Tuesday, July 3, 2007

US stock indexes rise on M&A; data eyed

(Reuters) - Wall Street started a holiday-shortened session slightly higher on Tuesday, boosted by the latest takeover news, ahead of data on the manufacturing and housing sectors.

Kraft Foods Inc. is in exclusive talks to buy Danone's biscuit and cereal unit for 5.3 billion euros in cash, the companies said. For details, see ID:nL03276080. Kraft's shares fell 1.3 percent to $35.10.


Read more at Reuters Africa

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