UPDATE 1-Canada May factory shipments slip on C$, metals

(Reuters) - Analysts surveyed by Reuters had forecast, on average, a
gain of 0.5 percent in the month. Shipments declined in April
by 0.7 percent, according to Statscan, which revised the figure
from the 0.6 percent decline it reported last month.




However, the volume of shipments rose 0.4 percent in
constant dollars to their highest since the beginning of 2006.


Read more at Reuters.com Economic News

UPDATE 1-N.Y. Fed manufacturing index climbs in July

(Reuters) - The New York Fed's "Empire State" general business
conditions index rose for the fourth consecutive month to 26.46
in July, the highest since June 2006, from 25.75 in June.




Economists polled by Reuters had expected a June reading of
18.00.


Read more at Reuters.com Bonds News

UPDATE 2-MOL spurns OMV, says it can create value alone

(Reuters) - BUDAPEST, July 16 - Hungarian oil firm MOL
spurned what it said was a hostile approach from
Austrian rival OMV and on Monday presented new
financial targets which it said proved it was on track for
growth.




MOL said its core profit will rise by a compounded annual
6.5 percent through 2011 even without acquisitions and the firm
will return more money to shareholders by sharply raising its
dividend payment and buying back shares.


Read more at Reuters.com Mergers News

UPDATE 2-Mattel posts higher quarterly profit

(Reuters) - Net income rose to $43.1 million, or 11 cents a share
beating average analyst expectations of 10 cents a share.




Quarterly sales rose 6.5 percent to $1.02 billion from
$957.7 million a year ago, led by an 18 percent increase in
international markets sales as sales declined 3 percent in the
U.S.


Read more at Reuters.com Market News

German Stocks Including Deutsche Bank Advance; Siemens Shares Retreat

(Bloomberg) -- German stocks including Deutsche Bank
AG, Allianz SE and Bayer AG rose. Volkswagen AG climbed after the
carmaker said it expects to boost sales in China. Siemens AG
paced falling shares.

The DAX added 5.25, or less than 0.1 percent, to 8098.02 at
1:07 p.m. in Frankfurt. DAX futures expiring in September were
little changed at 8155. The HDAX Index of the country's 110
biggest companies gained less than 0.1 percent.


Read more at Bloomberg Stocks News

Con-way to buy truckload carrier for $750 mln

(Reuters) - Con-way intends to fund the acquisition, expected to close
in the third quarter, with existing cash resources and proceeds
from debt financing, it added.





Read more at Reuters.com Mergers News

Stocks set for steady open, earnings in focus

(Reuters) - London Brent hit a fresh 11-month high of $78.12 -- just 53 cents away a record high of $78.65 last August.




By 0955 GMT, Dow futures were up 0.05 percent and both S&P and Nasdaq futures ticked up 0.1 percent.


Read more at Reuters.com Business News