India's Government Bonds Decline; Investors May Sell Before Debt Auction

(Bloomberg) -- India's 10-year bonds fell for a
fourth day on speculation some investors sold part of their
holdings to make room for a government debt sale today.

The yield on the benchmark bond, which moves inversely to
the price, rose to a two-week high as the federal government
prepares to auction 80 billion rupees ($1.97 billion) of eight-
year and 15-year bonds as part of its annual borrowing program.


Read more at Bloomberg Bonds News

U.S. 10-Year Notes Head for Third Weekly Loss on Signs of Economic Growth

(Bloomberg) -- U.S. 10-year Treasury notes headed
for a third weekly loss as signs of growth in the economy
undermined expectations the Federal Reserve will cut interest
rates in 2007.

Yields held near the highest since January after the
Commerce Department said new home sales rose by the most in 14
years in April, indicating a rebound in a slowing housing market.
Fed Governor Frederic Mishkin said policy makers ``must never
take our eye off of the inflation ball,'' in a speech yesterday
at a Dallas Fed Bank conference.


Read more at Bloomberg Bonds News

UPDATE 1-Nasdaq declines to comment on OMX trading halt

(Reuters) - Swedish media reports have said OMX was talking about a
possible tie-up with Nasdaq, the largest U.S. electronic stock
market.




OMX, which owns and operates exchanges in Stockholm,
Helsinki, Copenhagen, Reykjavik and the Baltic states, said on
Thursday that trading in its shares had been halted and would
say more before the market opens on Friday.


Read more at Reuters.com Bonds News

GM, UAW reach deal on "jobs bank"

(Reuters) - GM and its Detroit-based rivals, Ford Motor Co



The "jobs bank" program, which the automakers and the union created in the 1980s, is expected to be one of the hot-button issues up for discussion.


Read more at Reuters.com Business News

UPDATE 1-US audit watchdog eases internal controls standard

(Reuters) - WASHINGTON, May 24 - Bowing to complaints from
businesses, the U.S. board that polices corporate auditors
voted on Thursday to relax its controversial standard for
auditing the internal financial controls of corporations.




The Public Company Accounting Oversight Board, in a 5-0
vote, eased the standard for Section 404 of the Sarbanes-Oxley
corporate reform law by making it more risk-based and less
comprehensive, aiming to cut compliance costs.


Read more at Reuters.com Government Filings News

Boeing Shares Rise After Banc of America Analyst Says 787 May Boost Profit

(Bloomberg) -- Boeing Co. shares had their biggest
gain in a month after Banc of America Securities LLC raised its
share-price forecast and said the new 787 Dreamliner may boost
earnings.

``If the 787 can stay on track, we think stronger earnings
and multiple expansion will drive the stock higher,'' wrote
analyst Robert Stallard, who has a ``buy'' rating on the stock.
Boeing is the world's second-largest commercial-plane maker after
Airbus SAS.


Read more at Bloomberg Stocks News

New homes sales rise 16.2 percent in April

(Reuters) - Analysts polled by Reuters were expecting April sales to rise to an 860,000 unit pace from a previously reported rate of 858,000 units in March.




In April, the median sales price of a new home fell $28,500 to $229,100 from $257,600 in March.


Read more at Reuters.com Business News