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Who's Afraid of the Fiscal Cliff? Stocks Soar

Republic Services (RSG) shares increased 1.2% as Cascade Investments raised its stake in the provider of services in the domestic non-hazardous solid waste industry to 23%.

BP's (BP) American Depositary Receipts rose 3% amid reports that the oil giant plans to spend as much as $5.9 billion repurchasing its stock.

Shares of Tyson Foods jumped 10.9% after the company posted better-than-estimated fourth-quarter earnings as strength returned to its chicken business.

News Corp (NWSA) is expected to announce this week that it will acquire a 49% stake in the YES Network from the New York Yankees and its partners, according to Reuters, which cited a person with knowledge of the talks. The deal would value the sports channel at $3 billion, Reuters said. Shares advanced 2.9%.

-- Written by Andrea Tse and Joe Deaux in New York.



>To contact the writer of this article, click here: Andrea Tse.

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