Author: Elena Todorova
123jump.com
Last Update: 9:22 AM EDT June 04 2007
U.S. stock futures pointed lower on Monday as investors digested another steep decline in Chinese stock prices. Although Shanghai plunged 8%, global markets were not seriously hurt. In corporate news, a number of merger deals were announced early Monday. Health Care Properties agreed to buy U.S. biotech real estate from British Segro for $2.9 billion. Qiagena greed to acquire Digene in a deal worth $1.6 billion.
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