US STOCKS-Futures edge up, buoyed by deal activity

April 10, 2015 11:49 AM

60 0

April 10 (Reuters) - U.S. stock index futures edged higher on Friday, getting a lift from news that General Electric will sell nearly all of its real estate portfolio to investors for $26.5 billion in the latest of a spate of recent deal activity.

* The GE move is the biggest commercial real estate deal since Blackstone's acquisition of office landlord Equity Office Properties Trust in 2007 for $39 billion, including debt. GE shares jumped 6.3 percent to $27.36 before the opening bell.

Also read: Priceline, Tencent Join Investors Pumping $4 Billion into Chinese Lifestyle Site

Read more

To category page

Loading...