August 10, 2008
Stocks Rise on News of Corporate Deals
Stocks extended their advance Monday on news of dropping oil prices and a bevy of corporate mergers. Oil prices fell for the third straight day, dropping more than $1 a barrel after Hurricane Dennis missed key Gulf of Mexico refineries and oil companies averted a disruption in fuel supplies.
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MILWAUKEE, Wis. (CP) - Stock in Merge Technologies Inc. (TSX:MRG) rose more than 18.5 per cent Wednesday after the company filed its delayed 2005 annual report and posted a second-quarter loss of $150,000 US.
