S&P 500 Futures Erase Gains as Oil Rises; Alltel Climbs on Buyout Offer

(Bloomberg) -- Standard & Poor's 500 Index futures
erased a gain after the price of oil rose, offsetting the
largest leveraged buyout of a telecommunications company.

Alltel Corp., the fifth-biggest U.S. wireless company,
climbed after a $24.7 billion offer from Goldman Sachs Group
Inc. and TPG Inc. Lowe's Cos. fell after the second-largest
home-improvement retailer reported profit that trailed analyst
estimates.


Read more at Bloomberg Stocks News