Stocks are climbing Monday as mergers and acquisitions — led by AT&T’s blockbuster agreement to buy Time Warner — and earnings reports dominate market movement, while positive manufacturing data also gave a boost. AT&T’s shares fell as it agreed to buy Time Warner in an $85.4 billion deal announced this weekend. The telecommunications company still has to pass regulatory approval amid politician’s negative rhetoric surrounding the deal. T-Mobile’s shares jumped after reporting adjusted earnings of 27 cents a share, beating estimates of 21 cents a share. The mobile communications service company said total revenue increase 17.8% to $9.2 billion and it added 2 million customers during the quarter. And in a deal valued at $8.3 billion, including debt, Rockwell Collins agreed to acquire B/E Aerospace . Rockwell Collins is trying to increase its exposure to the commercial aircraft cabin. On the deal news, Rockwell Collins stock fell, while B/E Aerospace shares jumped. TheStreet’s Valerie Young reports from Wall Street.
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