NEW YORK – Corporate deals are helping to lift stock prices after six straight weeks of declines.
Wendy's/Arby's Group Inc. said it would sell control of its Arby's business to a private equity firm that owns several other quick-service franchises, including Moe's Southwest Grill and Auntie Anne's.
VF Corp., whose brands include Wrangler and The North Face, said it would buy boot maker Timberland for more than $2.2 billion.
The deals announced Monday bolstered investors' confidence in the market following a string of reports on housing, manufacturing and jobs that suggested the recovery was slowing down.
The Dow Jones industrial average is up 13 points, or 0.1 percent, at 11,967 at midday.
The Standard & Poor's 500 is up 2, or 0.1 percent, at 1,273. The Nasdaq index is flat at 2,642.
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