(Bloomberg) -- European government bonds fell for a second day after a report showed consumer confidence rose more than expected in Germany, underpinning the likelihood of higher interest rates in the euro region.
Benchmark debt slid yesterday after the Ifo institute said its gauge of German business sentiment climbed to the second- highest level on record in April. GfK AG said its confidence index for Germany, Europe's largest economy, rose to 5.5 from 4.4 in April. Economists surveyed by Bloomberg News had expected a reading of 4.7.
Read more at Bloomberg Bonds News
Wednesday, April 25, 2007
Wells Fargo plans A$ 5-year Kangaroo bond-source
(Reuters) - Indicative pricing is around 17 basis points over swap and BBSW, he added. Volume details were not available.
The planned offer is expected to be launched the week of April 30, the portfolio manager said.
Read more at Reuters.com Bonds News
The planned offer is expected to be launched the week of April 30, the portfolio manager said.
Read more at Reuters.com Bonds News
Thailand's Bonds Advance on Rate-Cut Speculation; Baht Is Little Changed
(Bloomberg) -- Thailand's government bonds rose on speculation the central bank will cut rates for a fourth time this year at its meeting next month as economic growth slows. The baht traded at a more than nine-year high.
Ten-year yields are near the lowest in more than three years after the central bank on April 24 cut its growth forecast for this year. The Bank of Thailand may lower its benchmark rate by as much as 50 basis points to 3.5 percent in May, said Thanomsri Fongarunrung, an economist at Phatra Securities in Bangkok.
Read more at Bloomberg Bonds News
Ten-year yields are near the lowest in more than three years after the central bank on April 24 cut its growth forecast for this year. The Bank of Thailand may lower its benchmark rate by as much as 50 basis points to 3.5 percent in May, said Thanomsri Fongarunrung, an economist at Phatra Securities in Bangkok.
Read more at Bloomberg Bonds News
First-Time Unemployment Claims in the U.S. Probably Decreased Last Week
(Bloomberg) -- The number of U.S. workers filing first-time applications for state unemployment benefits probably slipped last week, while remaining at a level that indicates some softening in the labor market.
Initial jobless claims fell by 9,000 to 330,000 in the week ended April 21, according to the median of 40 forecasts in a Bloomberg News survey. Continuing claims, released with a one- week lag, may have dipped lower.
Read more at Bloomberg Bonds News
Initial jobless claims fell by 9,000 to 330,000 in the week ended April 21, according to the median of 40 forecasts in a Bloomberg News survey. Continuing claims, released with a one- week lag, may have dipped lower.
Read more at Bloomberg Bonds News
Biosite says Inverness bids tops Beckman offer
(Reuters) - Inverness has offered to buy 100 percent of the outstanding shares of Biosite common stock that it doesn't already own for $90 per share in cash.
The Inverness offer is irrevocable and will remain open until 11:59 p.m., Pacific Daylight Time, on May 2, the company said.
Read more at Reuters.com Mergers News
The Inverness offer is irrevocable and will remain open until 11:59 p.m., Pacific Daylight Time, on May 2, the company said.
Read more at Reuters.com Mergers News
China's Yuan Falls on Lower Reference Rate, Declines in Won, Taiwan Dollar
(Bloomberg) -- China's yuan dropped after the central bank fixed the reference rate at a weaker level than yesterday's close, signaling it may want the exchange rate to fall along with other Asian currencies.
The currencies of nations such as South Korea and Taiwan, with whom China competes in exports, fell today. Wu Yi, China's most senior trade official, will meet U.S. Treasury Secretary Henry Paulson May 22-24 in Washington for the second of twice- annual talks established last year to improve relations.
Read more at Bloomberg Currencies News
The currencies of nations such as South Korea and Taiwan, with whom China competes in exports, fell today. Wu Yi, China's most senior trade official, will meet U.S. Treasury Secretary Henry Paulson May 22-24 in Washington for the second of twice- annual talks established last year to improve relations.
Read more at Bloomberg Currencies News
JGBs track drop in Treasuries, 2-year auction eyed
(Reuters) - June 10-year futures dipped 0.07 point to 134.10, after falling as low as 134.02 in early trade, with a 1.3 percent gain in the Nikkei share average also weighting on JGBs.
The Ministry of Finance is selling 1.7 trillion yen of two-year JGBs with a coupon of 0.9 percent, the highest since last July.
Read more at Reuters.com Bonds News
The Ministry of Finance is selling 1.7 trillion yen of two-year JGBs with a coupon of 0.9 percent, the highest since last July.
Read more at Reuters.com Bonds News
Asian Currencies: Korean Won Weakens on Wider Deficit, Taiwan Dollar Drops
(Bloomberg) -- South Korea's won fell from a three-month high after a central bank report showed the current account deficit at its widest in 11 months.
The growing deficit means more money is flowing out of South Korea, weighing on the local currency. The won also weakened after a chart some traders use to predict future price movements showed the currency's appreciation may stall.
Read more at Bloomberg Currencies News
The growing deficit means more money is flowing out of South Korea, weighing on the local currency. The won also weakened after a chart some traders use to predict future price movements showed the currency's appreciation may stall.
Read more at Bloomberg Currencies News
Asian Stocks Rise, Led by BHP on Oil, Metals Prices; Honda Gains on Profit
(Bloomberg) -- Asian stocks rose the most in a week as higher crude oil and metals prices drove commodity producers' shares higher and companies including Honda Motor Co. reported improved earnings.
BHP Billiton Ltd., the world's biggest mining company and Australia's largest oil explorer, advanced for a fourth day. Baoshan Iron & Steel Co., China's No. 1 producer of the alloy, led steelmakers higher after announcing profit more than doubled, while Honda was set for its biggest jump in three weeks after reporting earnings that beat analyst estimates.
Read more at Bloomberg Stocks News
BHP Billiton Ltd., the world's biggest mining company and Australia's largest oil explorer, advanced for a fourth day. Baoshan Iron & Steel Co., China's No. 1 producer of the alloy, led steelmakers higher after announcing profit more than doubled, while Honda was set for its biggest jump in three weeks after reporting earnings that beat analyst estimates.
Read more at Bloomberg Stocks News
Consolidated Says Third-Quarter Manganese Output Fell 11 Percent on Rain
(Bloomberg) -- Consolidated Minerals Ltd., which supplies 10 percent of the world's high-grade manganese, said third-quarter production of the ore used in steelmaking fell 11 percent due to rain.
The company produced 196,256 tons of the ore from its mines in Western Australia, down from 220,351 tons a year ago, Perth- based Consolidated said today in a statement to the Australian Stock Exchange. It expects to reach its full-year production target of between 900,000 and 925,000 tons.
Read more at Bloomberg Commodities News
The company produced 196,256 tons of the ore from its mines in Western Australia, down from 220,351 tons a year ago, Perth- based Consolidated said today in a statement to the Australian Stock Exchange. It expects to reach its full-year production target of between 900,000 and 925,000 tons.
Read more at Bloomberg Commodities News
Siemens CEO resigns, leadership vacuum grows
(Reuters) - Kleinfeld said he was unwilling to tolerate further uncertainty about his and the company's future after divisions among Siemens board members about whether to renew his contract became public in the last few days.
"In times like these, the company needs clarity about its leadership. I have therefore decided not to make myself available for an extension of my contract," Kleinfeld said in a statement. "The company must have complete freedom of action."
Read more at Reuters.com Business News
"In times like these, the company needs clarity about its leadership. I have therefore decided not to make myself available for an extension of my contract," Kleinfeld said in a statement. "The company must have complete freedom of action."
Read more at Reuters.com Business News
South Korean Won Declines as Report Shows Wider Current Account Deficit
(Bloomberg) -- South Korea's won fell from near the highest in more than three months after a central bank report showed the current account deficit widened to an 11-month high in March.
The growing deficit means more money is flowing out of South Korea, weighing on the local currency. The won also weakened after a chart some traders use to predict future price movements showed the currency's appreciation may stall.
Read more at Bloomberg Currencies News
The growing deficit means more money is flowing out of South Korea, weighing on the local currency. The won also weakened after a chart some traders use to predict future price movements showed the currency's appreciation may stall.
Read more at Bloomberg Currencies News
Hyundai Heavy, Korean Airlines, Lotte Shopping: South Korea Stock Preview
(Bloomberg) -- The following shares may rise or fall in South Korea. Prices refer to the previous close. This preview includes news announced after markets shut yesterday. Stock symbols are in brackets after the company names.
The Kospi index dropped 0.7 percent to 1545.55. The Kosdaq fell 1.2 percent to 683.66. Kospi 200 futures expiring in June retreated 0.6 percent to 200.00, while the underlying index lost 0.8 percent to 198.43.
Read more at Bloomberg Stocks News
The Kospi index dropped 0.7 percent to 1545.55. The Kosdaq fell 1.2 percent to 683.66. Kospi 200 futures expiring in June retreated 0.6 percent to 200.00, while the underlying index lost 0.8 percent to 198.43.
Read more at Bloomberg Stocks News
Telefonica, PT say held talks on Vivo, deny accord
(Reuters) - In a separate statement to the exchange, Portugal Telecom said the talks involved strategic alternatives for Brasilcel and also how to improve Vivo's business.
Brasilcel, which is jointly owned by Portugal Telecom and Telefonica, controls Brazil's largest mobile phone company Vivo .
Read more at Reuters.com Mergers News
Brasilcel, which is jointly owned by Portugal Telecom and Telefonica, controls Brazil's largest mobile phone company Vivo .
Read more at Reuters.com Mergers News
Ryland Group posts first quarter net loss
(Reuters) - The company reported first-quarter loss of $24.4 million, or 58 cents per share, versus a profit of $90.0 million, or $1.86 per share a year earlier.
) Keywords: RYLAND RESULTS/
Read more at Reuters.com Market News
) Keywords: RYLAND RESULTS/
Read more at Reuters.com Market News
Brazil Real Rises Buoyed By Better-Than-Expected Inflation Data For April
(Bloomberg) -- Brazil's real strengthened after a government report showed prices rose at a slower pace than expected, boosting confidence in the value of local assets.
``The inflation data only reaffirms the strength of local assets,'' said Joao Prado at Agora Corretora in Rio de Janeiro. ``Inflows are supporting the real and all local factors point to further gains in the currency.''
Read more at Bloomberg Currencies News
``The inflation data only reaffirms the strength of local assets,'' said Joao Prado at Agora Corretora in Rio de Janeiro. ``Inflows are supporting the real and all local factors point to further gains in the currency.''
Read more at Bloomberg Currencies News
Freddie Mac's portfolio grew 8.4 pct in March
(Reuters) - Freddie Mac's duration gap, an interest rate risk measure, stayed at zero months, unchanged from the previous month.
A zero duration gap indicates that Freddie Mac's payments to its debtholders matches income the company receives on its assets.
Read more at Reuters.com Bonds News
A zero duration gap indicates that Freddie Mac's payments to its debtholders matches income the company receives on its assets.
Read more at Reuters.com Bonds News
RBS says economic backdrop favourable
(Reuters) - In a statement from an annual shareholder meeting, RBS also said it would "act prudently but with great determination" in its pursuit of ABN, "and will only proceed if it is in the best interests of our shareholders to do so."
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
US RATE FUTURES-Pare losses after new home sales
(Reuters) - New single family home sales in March rose by 2.6 percent to an annualized 858,000 unit pace. January and February sales were revised down as well.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
TREASURIES-Bonds flat after mixed durables, housing data
(Reuters) - NEW YORK, April 25 - U.S. government bond prices traded flat on Wednesday after fresh signs of housing market weakness offset a stronger-than-expected durable goods report.
Benchmark yields remained near their April lows that were hit on Tuesday, when broadly weak housing and consumer confidence data raised expectations of an official interest rate cut this year to counter a slowing economy.
Read more at Reuters.com Bonds News
Benchmark yields remained near their April lows that were hit on Tuesday, when broadly weak housing and consumer confidence data raised expectations of an official interest rate cut this year to counter a slowing economy.
Read more at Reuters.com Bonds News
UPDATE 2-Venezuela sets Orinoco oil talks with companies
(Reuters) - A government source said the OPEC nation, which is on a nationalization drive this year, reached the agreement to be signed later on Wednesday with five of the six companies involved but had not struck that deal with Conoco Phillips .
When asked if Conoco would attend a ceremony on Wednesday for companies to sign the accord, a spokeswoman in Venezuela said Conoco had no comment.
Read more at Reuters.com Bonds News
When asked if Conoco would attend a ceremony on Wednesday for companies to sign the accord, a spokeswoman in Venezuela said Conoco had no comment.
Read more at Reuters.com Bonds News
Durable goods orders up, investment strong
(Reuters) - The pickup in March durable goods orders followed a revised 2.4 percent February gain, the Commerce Department report showed, and handily surpassed Wall Street economists' expectations for a 2.5 percent increase.
Even excluding transportation goods, which account for more than a quarter of overall business, March orders were up 1.5 percent after declining 0.4 percent in February.
Read more at Reuters.com Business News
Even excluding transportation goods, which account for more than a quarter of overall business, March orders were up 1.5 percent after declining 0.4 percent in February.
Read more at Reuters.com Business News
Estee Lauder files $750 mln shelf offering
(Reuters) - The company said it intends to use the proceeds for general corporate purposes, including repayment of debt, acquisitions and buyback of Class A common stock, among other things.
Under a shelf registration filed with the U.S. Securities and Exchange Commission, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale.
Read more at Reuters.com Government Filings News
Under a shelf registration filed with the U.S. Securities and Exchange Commission, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale.
Read more at Reuters.com Government Filings News
WRAPUP 1-U.S. durable goods orders up, investment strong
(Reuters) - The pickup in March durable goods orders followed a revised 2.4 percent February gain, the Commerce Department report showed, and handily surpassed Wall Street economists' expectations for a 2.5 percent increase.
Even excluding transportation goods, which account for more than a quarter of overall business, March orders were up 1.5 percent after declining 0.4 percent in February.
Read more at Reuters.com Economic News
Even excluding transportation goods, which account for more than a quarter of overall business, March orders were up 1.5 percent after declining 0.4 percent in February.
Read more at Reuters.com Economic News
ABN invites consortium to meeting on rival bid
(Reuters) - "In that spirit, we have invited them for a meeting in Amsterdam today."
RBS, Spain's Santander and Dutch-Belgian bank Fortis have proposed a 72 billion-euro bid for ABN, equal to 39 euros per share, threatening Barclays' all-share bid announced on Monday of about 64.8 billion euros, or 35 euros per share at current market prices.
Read more at Reuters.com Mergers News
RBS, Spain's Santander and Dutch-Belgian bank Fortis have proposed a 72 billion-euro bid for ABN, equal to 39 euros per share, threatening Barclays' all-share bid announced on Monday of about 64.8 billion euros, or 35 euros per share at current market prices.
Read more at Reuters.com Mergers News
UPDATE 1-ISS recommends electing Icahn to Motorola board
(Reuters) - Billionaire investor Icahn, who has roughly a 3 percent stake in Motorola, is involved in a proxy battle with Motorola, having asked shareholders to flout Motorola's recommendation and vote for him at the company's May 7 annual meeting.
ISS cited Icahn's track record for creating shareholder value across diverse industries, for its recommendation.
Read more at Reuters.com Mergers News
ISS cited Icahn's track record for creating shareholder value across diverse industries, for its recommendation.
Read more at Reuters.com Mergers News
Triad Hospitals says clears anti-trust hurdle
(Reuters) - The company said the waiting period for the merger under the Hart-Scott-Rodino Act expired on April 23.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
UPDATE 1-ISE earnings up 34 pct on options demand
(Reuters) - First-quarter net income at the New York-based electronic exchange rose to $16.7 million, or 42 cents per share, from $12.4 million or 32 cents a share a year earlier.
That fell short of the average analysts' forecast of 45 cents per share, according to Reuters Estimates.
Read more at Reuters.com Market News
That fell short of the average analysts' forecast of 45 cents per share, according to Reuters Estimates.
Read more at Reuters.com Market News
Genzyme earnings rise on higher drug sales
(Reuters) - Excluding one-time items, the company earned 78 cents a share. Analysts on average had expected 74 cents, according to Reuters Estimates.
The company boosted its 2007 earnings forecast to a range of $3.20 to $3.30 a share, from a previous forecast of $3.05 to $3.15.
Read more at Reuters.com Market News
The company boosted its 2007 earnings forecast to a range of $3.20 to $3.30 a share, from a previous forecast of $3.05 to $3.15.
Read more at Reuters.com Market News
Boeing profit up on jet deliveries, holds forecast
(Reuters) - By Bill Rigby
NEW YORK, April 25 - Boeing Co. said on Wednesday first-quarter profit rose a greater-than-expected 27 percent, helped by higher commercial airplane deliveries and sales of military equipment.
Read more at Reuters.com Market News
NEW YORK, April 25 - Boeing Co. said on Wednesday first-quarter profit rose a greater-than-expected 27 percent, helped by higher commercial airplane deliveries and sales of military equipment.
Read more at Reuters.com Market News
America Movil, Brasil Telecom, CSN, Klabin, Walmex: Latin Equity Preview
(Bloomberg) -- The following stocks may make significant gains or losses in Brazil and Mexico today. Symbols are in parentheses after the company name, and stock prices are from the last session. In Brazil, preferred shares are the most commonly traded class of stock.
Brazil
Read more at Bloomberg Stocks News
Brazil
Read more at Bloomberg Stocks News
Carry trade unwinding risk to markets - S.Africa c.bank
(Reuters) - The possible unwinding of yen carry trades could be a risk for South Africa's markets but the financial system was in a better position to handle such shocks than previously, the central bank said on Wednesday.
The Reserve Bank also said in its quarterly Financial Stability Review that while domestic debt levels were high there was no "fragility" in the household sector's balance sheets.
Read more at Reuters Africa
The Reserve Bank also said in its quarterly Financial Stability Review that while domestic debt levels were high there was no "fragility" in the household sector's balance sheets.
Read more at Reuters Africa
Valeo keeps options open as funds circle firm
(Reuters) - By Marcel Michelson
PARIS, April 25 - Valeo said a request for eight board seats from biggest investor, Pardus Capital Management, was "excessive" but added it was open for discussions with Pardus and continued talks with private equity funds.
Read more at Reuters.com Mergers News
PARIS, April 25 - Valeo said a request for eight board seats from biggest investor, Pardus Capital Management, was "excessive" but added it was open for discussions with Pardus and continued talks with private equity funds.
Read more at Reuters.com Mergers News
WPP eyeing Web ad company 24/7 Real Media -report
(Reuters) - The paper cited analysts as saying 24/7 Real Media could sell for more than $600 million.
WPP and 24/7 Real Media were not immediately available for comment.
Read more at Reuters.com Mergers News
WPP and 24/7 Real Media were not immediately available for comment.
Read more at Reuters.com Mergers News
U.K.'s FTSE 100 Rallies; Sainsbury Surges After $2.8 Billion Block Trade
(Bloomberg) -- U.K. stocks rallied for the first time in three days. J Sainsbury Plc surged following a trade equaling more than 14 percent of the supermarket company's stock.
Northern Rock Plc, Britain's seventh-largest bank, headed for its biggest drop in almost a year after Deutsche Bank AG advised investors to sell the shares because of a deteriorating mortgage market.
Read more at Bloomberg Stocks News
Northern Rock Plc, Britain's seventh-largest bank, headed for its biggest drop in almost a year after Deutsche Bank AG advised investors to sell the shares because of a deteriorating mortgage market.
Read more at Bloomberg Stocks News
UPDATE 1-Sainsbury shares jump on bid talk -market sources
(Reuters) - Traders cited market talk that Qatari investment group Three Delta was buying shares in Britain's number three supermarket group that fought off a private equity bid just two weeks ago.
Alliance Bernstein held about 254 million shares in Sainsbury, according to Reuters data.
Read more at Reuters.com Mergers News
Alliance Bernstein held about 254 million shares in Sainsbury, according to Reuters data.
Read more at Reuters.com Mergers News
Lonmin's First-Half Platinum Sales Decline 28 Percent on Smelter Rebuild
(Bloomberg) -- Lonmin Plc, the world's third- largest platinum producer, said sales of platinum-group metals dropped 28 percent in the first half after it decided to repair a leaking furnace.
Lonmin's refined platinum sales fell 25 percent to 273,191 ounces in the six months through March 31, from a year earlier, the London-based company said today in a statement. Sales of palladium slipped 27 percent to 124,884 ounces and rhodium sales declined 38 percent to 37,170 ounces.
Read more at Bloomberg Emerging Markets News
Lonmin's refined platinum sales fell 25 percent to 273,191 ounces in the six months through March 31, from a year earlier, the London-based company said today in a statement. Sales of palladium slipped 27 percent to 124,884 ounces and rhodium sales declined 38 percent to 37,170 ounces.
Read more at Bloomberg Emerging Markets News
U.S. Stock-Index Futures Rise; Amazon, Apple and Google Advance in Europe
(Bloomberg) -- U.S. stock-index futures advanced on speculation earnings will beat analyst estimates after Amazon.com Inc., the world's biggest online retailer, boosted its 2007 forecasts.
Amazon.com Inc. jumped in Europe after the company said first-quarter profit doubled from a year earlier, and raised its earnings and sales forecasts. Apple Inc. gained before the maker of the iPod music and video player reports earnings.
Read more at Bloomberg Stocks News
Amazon.com Inc. jumped in Europe after the company said first-quarter profit doubled from a year earlier, and raised its earnings and sales forecasts. Apple Inc. gained before the maker of the iPod music and video player reports earnings.
Read more at Bloomberg Stocks News
HK shares slip after U.S. data, caution on China
(Reuters) - The benchmark Hang Seng Index ended at 20,536.78.
The China Enterprises index of mainland H-shares fell 0.6 percent.
Read more at Reuters.com Hot Stocks News
The China Enterprises index of mainland H-shares fell 0.6 percent.
Read more at Reuters.com Hot Stocks News
UK stocks rebound on RBS ABN AMRO bid, Sainsbury
(Reuters) - Britain's top share index rose on Wednesday, led by financials after a consortium led by Royal Bank of Scotland (RBS) unveiled a proposed 72-billion-euro counterbid for ABN AMRO.
At 0806 GMT, the FTSE 100 index was up 0.5 percent, with banking stocks adding more than 3 points to the overall index.
Read more at Reuters Africa
At 0806 GMT, the FTSE 100 index was up 0.5 percent, with banking stocks adding more than 3 points to the overall index.
Read more at Reuters Africa
Default rates fall on ample liquidity - report
(Reuters) - The volume of debt affected by the defaults in the first quarter was $1.1 billion, less than the $5.5 billion recorded in the first quarter of 2006, Standard & Poor's said. "Global credit quality continues to appear buoyant," Standard & Poor's said in its report.
The United States was home to four of the six companies that defaulted in the first quarter, including Pacific Lumber Co., a forest products and building materials company. The remaining two are based in Bermuda and in the UK.
Read more at Reuters.com Bonds News
The United States was home to four of the six companies that defaulted in the first quarter, including Pacific Lumber Co., a forest products and building materials company. The remaining two are based in Bermuda and in the UK.
Read more at Reuters.com Bonds News
RBS group unveils $98 bln rival ABN AMRO bid plan
(Reuters) - The RBS group, which also includes Spain's Santander and Dutch-Belgian bank Fortis, said on Wednesday it planned to offer 39 euros a share for ABN AMRO, made up of 70 percent in cash and 30 percent in RBS shares.
The group said this was 13 percent higher than the value of the Barclays all-share offer at Tuesday's close, and included ABN AMRO's final dividend for 2006 of 60 euros cents a share.
Read more at Reuters.com Business News
The group said this was 13 percent higher than the value of the Barclays all-share offer at Tuesday's close, and included ABN AMRO's final dividend for 2006 of 60 euros cents a share.
Read more at Reuters.com Business News
European shares up as RBS launches ABN bid
(Reuters) - ABN AMRO was up 4.3 percent, Barclays was up 1.9 percent. RBS lost 1.14 percent and Belgium's Fortis , part of the consortium was down 2 percent.
The FTSEurofirst 300 index rose 0.2 percent, with banking stocks making the biggest contribution to the rise. Around Europe, Britain's FTSE gained 0.5 percent, Germany's DAX was up 0.3 percent, France's CAC 40 put on 0.5 percent.
Read more at Reuters.com Hot Stocks News
The FTSEurofirst 300 index rose 0.2 percent, with banking stocks making the biggest contribution to the rise. Around Europe, Britain's FTSE gained 0.5 percent, Germany's DAX was up 0.3 percent, France's CAC 40 put on 0.5 percent.
Read more at Reuters.com Hot Stocks News
EU clears GE's buy of two Abbott diagnostics units
(Reuters) - GE said it would buy Abbott's primary in-vitro diagnostics, which involve routine laboratory tests, and its Point-of-Care diagnostics business -- tests done typically at a patient's bedside such as blood chemistry work.
Abbott's more profitable molecular diagnostics business, including sophisticated tests for bladder cancer and susceptibility to breast cancer, and its lucrative diabetes-care businesses, are not part of the transaction.
Read more at Reuters.com Government Filings News
Abbott's more profitable molecular diagnostics business, including sophisticated tests for bladder cancer and susceptibility to breast cancer, and its lucrative diabetes-care businesses, are not part of the transaction.
Read more at Reuters.com Government Filings News
Business Objects Q1 diluted EPS $0.06 after charge
(Reuters) - For the second quarter, it forecast diluted earnings per share of between $0.21 and $0.24 and full year EPS of between $0.91 and $1.01.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
U.K. Pound Advances Amid Expectations Interest Rate Premium Will Widen
(Bloomberg) -- The pound rose against the dollar on speculation the U.K.'s interest rate premium over other countries will widen as accelerating inflation forces the Bank of England to increase borrowing costs further.
The pound rose yesterday, snapping a three-day losing streak that followed a rally to a 25-year high last week, after central bank policy makers said they were concerned by price pressures and BOE Governor Mervyn King said he is ``determined'' to bring inflation down to target. Interest rate futures show investors are betting on two more rate rises this year from 5.25 percent currently.
Read more at Bloomberg Currencies News
The pound rose yesterday, snapping a three-day losing streak that followed a rally to a 25-year high last week, after central bank policy makers said they were concerned by price pressures and BOE Governor Mervyn King said he is ``determined'' to bring inflation down to target. Interest rate futures show investors are betting on two more rate rises this year from 5.25 percent currently.
Read more at Bloomberg Currencies News
European Stocks Including ABN, Alcatel May Gain; STM, Merck, BP Might Fall
(Bloomberg) -- European stocks including ABN Amro Holding NV may gain. A group led by Royal Bank of Scotland Plc offered 39 euros a share to buy the Dutch bank, in the biggest takeover battle in the financial-services industry.
STMicroelectronics NV may fall after the region's largest semiconductor maker reported earnings that missed analysts' estimates. Siemens AG might pace advancing shares after posting a jump in profit that beat expectations.
Read more at Bloomberg Stocks News
STMicroelectronics NV may fall after the region's largest semiconductor maker reported earnings that missed analysts' estimates. Siemens AG might pace advancing shares after posting a jump in profit that beat expectations.
Read more at Bloomberg Stocks News
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