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Market Update : 
Integra Acquires Eschelon Telecom for $566 M
Author: 123jump.com Staff
123jump.com
Last Update: 3:24 PM EDT March 20 2007

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Stocks rose after housing data as the Federal Reserve began its two-day meeting on rates. Stocks also won some support from talk of possible acquisitions. An investment group said it is offering $5.93 billion in cash to take Affiliated Computer Services Inc. private, while speculation arose over media reports on several other deals, that Palm Inc. is a takeover target by not only Nokia Corp. Hancock Fabrics drops 28%.

 
Gold prices rose. Gold traded in London at $654.40 per troy ounce, up from $653.50 late Monday. In Zurich, gold rose to $652.85, up from $651.80. Silver opened in London at $13.13 per troy ounce, down from $13.15.

Currencies

The U.S. dollar was mixed Tuesday against other major currencies in European trading. The euro traded at $1.3284, down from $1.3301 late Monday in New York. Other dollar rates compared with late rates Monday in New York included: 117.77 Japanese yen, up from 117.59; 1.2151 Swiss francs, up from 1.2124. The British pound traded at $1.9556, up from $1.9443.
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