Sun, Aug 14, 2005 - Page 10 News List

Widening trade deficit depresses Wall Street

AP , NEW YORK

McDonald's sagged US$1.44 to US$33.25 after analysts said the chain was unlikely to sell store locations and other property to rumored suitor Vornado Realty Trust. The stock had risen on Wednesday on reports of a possible deal.

Maytag Corp said it will back an offer by Whirlpool Corp to purchase Maytag for around US$1.7 billion, or US$21 a share, according to published reports. Maytag rose US$0.22 to US$19.01; Whirlpool rose US$3.70 to US$84.40.

The Russell 2000 index of smaller companies fell 6.37, or 0.96 percent, to 660.

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