US stocks higher as Microsoft buys Skype

US stocks opened higher Tuesday, extending Monday’s gains after jumps in European and Asian markets and encouraged by Microsoft’s $8.5 billion deal to buy Skype. At 1400 GMT the Dow Jones Industrial Average was up 47.38 points (0.37 percent) at 12,732.06. The broader S&P 500 index gained 6.10 points (0.45 percent) at 1,352.39, while the [...]