Monday, May 7, 2007

Wall St indexes open higher on Alcoa bid

(Reuters) - U.S. stocks opened higher on Monday, boosted by takeover news after Alcoa Inc. unveiled plans to launch a hostile takeover bid for Canadian rival Alcan Inc.

The Dow Jones industrial average was up 29.50 points, or 0.22 percent, at 13,294.12. The Standard & Poor's 500 Index


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