U.S. Stocks Rise, S&P 500 Climbs Most in Six Weeks; Dell, Ciena Advance

(Bloomberg) -- U.S. stocks resumed their record-
breaking rally and the Standard and Poor's 500 Index climbed the
most in six weeks on takeovers, earnings that topped analysts'
estimates and signs that economic growth is accelerating.

Real-estate shares led the S&P 500 to three straight records
after Lehman Brothers Holdings Inc. and Tishman Speyer Properties
LP agreed to buy U.S. apartment developer Archstone-Smith Trust
for $13.5 billion. Dell Inc. and Ciena Corp. pushed a gauge of
computer-related shares to the highest since August 2001 after
the companies said profit gains were fueled by rising sales.


Read more at Bloomberg Stocks News

India's Rain Calcining to buy US firm for $595 mln

(Reuters) - The two companies would have total production of more than
2.4 million tonnes and annual sales of $550 million, Rain
Calcining said in a statement on Saturday.




The company said the deal, executed by its U.S-based unit
Rain/CII Holdings, was expected to be sealed later this month.


Read more at Reuters.com Mergers News

US May jobs growth strong, prices muted

(Reuters) - The number of new U.S. jobs climbed by an unexpectedly brisk 157,000 in May, while factory activity improved and consumers remained upbeat, according to data on Friday that suggested the economy was bouncing back.

The May payrolls rise came on a surge of hiring by service businesses and handily outstripped estimates for 130,000 jobs from Wall Street economists surveyed by Reuters, Labor Department data showed.


Read more at Reuters Africa