NEW YORK (Reuters) - Apple Inc (AAPL.O), the largest U.S. company by market value, will join the storied Dow Jones industrial average .
The U.S. trade deficit in January dropped sharply as both exports and imports fell. The Commerce Department said Friday that the deficit fell 8.3% to $41.8 billion in January from $45.6 billion in December.
... * Feb payrolls top expectations. * International trade deficit narrows. * Foot Locker climbs in premarket after results. * Bank of America climbs after Fed stress tests.
Form an orderly line. AbbVie will pay $21 billion, with 58% in cash and the remainder in stock, to buy Pharmacyclics , a biotech company worth $10 billion only a year ago.
Mercedes-Benz said today it plans to spend $500 million to build a new plant in Charleston, S.C., so it can assemble its next-generation Sprinter commercial van there, providing more evidence that the commercial van segment in the U.S.