Burger King Up on Talks With Tim Hortons; S&P 500 Finishes Just Shy of 2000
The S&P 500 finished at yet another record high, but ended the day just shy of 2000 at 1997.92. The S&P 500 did however trade above 2000 for the first time ever during part of the day. Burger King's (BKW) shares were up as high as 23% during the trading today on talks of merging with Canadian restaurant chain Tim Hortons. If the merger were to be finalized, Burger King could move their corporate headquarters to Canada and minimize its U.S. tax bill. This merger would also create the world's third largest fast food company.
Word on the Street
- 11 S&P 500 stocks that are still considered a bargain.
- Burger King's (BKW) shares up 23%.
- Amazon (AMZN) may purchase Twitch before Google (GOOG) can.
- S&P 500 tops 2000 for the first time in history.
- Fairchild Semiconductor (FCS) to cut workforce by 15%.
- InterMune (ITMN) to be acquired by Roche for $8.3 billion.
Published on Aug 25, 2014By InvestorGuide Staff