Dow Tops 13,300 on Merger News

Alcoa offers to acquire Alcan, keeping the buying spree alive and well on Wall Street

The Dow Jones industrial average sailed through 13,300 to another peak Monday thanks to more deal news. The big one of the day was Alcoa (AA) offered to acquire Alcan (AL) in a $33 billion deal. But the Nasdaq dipped amid losses in Yahoo (YHOO) shares after the search giant denied rumors circulating Friday of merger talks with Microsoft (MSFT).

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