX) rose 2.5 percent after stronger-than-expected figures on building permits for October and a steady rise in housing prices.
http://us.rd.yahoo.com/finance/news...tock-futures-flat-indexes-near-122441425.html
[Reuters] - U.S. stocks edged up on Tuesday after strong housing figures, retailer earnings and a proposed acquisition lifted those two industry sectors. A. Bank Clothiers Inc (JOSB) surged 11.2 percent to $56.24 after Men's Wearhouse (MW) offered to buy the company for $55 per share in cash. Men's Wearhouse jumped 9.9 percent to $51.73. The PHLX Housing Index (.HGX) rose 2.5 percent after stronger-than-expected figures on building permits for October and a steady rise in housing prices.
http://us.rd.yahoo.com/finance/news...tock-futures-flat-indexes-near-122441425.html
