Thursday, May 31, 2007

U.S. Stocks Rise on Takeovers, Earnings; A.G. Edwards, Ceridian Advance

(Bloomberg) -- Takeovers and earnings that topped
analysts' estimates sent U.S. stocks to a fourth straight day of
gains, extending the market's record-breaking rally.

A.G. Edwards Inc. rose to an all-time high after Wachovia
Corp. said it will buy the company for about $6.8 billion in the
biggest acquisition of a U.S. brokerage firm in almost seven
years. Ceridian Corp. climbed to a record after the provider of
payroll and human resources services agreed to be purchased for
$5.3 billion.


Read more at Bloomberg Stocks News

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