Pulitzer Shares Up on Possible Sale
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Shares of newspaper publisher Pulitzer Inc. (PTZ) jumped as much as 18 percent on Monday after it said it hired Goldman Sachs as a financial adviser to explore a possible sale of the company.
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Stocks rose on Tuesday, helped by another round of proposed takeovers and a report showing a stronger-than-expected reading in consumer confidence.
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Newspaper publisher Pulitzer Inc.  PTZ.N is considering a sale of the company that could attract  bids of up to $1.5 billion, sources familiar with the matter  said on Friday.
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Private-equity firm Apollo Management  raised its offer for U.S. chemical company Huntsman Corp.   by 75 cents a share Sunday night to $28 a share, The  Wall Street Journal Online reported on Monday.
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Shares of Alcan Inc. rose after reports of possible takeover offers from Norsk Hydro ASA and Rio Tinto Group raised expectations of a bidding war with Alcoa Inc. for the Canadian aluminum producer.
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Shares in Havas rose sharply in early trade, extending last week's gains, on persistent speculation that the French advertising company could become a takeover target of British group WPP, dealers said.
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Newspaper publisher Pulitzer Inc. confirmed on Sunday it hired a financial adviser to help it explore strategic options, including a possible sale of the company.
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Shares rallied on speculation that global demand for commodities and higher raw-material prices may fuel more takeovers.
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Acorda's shares zoomed up, but potential investors should be cautious.
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Retailer Woolworths sees its shares rise more than 20% after private equity group Apax says it is considering a takeover bid.
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Shares in global news and information provider Reuters Group Plc rose to their highest level since April after a report Thursday that the firm may sell its U.S. electronic trading subsidiary, dealers said.
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Shares in media group Emap  jumped on Monday on speculative interest as some investors took the view that a counter-bidder may pitch for the company's specialist publishing and conferences assets.
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The New York Times Co  reported a 6.7 percent rise in profit on Tuesday because of higher national advertising sales and a price increase for its flagship newspaper, sending its shares up as much as 8 percent.
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Shares of Time Warner Inc TWX.N rose  2 percent on Tuesday after a report that the world's largest  media company was near a settlement with regulators that could  limit potential shareholder lawsuits over probes into  accounting at its America Online unit.
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NEW YORK (CBS.MW) -- Shares in Caterpillar rose in late trading Tuesday after the heavy equipment maker said continued strength in worldwide machine and engine sales would boost 2004 sales higher than previously estimated.
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The newspaper publisher Pulitzer is considering whether to sell, which could attract bids of up to $1.5 billion, bankers close to the negotiations said over the weekend.
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Stocks opened higher on Friday after   news that U.S. consumer prices rose in line with market   expectations in August and Adobe Systems Inc. ADBE.O reported   a stronger-than-expected profit.