General Motors () will return to the S&P 500 at the end of the trading day Thursday, four years after bankruptcy and a government bailout led to its expulsion. InvestorPlace feature writer Dan Burrows thinks it’s a “symbolic victory” and nothing more, though.
It was announced Tuesday that Salesforce.com () will spend more than $2.3 billion to buy marketing software company ExactTarget (). The deal valued ET shares at $33.75, or more than 50% of their Monday closing price.
In response to the Salesforce purchase, IPO expert Tom Taulli wrote that he thought the move was just the start of M&A activity in the cloud sector. Already, he looks to be right. IBM () — the world’s largest seller of computer services — just agreed to buy
SoftLayer Technologies — a cloud-computing storage provider — for $2 billion.
Zynga () ended 12% in the red Monday after the gaming company announced plans to slash more than 500 jobs — around 20% of its work force — and close three offices. The move will be the largest layoff in the company’s history and should save the mobile gaming company $70 million to $80 million.
Finally, Apple () reportedly has worked out a deal with Warner Music Group, sparking speculation that its iRadio streaming music service , which many think could be bad news for rival Pandora ().
Check out past “6 Stocks in 60 Seconds” clips here.
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