Author: Elena Todorova
123jump.com
Last Update: 10:13 AM EST November 15 2006
Stocks opened modestly higher, with investors eyeing an $8 billion acquisition bid in the airline sector and awaiting minutes from the Federal Reserve''s meeting last month. Significant strength emerged in the airline sector after US Airways offered to acquire Delta Air Lines for $8 billion in cash and stock. Shares of U.S. Airways climbed 8%. AirTran surged 19% and JetBlue rose 9%, turning in two of the sector''s best performances.
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