Greek Officials Ratify Austerity Measures, Stocks Rally (GOOG, MCD)

After tense opposition at the end of last week, the Greek Parliament finally ratified the austerity measures necessary to get the latest bailout package that European officials agreed upon. Major indices jumped between half of and close to 1 percent, with the S$P 500 exceeding $1,350. In corporate news, the European Union approved Google's (GOOG) acquisition of Motorola Mobility, the last step in assuring the acquisition takes place. McDonald's (MCD) meanwhile responded to Humane Society complaints by asking its suppliers to phase out the close confinement of pregnant sows.

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Published on Feb 13, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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