Monday, June 25, 2007

U.S. Stock-Index Futures Rise; Blackstone, GM Gains as Bear Stearns Falls

(Bloomberg) -- U.S. stock-index futures rose
before a private report that may show home resales fell
last month, giving more room to the Federal Reserve to cut
interest rates.

Blackstone Group LP, the private-equity firm valued at
$38 billion after its initial public offering June 22,
gained in Europe. General Motors Corp. advanced as people
with knowledge of matter said the United Auto Workers union
will end its bid to keep wages at its biggest supplier,
Delphi Corp., at GM levels.


Read more at Bloomberg Stocks News

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