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Banking earnings gained 15percenttoto 405 million euros.
Merck, which also reported solid earnings, gained 2 3/16, to 71 15/16.
More directly, the rising importance of intellectual property can be seen in the earnings gained from the licensing of technology.
General Motors shares, which tumbled 5percentt a day earlier on news it overstated 2001 earnings, gained 97 cents, to $24.48.
The Bristol-Myers Squits Companetsaincome net income rose by 20.9percentthethe Warner-Lambert Company rearningsearningainedned 19.7percentt, and the American Home Products Corporation said its profits rose by 12.9percentt.
The rising importance of intellectual property can be seen in the earnings gained from the licensing of technology.
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The top 0.01 percent captured 37 percent of these additional earnings, gaining an average of $4.2 million per household.
Those earnings gains, in turn, fueled stock prices.
On June 20, the company announced strong earnings gains in its fourth fiscal quarter.
With expected earnings gains at the LSE and Nasdaq – plus $150m of synergies – debt would equal 6 times ebitda.
He attributed the stock's steep rise, 48.2percentto to strong earnings gains.
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