U.S stocks fall after North Korea's nuclear test

Quotes & News:
11:40 am ET Oct 9, 2006

DJIA

11,847

-2.65
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S&P

1,350

+0.78
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NASDAQ

2,310

+10.34
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10Yr

4.70%

+0.002

U.S stocks fall after North Korea's nuclear test

NEW YORK -- U.S. stocks fell Monday as the impact of North Korea's
decision to carry out a nuclear test rippled through the financial
markets, with investors also focusing on a $6 bln deal in the banking
sector, broker downgrades for Mastercard and a report of a buyout offer
for Cablevision's minority shareholders.
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Dolans make new bid to take Cablevision private; shares rally

CHICAGO -- Cablevision Systems Corp.'s founding family has offered once
again to take the cable-television operator private, this time in a $7.9
billion deal that's 15% higher than an unsuccessful bid last year.
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PNC Financial to acquire Mercantile Bankshares for $6 billion

BOSTON -- PNC Financial Services Group Inc. said Monday it's agreed to
acquire Mercantile Bankshares Corp. for roughly $6 billion, a move aimed
at broadening the buyer's presence in the mid-Atlantic region.
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Futures Movers: Crude gains on hopes OPEC will confirm cut, N. Korea
test

NEW YORK -- Crude futures rallied Monday as traders waited for the
Organization of the Petroleum Exporting Countries to confirm a
production cut of one million barrels a day, with news that North Korea
has conducted a nuclear test further supporting prices.