Stocks Move Higher, Best Buy Soars

U. S. stocks closed higher on Thursday after the Bank of Japan announced aggressive, market-lifting  policies to jump-start its economy. The Dow Jones industrial average rose 55.76 points, or 0.38 percent, to  14,606.11. The S&P 500 gained 6.29 points, or 0.40 percent, to 1,559.98 and the Nasdaq Composite added 6.38  points, or 0.20 percent, to 3,224.98.

The Bank of Japan unleashed the world’s most intense burst of monetary stimulus on Thursday, promising to
inject about $1.4 trillion into the economy in less than two years, a radical gamble that sent the yen
reeling and bond yields to record lows.

Best Buy soared 16 percent after announcing a plan to put kiosks for the Korean electronics giant Samsung  in its stores.

The “negligent conduct” of Jon Corzine and other officers of the MF Global Holdings Ltd brokerage  contributed to the firm’s dramatic collapse in 2011, according to a report by the bankruptcy trustee.

It appears Deutsche Telekom has finally settled on its response to queries about whether it will raise a  bid by its T-Mobile USA subsidiary for MetroPCS.

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