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U.S. Stocks Surge on AT&T and Time Warner Deal; TD Ameritrade to Buy Scottrade

U.S. stocks rose on a busy merger Monday.
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U.S. stocks rose on a busy merger Monday. Over the weekend, AT&T (T) - Get Report agreed to buy Time Warner (TWX) for $85.4 billion. Time Warner owns media assets such as HBO, CNN and TBS. The deal is reminiscent of Comcast's (CMCSA) - Get Report 2011 acquisition of NBCUniversal. Analysts say the deal shows just how powerful content players are. TD Ameritrade (AMTD) - Get Report is set to purchase Scottrade, the online brokerage firm, for $4 billion in cash and stock. TD Ameritrade expects $450 million in annual cost savings after the merger. Apparel company V.F. Corp. (VFC) - Get Report , the maker of Timberland and North Face products, posted third quarter earnings of $1.20 a share, eclipsing Wall Street's estimates of $1.15. Revenue fell 1% year over year to $3.5 billion, missing estimates of $3.63 billion. TheStreet's Scott Gamm reports from Wall Street.

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