Monday, April 30, 2007

Australian Oil Stocks Advance, Led by Santos; CSL, James Hardie Decline

(Bloomberg) -- Australian oil stocks rose, led by Santos Ltd. after the company said a state government will review its 15 percent limit on individual shareholdings in the company, potentially opening it to a takeover bid.

Companies that rely on global growth, such as CSL Ltd. and James Hardie Industries NV, fell after U.S. consumer spending slowed in March and construction spending eased.


Read more at Bloomberg Stocks News

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