Stock futures pointed to a higher opening, supported by mergers-and-acquisition activity. Capital One Financial, credit card issuer, announced an agreement to acquire North Fork Bancorp in a cash and stock deal for $14.6 billion, with about $5.2 billion of the amount to be paid in cash. McClatchy Co. agreed to acquire its larger rival, newspaper publisher Knight-Ridder Inc. in cash and stock for $4.5 billion before debt. |
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