Stocks Swell on Deal to Avert 'Fiscal Cliff'; Dow Surges 308 Points
Cablevision( CVC) and Viacom( VIA) have reached a long-term agreement that ensures no disruption of Viacom programming for Cablevision customers, according to the New York Post . Cablevision shares rose 1.8% and Viacom shares climbed 6.4%.
Magnum Hunter Resources ( MHR) shares spiked 4% as the independent oil and gas company announced a new joint operating agreement with privately held Eclipse Resources , further expanding its Marcellus and Utica leasehold position in Ohio.
-- Written by Andrea Tse and Joe Deaux in New York.
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