Nymex Explores Sale to NYSE, Deutsche Boerse, CME, People Involved Say

(Bloomberg) -- The New York Mercantile Exchange,
the world's largest energy market, is exploring a sale to NYSE
Euronext, Deutsche Boerse AG or Chicago Mercantile Exchange
Holdings Inc., said two people involved in the discussions.

Nymex Holdings Inc. may be worth $155 a share or $14.3
billion, 11 percent more than yesterday's closing price, said
one of the people, who asked not to be identified because the
talks are confidential. Top Nymex executives have met with their
counterparts at the three suitors, the people said. Nymex's
board has been informed of the discussions.


Read more at Bloomberg Stocks News

Adobe Systems Declines; Smith & Wesson Holding Advances: U.S. After-Hours

(Bloomberg) -- Adobe Systems Inc. slipped in
extended U.S. trading after the world's biggest maker of design
software forecast sales this quarter that may miss some
analysts' estimates.

Shares of the San Jose, California-based company dropped 28
cents, or 0.6 percent, to $43.68 at 5:38 p.m. in New York. Adobe
said fiscal third-quarter sales may be between $760 million and
$800 million. The low end of Adobe's forecast is less than the
$782.7 million average estimate of 20 analysts surveyed by
Bloomberg. Adobe said profit last quarter climbed 24 percent on
demand for updated versions of its Creative Suite products.


Read more at Bloomberg Stocks News

Australian Cattle Prices Fall as Lower Weight Animals Offered at Auction

(Bloomberg) -- Cattle prices in Australia, the
world's second-largest beef exporter, fell 1 percent this week
following a decline in the condition and weight of the animals
offered for sale.

The benchmark Eastern Young Cattle Indicator, which
measures auction prices in eastern Australia, fell 3.25 cents,
to A$3.3375 ($2.79) a kilogram yesterday. There were no reported
cattle markets being held today.


Read more at Bloomberg Commodities News

U.S. Senate Makes Agreement to Revive Immigration Laws, Ending Stalemate

(Bloomberg) -- The Senate agreed to end a week-long
stalemate over immigration legislation yesterday, just hours
after President George W. Bush endorsed a plan to speed $4.4
billion in funding to border security projects.

Nevada Senator Harry Reid, the Democratic leader, and his
Republican counterpart, Kentucky Senator Mitch McConnell, said
the Senate would resume debate on immigration possibly as soon
as next week.


Read more at Bloomberg Currencies News

UPDATE 1-BOJ on hold but rate rise still seen this summer

(Reuters) - The lack of any proposal for a rate hike from the central
bank's nine Policy Board members, though widely expected, soothed
Japanese bond market players, as some feared such a call would
stoke speculation of a tightening at their next meeting on July
11-12.




"If the vote had been split, markets would have factored in
the chance of a rate hike in July," said Naoki Iizuka, a senior
economist at Mizuho Securities.


Read more at Reuters.com Bonds News

China Imported a Net 310,000 Tons of Coal During May as Power Demand Rises

(Bloomberg) -- China, the world's biggest coal
producer and consumer, imported a net 310,000 metric tons of the
fuel in May as the pace of the nation's economic growth drove up
demand for fuel burned at power stations.

Imports rose 14 percent to 3.74 million tons of coal last
month, data from the General Administration of Customs received
today shows. The nation exported 3.43 million tons of the fuel,
customs said June 12.


Read more at Bloomberg Commodities News

Fake Lipton Tea, Nescafe Leak Into EU, Cutting Sales for Unilever, Nestle

(Bloomberg) -- Belgian customs official Chris De
Buysscher intercepted a shipment of 20,000 kilograms (44,000
pounds) of fake Lipton tea from China last year. He discovered
800,000 knockoff Oral-B toothbrushes because the accompanying
paperwork was vague about their final destination.

De Buysscher, head of the port of Antwerp's counterfeit-
hunting squad, is on the front line of a new battle in the war
against knockoffs: fake brand-name items including tea, shampoo
and soap. Colgate-Palmolive Co. yesterday warned U.S. consumers
that counterfeit toothpaste that may contain a chemical used in
antifreeze was found at stores in four states.


Read more at Bloomberg Emerging Markets News