Tuesday, July 24, 2007

Wall Street indexes rise on M&A news, profits

(Reuters) - U.S. stock indexes gained on Monday as takeover news and strong profits from large-cap companies, such as Merck & Co., reassured investors after a broad sell-off at the end of last week.

Merck, a Dow component, posted quarterly results that beat analysts' expectations while Halliburton Co., the world's No. 2 oil services company, also topped forecasts and its shares rose to their highest since June 2006.


Read more at Reuters Africa

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