Business & Careers
Health & Wellness
Kitchen Bed Bath
Lawn & Garden
Money & Finance
TechTalk & Innovation
Receive Breaking News updates as they occur
(Reuters) - Hewlett-Packard Co said it would buy Wi-Fi network gear maker Aruba Networks Inc for about $2.7 billion, the biggest deal for the world's No. 2 PC maker since its botched acquisition of Britain's Autonomy Plc in 2011.
Other data on Monday showed factory activity slowed sharply in February, with manufacturers saying a labor dispute at the country's West Coast ports had caused supply chain disruptions. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, slipped 0.2 percent after falling 0.3 percent in December. The dip in January reflected lower gasoline prices, which have weighed on sales receipts at service stations, as well as declines in goods purchases. When adjusted for inflation, consumer spending increased 0.3 percent after December's 0.1 percent dip.
NEW YORK (AP) — The U.S. stock market headed higher on Monday as deals and economic news gave stocks a lift. The Nasdaq briefly touched 5,000, the first time the tech-heavy index has hit that mark in nearly 15 years.