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Updated from 10:03 a.m. EDT
U.S. stocks were off their highs but keeping it just barely positive Monday as investors contemplated encouraging earnings from Bank of America (BAC Quote) and a new merger in the pharmaceutical space.
The Dow Jones Industrial Average was roughly flat at 11,494, and the S&P 500 added half a point to 1261. The Nasdaq gained 3 points to 2286.
As for corporate news, Swiss pharmaceutical company Roche made a $43.7 billion offer for the rest of Genentech (DNA Quote). Roche is already a 56% shareholder in the maker of cancer drug Avastin. Genentech shares jumped 13% on the news. ...
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