Monday, June 18, 2007

US STOCKS-Indexes flat as oil pinches, while M&A rolls on

(Reuters) - NEW YORK, June 18 - U.S. stock indexes were
treading water on Monday as oil prices above $69 a barrel took
a toll on energy-dependent sectors and offset some of the
gains from a fresh round of corporate takeovers.




Adding to the wary mood on Wall Street, the Wall Street
Journal reported that Merrill Lynch & Co. had taken
control of $400 million of loan assets underlying a troubled
hedge fund at Bear Stearns Cos. Inc. that was heavily
invested in subprime loans.


Read more at Reuters.com Market News

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