Monday, May 7, 2007

U.S. Stock Futures Are Little Changed; Exxon Falls on Oil, Alcoa Advances

(Bloomberg) -- U.S. stock-index futures were little changed as energy producers fell amid oil's longest stretch of declines since September, offsetting an increase in acquisition offers.

Exxon Mobil Corp. and Chevron Corp., the nation's biggest oil companies, slid after crude oil dropped for a sixth day. Alcoa Inc., the world's largest aluminum company, gained after saying it plans to buy Canadian rival Alcan Inc. for $33 billion. Armor Holdings Inc. surged after BAE Systems Plc agreed to buy the biggest maker of armor for the U.S. military's Humvee vehicles for $4.1 billion.


Read more at Bloomberg Stocks News

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