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Gold, Oil Rise; Weak Dollar; Stora Sells Mills |
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Author: 123jump.com Staff
123jump.com
Last Update: 5:14 PM EDT September 21 2007
Stocks in New York rise on 25% increase in earnings from Oracle. Oil and gold traded near their recent peaks but dollar fell against euro to $1.41. Stora Enso of Finland has agreed to sell its eight paper mills in North America to Cerberus for $2.52 billion. Bausch & Lomb shareholders approved $3.7 billion or $65 cash per share bid from Warburg Pincus. Harmon International said that KKR is not likely to complete its buyout of the company, stock lost 22%. Chinese ADRs listed in New York surged. |
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