CBS quarterly earnings drop but beat forecasts

(Reuters) - Year-ago earnings included income from discontinued
operations of $291.9 million, reflecting a gain on the sale of
its Paramount Parks. It also had a tax benefit.




On an adjusted basis, earnings in the latest quarter rose
to 54 cents from 47 cents per share, surpassing the average
analyst estimate of 51 cents per share, according to Reuters
Estimates.


Read more at Reuters.com Market News

UPDATE 1-IAC/InterActiveCorp quarterly profit rises

(Reuters) - At the same time the company said its key HSN shopping unit
posted a slight 1 percent decline in revenue and reported what
it said was unexpected softness in U.S. ticket volumes for its
Ticketmaster box-office service.




Second-quarter net profit rose to $95.97 million, or 32
cents per share, from $53.8 million, or 17 cents per share, a
year ago.


Read more at Reuters.com Market News

UPDATE 1-Sirius Satellite net loss narrows

(Reuters) - Sirius, which has agreed to purchase rival XM Satellite
Radio Holdings Inc. , said its net loss was $134.1
million, or 9 cents a share, compared with a loss of $237.8
million, or 17 cents per share, a year before.




Excluding special items related to stock-based
compensation, the 2007 quarterly loss was 8 cents a share.


Read more at Reuters.com Bonds News

U.K. Natural Gas Declines as Traders Reduce Pipeline Exports to Belgium

(Bloomberg) -- U.K. natural gas fell as traders cut
exports of the fuel to Belgium, potentially increasing supplies
held within the U.K.'s pipeline network.

Gas for delivery in the 24 hours through 6 a.m. tomorrow
dropped 6.7 percent to 30.8 pence a therm, according to prices
on Bloomberg from broker ICAP Plc. That's equivalent to $6.25 a
million British thermal units. A therm is 100,000 Btus. Gas for
delivery a day ahead fell 2.8 percent to 31.4 pence a therm.


Read more at Bloomberg Energy News

Pound Gains as Traders Add to Bets on Higher Rates After Bond Risk Falls

(Bloomberg) -- The pound rose against the dollar
and euro as traders increased bets that the Bank of England will
increase interest rates again this year.

The U.K. currency headed for its second month of gains
versus the dollar as interest-rate futures show investors are
betting on borrowing costs rising at least once more this year.
The Bank of England's benchmark rate of 5.75 percent is the
highest among Group of Seven nations.


Read more at Bloomberg Currencies News

JGBs rise after solid auction, BOJ view caps gains

(Reuters) - Futures inched up towards a two-month high touched on Monday
as Japanese stocks hovered near a four-month low and dealers
picked up shorter JGB maturities after an auction of two-year
notes attracted solid demand.




"The auction was slightly better
and the Nikkei is still dragging its feet," an analyst at a U.S.
securities house said.


Read more at Reuters.com Bonds News

UPDATE 3-Bancrofts, News Corp. wrangle over Dow Jones price

(Reuters) - By Megan Davies and Robert MacMillan



NEW YORK, July 30 - Rupert Murdoch's News Corp. appeared close to gaining sufficient approval for its $5 billion bid for Dow Jones & Co from the Bancroft family, The Wall Street Journal said, ahead of a Monday deadline for responding to the offer.


Read more at Reuters.com Mergers News