Friday, July 13, 2007

U.S. Stock Indexes Extend Records; GE, Amgen Shares Advance on Buybacks

(Bloomberg) -- U.S. stock indexes rose to records
for a second day after companies announced at least $20 billion
in share buybacks and a surge in oil prices boosted energy
producers.

General Electric Co., Amgen Inc. and Paychex Inc. gained
after revealing plans to repurchase shares. Exxon Mobil Corp.
and ConocoPhillips led energy shares to a second straight peak
after oil climbed above $73 a barrel.


Read more at Bloomberg Stocks News

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