Wednesday, July 11, 2007

U.S. Stock-Index Futures Rise; Yum! Brands, Genentech Gain Before Earnings

(Bloomberg) -- U.S. stock-index futures advanced
as investors speculated that second-quarter earnings will beat
analysts' estimates.

Genentech Inc., the world's largest maker of cancer
medicines, and Yum! Brands Inc. gained before reporting
results. Chaparral Steel Co. jumped after Gerdau Ameristeel
Corp., the U.S. unit of Latin America's biggest steelmaker,
agreed to buy the company for $4.22 billion.


Read more at Bloomberg Stocks News

No comments: