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Market Update Analysis: 
Foot Locker Bids $1.2 B for Genesco
Author: Elena Todorova
123jump.com
Last Update: 12:06 PM EDT April 20 2007


U.S. markets continued to post gains, benefiting from stronger-than-expected earnings from Dow members like Caterpillar, Honeywell, American Express which boosted the index toward its first assault on the 13,000 mark. The Nasdaq and S&P''s 500 were both at six-year highs. In deal news, the largest U.S. shoes retailer Foot Locker made an unsolicited $1.2 billion bid for Genesco to gain footwear chains including Journeys and Johnston & Murphy.

 

 

 

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