US stocks rebound following buyout news

US stocks rebounded today after a fresh round of buyout news offered evidence that Wall Street’s liking for dealmaking has not disappeared.

US stocks rebound following buyout news
Mon, 23 Jul, 2007 - 22:34

US stocks rebounded today after a fresh round of buyout news offered evidence that Wall Street’s liking for dealmaking has not disappeared.

Better-than-expected profit news from Merck & Co also boosted the mood on Wall Street, helping it partially recover from a steep sell-off last Friday that was triggered by weak earnings reports and worries about risky subprime home loans.

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CourtsBusinessHeathrowPlace: USOrganisation: Wall StreetOrganisation: Merck & CoOrganisation: StreetOrganisation: TransoceanOrganisation: GlobalSantaFeOrganisation: United RentalsOrganisation: Cerberus Capital Management LPOrganisation: BarclaysOrganisation: ABN Amro Holding NVOrganisation: MerckOrganisation: Nasdaq
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