Hobbs
04-16-2007, 05:55 PM
April 16 (Bloomberg) -- The Standard & Poor's 500 Index surged to its highest in more than six years, catapulted by higher-than-expected bank and drug company earnings and the $25 billion takeover of student-loan provider SLM Corp.
Citigroup Inc. enabled the Dow Jones Industrial Average to erase losses from the Feb. 27 global sell-off after reporting revenue grew the fastest in almost three years. SLM, known as Sallie Mae, jumped the most ever after accepting the bid from a group including JPMorgan Chase & Co. and Bank of America Corp.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aELgFzIHrHS8&refer=home
Citigroup Inc. enabled the Dow Jones Industrial Average to erase losses from the Feb. 27 global sell-off after reporting revenue grew the fastest in almost three years. SLM, known as Sallie Mae, jumped the most ever after accepting the bid from a group including JPMorgan Chase & Co. and Bank of America Corp.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aELgFzIHrHS8&refer=home