Corporate deals and strong profits have impelled stocks higher in recent months, and more of each turned up Tuesday.
Microsoft Inc. Stated it would buy Internet telephone service Skype for $8.5 billion in cash. Companies have developed a record amount of cash since the recess, and they have started to use it to buy rivals, pay dividends and buy back their own stock. Microsoft had $50.15 billion in cash and short-term investments at the end of March.
Large callers would like to put their cash
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