Saturday, May 19, 2007

Stocks surge on corporate takeovers

Stocks surge on corporate takeovers (AP)

Michel DeRosen, , center, President and CEO of ViroPharma Inc., attends the opening bell  at the Nasdaq marketsite with ViroPharma employees on Friday, May 18, 2007 in New York.  ViroPharma is a pharmaceutical company based in Exton, Penn. Stocks surged higher Friday after a reading on consumer sentiment proved stronger than expected. (AP Photo/Mark Lennihan)AP - Stocks surged higher Friday as another round of corporate takeovers prodded investors to continue a largely uninterrupted months-long buying streak. The Dow Jones industrial average registered its 24th record close this year and the Standard & Poor's 500 index came within striking distance of its record high.


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