Stocks rise as commodities and takeovers boost markets
Rising commodity prices and takeover talk lift investor optimism. Gold passes 1000 dollars an ounce while oil jumps. a weaker dollar helps. Kraft Foods bids Cadbury while Deutsche Telekom and France Telecom plan to merge UK mobile units. Dow gains 56.07 to 9497.34. S&P 500 up 8.99. Nasdaq up 18.99.
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BofA pressed for details on deal
New York Attorney General Andrew Cuomo demands details from Bank of America by Monday on why it did not disclose Merrill Lynch losses and potential employee bonuses before the January 1 closing. BofA cites legal advice against such disclosure as it weighs possible charges.
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