Wall Street ends up slightly on M&A; Iraq closely watched

[riky]

Wall Street ends up slightly on M&A; Iraq closely watched

<p><a href="http://news.yahoo.com/futures-drop-iraq-turmoil-continues-114835208--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/KaJfDzC1MaTirJR2hhmveA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-06-16T185243Z_3_LYNXMPEA5F0HK_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>By Angela Moon NEW YORK (Reuters) - U.S. stocks closed slightly higher on Monday, supported by a flurry of merger news, but turmoil in Iraq drove oil prices up and kept trading choppy. The United States said it is considering air strikes and cooperation with its arch-enemy, Iran, to help the Iraqi government fend off an Islamist insurgency. &quot;Iraq is an excuse at this point for investors to sell at these levels. &quot;It's a further indication that this is not a market that will just plunge on geopolitical issues.&quot; On the merger front, medical device maker Medtronic Inc agreed to buy Dublin-based Covidien Plc for $42.9 billion and shift its executive headquarters to Ireland in the latest move by U.S. companies to take advantage of lower tax rates abroad.</p><br clear="all"/>

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