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NATIONAL NEWS

Talk of more corporate deals sends stocks higher

Posted: Feb 19, 2013 11:08 AM by Associated Press

NEW YORK (AP) - Talk of more mergers and acquisitions is sending stock prices higher, setting the market up to continue a seven-week rally.

Reports that retailers Office Depot and OfficeMax are discussing a combination come after several big corporate deals were announced in recent weeks. Investors are becoming optimistic that more deals could be on the way as buyers pay premium prices for publicly traded companies.

Google traded above $800 a share for the first time.

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