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In Europe, borrowing rates for Italy and Spain rose again, the latest signal that bond investors are leery of the finances of those countries. Stocks fell 2 percent in Spain and 0.4 percent in Italy. Benchmark indexes in Germany and France were flat. The U.S. corporate earnings season resumes in earnest this week with reports from major companies that cover a wide span of the economy. On deck Tuesday are Harley-Davidson, Coca-Cola, Goldman Sachs and Johnson & Johnson. Intel and Yahoo also report this week. Other stocks making big moves included: Visa rose $3.06 to $127.15 and MasterCard rose $7.29 to $436.89. The two giant payment processing companies, along with major banks, settled a seven-year old lawsuit with merchants over fees they charge when customers pay with credit cards. Par Pharmaceutical jumped $13.42 to $50. The generic drug maker agreed to be acquired for $1.84 billion in cash by the private investment firm TPG. The offer was a 37 percent premium to Friday's closing price. Yahoo rose 34 cents in after-hours trading to $15.98 after the company named longtime Google executive Marissa Mayer to be its next CEO. Mayer will be the fifth leader the struggling Internet pioneer has had in the past five years. Declining stocks narrowly outpaced rising ones. Volume was light at 2.9 billion shares.
[Associated
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