Monday, July 2, 2007

US STOCKS-Indexes rally on M&A frenzy, factory growth

(Reuters) - Caterpillar Inc. and United Technologies Corp.
led the Dow industrials higher after a surprising
rise in the Institute for Supply Management's factory index to
its highest level in more than a year.




Takeover activity showed few signs of abating despite
concerns about tightening credit. Canada's largest telephone
company, BCE Inc. , agreed to a US$32.6 billion
buyout. For details, see [ID:nN02315411].


Read more at Reuters.com Bonds News

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