Tuesday, May 15, 2007

European Auto, Construction Stocks Rise; Nestle, Danone Shares Decline

(Bloomberg) -- Auto and construction stocks rose after DaimlerChrysler AG reported earnings that topped analysts' estimates and Hanson Plc agreed to be bought.

Reuters Group Plc rallied as Thomson Corp. offered 8.7 billion-pound ($17.2 billion) for the 156-year-old news provider. Nestle SA, Unilever NV and Groupe Danone limited gains as Deutsche Bank AG advised cutting holdings in the shares, citing rising prices for milk and cocoa.


Read more at Bloomberg Stocks News

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