MARKET PULSE-Microsoft, Continental Building Products, Tower Group
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks mostly edged higher on Tuesday, with the S&P 500 briefly rising above 1,900 for the first time and more developments on the deal front helping investors' outlook. The Dow Jones industrial average was up 0.15 percent at 16,720.33, and the S&P 500 was up 0.06 percent at 1,897.81.
** PFIZER INC, $29.141, +0.04 pct
** ASTRAZENECA PLC, $78.38, +0.65 pct
U.S. drugmaker Pfizer hinted it could raise its proposed $106 billion offer if AstraZeneca would only engage in talks, as its boss was grilled by UK lawmakers on his commitment to British research spending and jobs.
In response, AstraZeneca said it would have to consider a compelling offer, but accused Pfizer of an "opportunistic" proposal with a ploy to cut taxes that risked its reputation.
** AT&T INC, $36.15, -1.15 pct
** DIRECTV, $86.6, -0.64 pct Continued...