Author: 123jump.com Staff
123jump.com
Last Update: 3:24 PM EDT March 20 2007
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%.
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