Strong earnings, takeovers send stocks higher
• HealthSpring Inc. jumped 33 percent after Cigna Corp. said it will buy the health insurer for about $3.8 billion in cash. Cigna fell 0.4 percent.
• RightNow Technologies Inc. gained 19 percent after Oracle Corp. said it will buy the tech-service company for about $1.5 billion. Oracle rose 0.8 percent.
• Mattel Inc. rose 2 percent after it agreed to buy Hit Entertainment, the owner of the Thomas & Friends and Barney brands, for $680 million in cash.
• The J.M. Smucker Co. added 1 percent after it bought most of Sara Lee Corp.’s North American food-service coffee operations for about $350 million.
Asian and European markets rose earlier Monday after Japan said its exports grew for a second straight month in September and a report showed China’s industrial production returned to growth in October. Japan’s Nikkei 225 index rose 1.9 percent, Hong Kong’s Hang Seng index was up 4.1 percent, and South Korea’s Kospi index rose 3.3 percent.