MarketWatch for Tuesday, June 10, 2014

By CBS News

Published 06/10 2014 06:07AM

Updated 06/10 2014 06:09AM

If you're keeping on top of the markets today, Tuesday, June 10, 2014...

The Nikkei dropped 129 points today in Japan.
The Dow gained 19 Monday.
And the Nasdaq added 15.

The stock market was up Monday as a series of U.S. companies announced important deals.
Family Dollar's stock surged on word that well known investor Carl Icahn has taken a stake in the company.

And in a deal worth 8.5 billion, Tyson foods won it's bid for Hilshire Brands - maker of Jimmy Dean sausages and Ball Park hot dogs.

Pharmaceutical giant Merck has agreed to pay nearly $4 billion dollars for Idenix Pharmaceuticals -- the company that developed a drug for Hepatitis C.

The Supreme Court has turned away appeals from major cigarette manufacturers in favor of Florida smokers who won large damage awards without having to prove that the tobacco companies sold a defective and dangerous product.
The court judgements against big tobacco add up to more than $70-million.

And Time Warner Inc. has announced the complete spinoff of magazine publisher Time Inc. into a separate, publicly traded company. Time Inc. publishes dozens of magazines including Time, Sports Illustrated and Fortune. New York-based Time Warner owns cable tv channel HBO and Warner Brothers Studios.
Time Warner executives say they've spun off the company's publishing arm to focus on producing video content.

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