NEW YORK -- Stocks closed higher Monday as investors brushed off fears that an antitrust ruling against Microsoft will stall the company's growth or hamper the technology sector.
The Dow Jones industrial average, which has included Microsoft for only a week, rose 14.37 to close at 10,718.85. The Nasdaq composite index, which also lists Microsoft, rose 41.68 to 3,143.97, its seventh-straight record high.
Declining issues outnumbered advancers by a 5-to-4 margin on the New York Stock Exchange where volume totaled 797.36 million shares.
Court OKs Zenith reorganization
CHICAGO -- Zenith Electronics Corp., longtime maker of one of America's most recognizable name brands, is emerging from Chapter 11 bankruptcy to become a subsidiary of one of the competitors that nearly drove it into extinction.
The U.S. Bankruptcy Court in Wilmington, Del., has approved Zenith's prepackaged reorganization plan, the company announced Monday. Now Zenith will become a wholly owned subsidiary of Korea's LG Electronics Inc., which also makes Goldstar products.
Pak Mail franchise plans opening
Pak Mail Centers of America, a Colorado-based franchisor of mail service centers, will open at the Richmond Plaza shopping center at 9 a.m. Wednesday at 3435 Wrightsboro Road.
The store is owned and operated by local couple Jose and Lynnette Rodriguez. The location offers private mail boxes, custom packaging, stationery and overnight shipping services.