The Washington Times

Stocks edge higher; Dow boosted by McDonald’s

  • **FILE** Italian premier Mario Monti looks down Oct. 24, 2012, during a joint press conference with Austrian chancellor Werner Faymann at Chigi palace at the Premier's office in Rome on Oct. 24, 2012. (Associated Press)**FILE** Italian premier Mario Monti looks down Oct. 24, 2012, during a joint press conference with Austrian chancellor Werner Faymann at Chigi palace at the Premier's office in Rome on Oct. 24, 2012. (Associated Press)
  • A man checks a monitor with stock exchange data as a flower seller approaches him in Milan, Italy, on Dec. 10, 2012. (Associated Press)A man checks a monitor with stock exchange data as a flower seller approaches him in Milan, Italy, on Dec. 10, 2012. (Associated Press)
  • **FILE** A McDonald's logo is seen outside one of the company's restaurants in Chicago near North Side on Oct. 12, 2006. (Associated Press)**FILE** A McDonald's logo is seen outside one of the company's restaurants in Chicago near North Side on Oct. 12, 2006. (Associated Press)
  • **FILE** Trader Peter Tuchman works on the floor of the New York Stock Exchange in New York on Dec. 6, 2012. (Associated Press)**FILE** Trader Peter Tuchman works on the floor of the New York Stock Exchange in New York on Dec. 6, 2012. (Associated Press)
  • **FILE** A sign points to the McDonald's restaurant near the historic Pantheon in Rome on June 28, 2011. (Associated Press)**FILE** A sign points to the McDonald's restaurant near the historic Pantheon in Rome on June 28, 2011. (Associated Press)
  • **FILE** Italian prime minister Mario Monti (left) shakes hands with a UAE official as he arrives Nov. 20, 2012, to the UAE-Italy Business Forum at the Dubai Chamber of Commerce & Industry in Dubai, United Arab Emirates, with Sultan bin Saeed al Mansoori, UAE minister of economy (second left). (Associated Press)**FILE** Italian prime minister Mario Monti (left) shakes hands with a UAE official as he arrives Nov. 20, 2012, to the UAE-Italy Business Forum at the Dubai Chamber of Commerce & Industry in Dubai, United Arab Emirates, with Sultan bin Saeed al Mansoori, UAE minister of economy (second left). (Associated Press)

• Intermec, a maker of barcode printers and radio frequency identification products, jumped $1.85, or 23.2 percent, to $9.83 after it agreed to be acquired by Honeywell for about $603.4 million in cash.

• AIG fell 74 cents, or 2.3 percent, to $33.36 after the insurer said late Friday that it will take $1.3 billion in losses related to Superstorm Sandy, more than other major insurance companies have reported so far. UBS said in a client note that AIG’s Sandy-related losses were above his estimate and cut his price target to $35 from $36.

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