Monday, 25 June 2007

U.S. Stock-Index Futures Rise; Blackstone, GM Gain as Bear Stearns Falls

(Bloomberg) -- U.S. stock-index futures rose before
a private report that may show home resales fell last month,
giving more room to the Federal Reserve to cut interest rates.

Blackstone Group LP, the private-equity firm valued at $38
billion after its initial public offering June 22, gained in
Europe. General Motors Corp. advanced as people with knowledge of
the matter said the United Auto Workers union will end its bid to
keep wages at its biggest supplier, Delphi Corp., at GM levels.


Read more at Bloomberg Stocks News

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