US STOCKS-Indexes rise on M&A; data eyed

(Reuters) - NEW YORK, July 3 - Wall Street started a
holiday-shortened session slightly higher on Tuesday, boosted
by the latest takeover news, ahead of data on the manufacturing
and housing sectors.




Kraft Foods Inc. is in exclusive talks to buy
Danone's biscuit and cereal unit for 5.3 billion
euros in cash, the companies said. For details,
see [ID:nL03276080]. Kraft's shares fell 1.3 percent to
$35.10.


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