Monday, June 11, 2007

BHP, Boeing, Ford, Netflix, Owens-Illinois, Wyndham: U.S. Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes in U.S. exchanges.
This preview includes news that broke after exchanges closed
June 8. Stock symbols are in parentheses after company names.
Share prices are as of 7:30 a.m. New York time.

Atmel Corp. (ATML US) fell 12 cents to $5.55. The maker of
chips for mobile phones and DVD players said it received a
subpoena from the U.S. Justice Department about its past stock-
option practices. The subpoena was delivered in January, the
company said in a filing with the Securities and Exchange
Commission. Atmel also released financial statements that had
been delayed by its own probe into stock-option grants.


Read more at Bloomberg Stocks News

Gazprom Says It Doesn't Plan Any Major U.K. Acquisition, Bid for Centrica

(Bloomberg) -- OAO Gazprom, the world's largest
natural gas company, said it has no plans to make a bid for U.K.
utility Centrica Plc.

Gazprom will announce a purchase in Britain ``in the
nearest future,'' Deputy Chief Executive Officer Alexander
Medvedev said yesterday in St. Petersburg. The acquisition will
by completed in time for the Wimbledon tennis tournament, which
runs from June 25 to July 8, he said.


Read more at Bloomberg Energy News

European Stocks Rise, Led by Axa, Financial Shares; BHP, ThyssenKrupp Gain

(Bloomberg) -- European stocks rose for the first
time in six days as renewed takeover speculation lifted mining
and steel companies.

BHP Billiton Ltd. led mining companies higher after UBS AG
said mergers and acquisitions in the industry ``will continue to
accelerate.'' ThyssenKrupp AG fueled a rally by steelmakers after
Interfax reported the world's biggest stainless steelmaker is
interested in acquisitions to expand. Axa SA, Rodamco Europe NV
and Deutsche Bank AG led gains by financial-related companies,
among the hardest hit in last week's sell-off.


Read more at Bloomberg Stocks News

UPDATE 1-ABN AMRO says Taiwan unit back in the black

(Reuters) - The Dutch lender, Taiwan's third-biggest foreign bank by
assets, had lost money in the first four months of the year, but
had moved into the profit column -- along with much of the rest
of the industry -- as Taiwan's consumer credit crunch eased.




"The worst is over for ABN AMRO in Taiwan this year," said
Terry King, a corporate executive vice president and head of ABN
AMRO's Taiwan operations, which are more than 30 years old.


Read more at Reuters.com Mergers News

Scientists warn new EU rules threaten MRI scans

(Reuters) - "The values described in the directive would be exceeded in
every use of MRI," Gabriel Krestin, professor and chairman of
the Department of Radiology at Erasmus University in the
Netherlands, said in a statement.




"We would have to use other forms of scanning, such as
X-rays, which are known to be harmful. Research would also be
severely curtailed, since it is often conducted with much
stronger magnetic fields than those used in clinical practice."


Read more at Reuters.com Government Filings News

Nokia files patent suit against Qualcomm

(Reuters) - Nokia, which makes more than one in three of the cellphones sold globally, said on Monday it had filed a suit against Qualcomm accusing the U.S. firm of infringing six implementation patents in its MediaFLO mobile TV technology and its Brew mobile data technology.




A legal dispute between the two has continued since part of a cross-licensing deal over technology patents expired on April 9, and their increasingly bitter battle is worrying investors and the industry on both sides of the Atlantic.


Read more at Reuters.com Business News

India's Essar Oil Plans to Operate Refinery at Full Capacity From October

(Bloomberg) -- Essar Oil Ltd., a unit of India's
Essar Group, plans to operate its refinery at full capacity in
October, boosting the nation's fuel exports to a record.

The company will process 10.5 million tons a year, or
210,000 barrels a day, of crude oil into fuels once all the
refinery's units are built, S. Thangapandian, Essar Oil's head of
marketing, said in an interview. Essar is completing the
construction of units that produce cleaner-burning fuels.


Read more at Bloomberg Energy News