Author: 123jump.com Staff
123jump.com
Last Update: 10:14 AM EDT July 16 2007
Markets in New York traded higher on takeover news, falling dollar, rising crue oil prices and the start of earnings season. Applebees has agreed to be acquired by IHOP for $2.1 billion. McDonalds expects second quarter loss to be 60 cents. Euro traded at record high in Europe at mid-day trading. Korean steelmaker Posco, reported better than expected earnings. Ford is considering to sell Vovlo. Copper gains 1% in London trading.
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