Tuesday, May 22, 2007

U.S. Stock-Index Futures Rise; MGM, Fremont General Shares Lead Advance

(Bloomberg) -- U.S. stock-index futures climbed after
billionaire Kirk Kerkorian said he will consider ``alternatives''
for his 56 percent stake in MGM Mirage, reinforcing speculation
that mergers and acquisitions will keep boosting share prices.

MGM, the world's second-largest casino company, surged after
Kerkorian's Tracinda Corp. said it plans to buy two of the
company's Las Vegas properties and is studying options including
a ``financial restructuring'' for the rest of the company.
Fremont General Corp. jumped after the California bank ordered by
regulators to stop writing mortgages said it will sell its
commercial real-estate unit.


Read more at Bloomberg Stocks News

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