U.S. Stock-Index Futures Are Little Changed; Oracle Declines in Europe

(Bloomberg) -- U.S. stock-index futures were little
changed before a report that may show purchases of new homes in
the U.S. probably dropped in May.

Shares of Oracle Corp., the world's third-largest software
maker, and Nike Inc., the biggest athletic-shoe maker, declined
in Europe before reporting earnings. Apple Inc., whose market
value passed $100 billion in May as euphoria mounted over its
iPhone, rose in Germany after RBC Capital Markets recommended
buying the stock.


Read more at Bloomberg Stocks News

CORRECTED - Dutch VEB to continue to prevent ABN's LaSalle sale

(Reuters) - A Dutch commercial court froze the $21 billion sale of
Chicago-based LaSalle to Bank of America in May, a side
deal to ABN's agreement to be bought by Britain's Barclays
, as the deal required shareholder approval.




VEB's chairman Peter Paul de Vries said chances had
increased that LaSalle would be sold to Bank of America after a
Supreme Court adviser said the deal does not need shareholder
approval, but he added: "We will use all legal means to prevent
the ABN trick."


Read more at Reuters.com Mergers News

FTSE dips 0.5 pct on US subprime concerns, BAE

(Reuters) - Britain's top share index fell 0.5 percent early on Tuesday, tracking losses in U.S. and Asian markets as worries over U.S. subprime mortgages persisted, while BAE Systems sank on news of a corruption probe.

At 0741 GMT the FTSE 100 was down 31.5 points, or 0.48 percent at 6,556.9, moving back into negative territory after breaking a five-day lossing streak on Monday as financial and commodity shares weighed. European shares also slipped.


Read more at Reuters Africa

Honeywell to buy Dutch Enraf for $260 mln

(Reuters) - Enraf, whose technology is used by energy companies for transport and storage, had 2006 sales of about $130 million, Honeywell said. After the transaction, Enraf will become part of Honeywell's process solutions segment, the company said.



) Keywords: HONEYWELL ENRAF


Read more at Reuters.com Mergers News

No vote needed for ABN's LaSalle sale: court advise

(Reuters) - A Dutch commercial court froze the $21 billion sale of Chicago-based LaSalle to Bank of America in May pending a shareholders' vote, but ABN and others appealed against the decision.




"The Advocate General advises the Supreme Court to quash the Commercial Court's ruling," Timmerman said in a statement, adding that the LaSalle transaction does not need shareholders' approval based on article 2:8 of the Dutch civil code.


Read more at Reuters.com Business News

U.K. Stocks Drop, Paced by Shares of BAE Systems and Cadbury Schweppes

(Bloomberg) -- U.K. stocks fell. BAE Systems Plc,
Europe's biggest weapons maker, led the retreat after saying the
U.S. started an investigation into the company's compliance with
anti-corruption laws.

The benchmark FTSE 100 Index lost 33.1, or 0.5 percent, to
6555.30 as of 8:05 a.m. The FTSE All-Share Index fell 18.09, or
0.5 percent, to 3380.29. Ireland's ISEQ Index slipped 30.61, or
0.3 percent, to 9354.


Read more at Bloomberg Stocks News

No vote needed for ABN's LaSalle sale -court advise

(Reuters) - A Dutch commercial court froze the $21 billion sale of
Chicago-based LaSalle to Bank of America in May, a side
deal to ABN's agreement to be bought by Britain's Barclays
, but ABN and others appealed the court's decision.




"The Advocate General advises the Supreme Court to quash the
Commercial Court's ruling," Timmerman said in a statement,
adding that the LaSalle transaction does not need approval of
shareholders based on article 2:8 of the Dutch civil code.


Read more at Reuters.com Mergers News