MCI shares climb on takeover bid
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Shares in MCI climb on speculation that rival phone firm Qwest has tabled a $6.3bn takeover offer.
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Shares of McDonald's Corp. MCD.N  rose nearly 4 percent before the bell on Thursday after a  brokerage raised its third-quarter earnings per share outlook  for the world's largest restaurant.
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Verizon Communications Inc. announced this morning that it has agreed to buy MCI Inc. in a deal it valued at $6.7 billion in cash, stock and special dividends. -The Washington Post
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Multiple bids could drive the company's stock even higher.
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Stock futures rose on Monday, boosted by a flurry of deal news including a report that BHP Billiton has revived plans for a $40 billion takeover of aluminum producer Alcoa Inc. .
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U.S. stock indexes rose on Monday as takeover news and strong profits from blue-chip companies, including Merck & Co. , reassured investors after Friday's sell-off.
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Shares of DaimlerChrysler climbed yesterday after media reports that General Motors was in talks to buy the German firm's Chrysler division.
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Says money is for property, plant and equipment; approves quarterly dividend of 40 cents per share. NEW YORK  - MCI, Inc.
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Shares rose on Monday after an investment deal raised hopes that wealthy foreign investors would come to the rescue of Americaâs ailing investment firms.
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SYDNEY (Dow Jones)--Woolworths Ltd. (WOW.AU) raised its takeover offer for Australian Leisure &amp; Hospitality Group Ltd. (ALH.AU) for the third time Monday as it bet
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Stocks rose on Monday, boosted by takeover news in the telecommunications sector.
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Mining stocks made gains on Thursday amid talk of further M&A activity.
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Telecommunications provider MCI Inc. moved Thursday to strengthen its position in a key industry segment, acquiring Herndon-based NetSec, a provider of network security to corporate and government clients.
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Shares of WMC Resources Ltd., the world&#39;s fifth-largest nickel metal producer, rose on optimism Xstrata Plc. will need to raise its A$7.4 billion ($5.8 billion) hostile bid and that other companies may submit higher offers.
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SHARES in grocery wholesaler Metcash Trading jumped 14.6 per cent yesterday as investors welcomed its surprise takeover bid for Foodland Associated&#39;s Australian operations.
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A private buyout firm that had said it was seeking to take control of MCI Inc. has sold its 5 percent stake in the long-distance giant for a $20 million pretax profit.-The Washington Post
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Shares of McDonald&#39;s Corp. rose about 1.5 percent Tuesday as investors bet that the turnover in the restaurant chain&#39;s top post announced late Monday would not interrupt the progress of a nearly two-year-old turnaround.