Monday, July 16, 2007

U.S. Stock Futures Rise After New York Manufacturing Data Beats Forecasts

(Bloomberg) -- U.S. stock-index futures rose after
a gauge of manufacturing in New York state climbed to the
highest in a year.

McDonald's Corp. advanced after the world's largest
restaurant company reported profit from continuing operations
that topped analysts' estimates. Eaton Corp., the second-
biggest maker of hydraulic equipment, gained after boosting its
full-year earnings forecast. Verizon Communications Inc., the
second-largest U.S. phone company, jumped on a report it may be
the target of a $160 billion takeover bid.


Read more at Bloomberg Stocks News

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