Thursday, July 12, 2007

Asian Stocks Advance to Record on Takeovers, U.S. Retail Sales; BHP Gains

(Bloomberg) -- Asian stocks rose, pushing a regional
benchmark to a record, as takeover speculation increased and
concern eased that consumer spending in the U.S. will slow.

BHP Billiton Ltd. climbed to a new high following Rio Tinto
Group's offer to buy Alcan Inc. Samsung Electronics Co. surged to
a 10-month high after a newspaper reported that billionaire
investor Carl Icahn may be planning a hostile bid for the company.


Read more at Bloomberg Stocks News

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