Monday, June 11, 2007

U.S. Stocks Rise on Takeover Speculation; Exxon, H&R Block Lead Advance

(Bloomberg) -- U.S. stocks gained after a jump in
oil prices lifted energy producers and investors speculated
companies in the financial services and automotive industries
may be acquisition targets.

Exxon Mobil Corp., the largest oil producer, led the
Standard & Poor's 500 Index higher. H&R Block, the biggest tax
preparer, had its steepest gain in eight-months after UBS AG
said it may receive a leveraged buyout bid.


Read more at Bloomberg Stocks News

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