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Market Update : 
MGIC Investment Buys Radian for $4.9 B
Author: Elena Todorova
123jump.com
Last Update: 10:13 AM EST February 06 2007


Wall Street opened slightly higher, with investors awaiting speeches by top Fed Reserve officials. An increase by the oil price provided some boost to energy stocks like Exxon Mobil Chevron Corp. Anadarko Petroleum also advanced on news that its Q4 profit more than doubled. Elsewhere, Bankrate rose 11% after posting 50% profit jump in Q4 on robust advertising on its Web sites. International Securities Exchange rose 9% on news of 51% profit rise in Q4.

 

 

 

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