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In corporate news, General Electric Co. plans to auction off its Louisville, Ky.-based appliances business, according to The Wall Street Journal. GE has hired Goldman Sachs Group Inc. to run an auction for the appliance division, according to the newspaper, which quoted unidentified sources. The sale is seen yielding between $5 billion and $8 billion.
IAC/InterActiveCorp's Ask.com has bought a stable of Internet reference sites that includes Dictionary.com in its latest effort to distinguish itself from online search leader Google Inc. and other much larger rivals. Terms of the deal to acquire Lexico Publishing Group LLC. will be released later Thursday.
Investors are waiting for earnings reports from Blackstone Group, Nordstrom Inc., and JCPenney Co.
Overseas, Japan's Nikkei stock average rose 0.94 percent. In afternoon trading, Britain's FTSE 100 rose 0.22 percent, Germany's DAX index fell 0.12 percent, and France's CAC-40 rose 0.04 percent.
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