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NEW YORK (AP) - U.S. stocks headed for a higher open Friday ahead of the Labor Department reports on nonfarm payrolls and unemployment due before the start of trading.
Besides economic and earnings data, which have helped drive stocks higher, Wall Street received a boost from fresh corporate takeover news. Microsoft has renewed talks to take over Yahoo Inc., according to a report in the New York Post. Also, Reuters Group PLC said Friday it had received a preliminary takeover offer, and a British investment firm said Thomson Corp., the financial data provider, was a front-runner to buy the company.
In premarket trading, Microsoft was quoted at $30.74, down 25 cents from its Thursday close of $30.97. Yahoo was changing hands at $32.26, up $4.08 from its close of $28.18 Thursday.
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