European Stocks Pare Gains as BT Group, Thomson, Legal & General Slide

(Bloomberg) -- European stocks erased gains as
shares of BT Group Plc and Thomson SA fell.

ABB Ltd., the world's largest builder of electricity networks,
and European Aeronautic Defence & Space Co. paced advancing shares
after reporting earnings that beat analysts' estimates.


Read more at Bloomberg Stocks News

UPDATE 2-Corp bonds meet resistance on flood of high-yield sales

(Reuters) - NEW YORK, June 27 - A slew of companies were
required to restructure debt sales on Wednesday, as high
leverage and risky types of debt made investors reticent to
jump into a market flooded by leveraged buyout financings.




Dollar General Corp. , Nelson Education, the Canadian
publishing business of Thomson Corp. , and Community
Health Systems Inc. were all required to make changes
to their debt offerings. In addition, Magnum Coal Co. pulled
its $350 million junk bond deal due to weak market conditions,
according to Reuters Loan Pricing Corp. .


Read more at Reuters.com Mergers News