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Stocks Held Back By Plunge In Factory Orders

Wochit 0:56 mins

The stock market is inching higher in early trading as a plunge in factory orders last month made investors cautious. BATS Global Markets Inc and Direct Edge Holdings said they would merge in a deal that would create the second-largest U.S. stock exchange. Financial terms of the transaction, which is expected to close in the first half of 2014, subject to regulatory approvals, were not announced. The next CEO of Microsoft Corp has one big decision to make: press on with retiring chief executive Steve Ballmer's ambitious plan to transform the software giant into a broad-based devices and services company, or jettison that idea and rally resources around its proven strength in business software.

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