Monday, July 23, 2007

US STOCKS-Wall St shares jump on deal news, earnings

(Reuters) - Merck & Co. , a Dow component, reported quarterly
results above analysts' expectations. Also on Monday Transocean
Inc. , the world's largest offshore driller, said it had
agreed to buy drilling rig operator GlobalSantaFe Corp.
For details, see [ID:nN23380261].




Also boosting stocks was news of nearly $1 drop in crude
oil futures, pushing New York oil prices back below $75 a
barrel. The decline in oil underpinned gains by big
manufacturers such as 3M Co. , whose stock rose 1.1
percent to $91.23.


Read more at Reuters.com Bonds News

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