U.S. stocks mixed as oil tops $72, rates rise

11:40 am ET Jul 5, 2007

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U.S. stocks mixed as oil tops $72, rates rise

NEW YORK
U.S. stocks were mixed on Thursday, with crude oil prices topping $72 a
barrel and rising bond yields offsetting strong economic data and a $26
billion deal to buy Hilton Hotels Corp.

Hotel shares jump in aftermath of Blackstone's deal for Hilton

NEW YORK
Shares of hotel operators soared early Thursday, playing off the $26
billion buyout announced for Hilton Hotel Corp. -- and the possibility
that there may be more high-profile acquisitions to come in the
hospitality sector.

Economic Report: 150,000 private-sector jobs added in June, ADP says

WASHINGTON
Employment in the U.S. private sector grew by 150,000 in June, the
fastest rate in seven months, according to the ADP employment report
released Thursday.

European Central Bank holds key rate at 4%

LONDON
The European Central Bank kept its key interest rate at 4% on Thursday,
but the central bank hinted of future rate hikes in response to
continued growth in Germany, Italy and other European countries.

Dubai International buys 3.12% stake in Airbus-owner EADS

LONDON
The Dubai government's investment fund, Dubai International Capital, on
Thursday became one of the largest shareholders in Airbus parent EADS,
buying a 3.12% stake in the European aerospace and defense giant.