Thursday, May 31, 2007

Stock futures edge up on deal news; GDP ahead

(Reuters) - A revised government estimate of change in first-quarter U.S. gross domestic product is due at 8:30 a.m. . After the initial 1.3 percent estimated rise, economists on average expect the annual growth rate to be even lower at 0.8 percent.




U.S. bank Wachovia and A.G. Edwards said they would merge to create a retail brokerage firm with $1.1 trillion in assets. The deal calls for the exchange of 0.9844 shares of Wachovia common stock and $35.80 in cash for each A.G. Edwards share.


Read more at Reuters.com Bonds News

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