NEW YORK (AP) — Stocks are rising modestly following the death of Osama bin Laden and several strong earnings reports.
President Barack Obama said late Sunday that bin Laden, the al-Qaida chief who masterminded the Sept. 11, 2001 attacks, had been killed by American forces in Pakistan. That helped raise investors' confidence Monday.
Dish Network, Chrysler Group and Humana reported strong earnings. Israeli drug maker Teva Pharmaceutical Industries also said it would buy narcolepsy drug maker Cephalon for $6.8 billion.
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