(Reuters) - NEW YORK, July 12 - U.S. stocks surged on
Thursday, lifting the Dow to a record, as
stronger-than-expected retail sales and takeover speculation
fueled optimism about the economy.
Shares of Alcoa Inc. rose 6.3 percent to $45.10
after climbing to an all-time high of $46.15. Rio Tinto
Ltd/Plc , the Anglo-Australian mining company,
agreed to buy Alcan Inc. , the Canadian aluminum
producer, for $38.1 billion, topping Alcoa's bid.
[ID:nL12644704] Analysts said Alcoa could now be a takeover
target.
Read more at Reuters.com Bonds News
Thursday, lifting the Dow to a record, as
stronger-than-expected retail sales and takeover speculation
fueled optimism about the economy.
Shares of Alcoa Inc. rose 6.3 percent to $45.10
after climbing to an all-time high of $46.15. Rio Tinto
Ltd/Plc , the Anglo-Australian mining company,
agreed to buy Alcan Inc. , the Canadian aluminum
producer, for $38.1 billion, topping Alcoa's bid.
[ID:nL12644704] Analysts said Alcoa could now be a takeover
target.
Read more at Reuters.com Bonds News
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