BCE agrees C$42.75/shr offer from Teachers' group

(Reuters) - "The all-cash transaction is valued at C$51.7 billion, including C$16.9 billion of debt, preferred equity and minority interests," it said.




Read more at Reuters.com Business News

Pound Posts Sixth Straight Quarterly Gain on Outlook for Higher U.K. Rates

(Bloomberg) -- The pound posted a quarterly gain,
its sixth in a row, after a rise in consumer and mortgage lending
supported the view that the Bank of England will keep raising
interest rates to curb inflation.

Data showed consumer credit growth almost doubled in May and
mortgage approvals unexpectedly rose to a three-month high,
suggesting the BOE must do more to cool price growth. Policy
makers next decide on interest rates on July 5, and economists
surveyed by Bloomberg News expect them to lift the main benchmark
a quarter-point to 5.75 percent.


Read more at Bloomberg Currencies News

Asian Stocks Fall for First Time in Three Weeks on U.S. Housing Concerns

(Bloomberg) -- Asian stocks dropped for the first
time in three weeks on concern a U.S. housing slump will curb
growth in the region's biggest export market. Samsung Electronics
Co. and James Hardie Industries NV led the slide.

``Markets seem unable to push higher as we get more news
every day about the U.S. economy, particularly the housing
troubles there,'' said Hans Kunnen, who helps manage $107 billion
at Colonial First State Global Asset Management in Sydney.


Read more at Bloomberg Stocks News

Sierra Pacific unit plans new power projects

(Reuters) - The plans were included in a filing at the Public Utilities
Commission of Nevada updating Sierra Pacific's resource plan
for long-term energy needs.




The utility also asked regulators to approve several
agreements to purchase electricity from geothermal power
projects in northern Nevada.


Read more at Reuters.com Bonds News

ACA Capital investors cancel share sale

(Reuters) - No reason was provided for the company's withdrawing the
registration statement for the sale of shares.




ACA's shares have fallen more than 20 percent since June
19.


Read more at Reuters.com Bonds News

North American Energy files for 14.8 mln share offer

(Reuters) - Credit Suisse, UBS Investment Bank, CIBC World Markets, and
Jefferies & Co. are underwriting the offering.




Read more at Reuters.com Government Filings News

Dreamgate, Genting, Infosys, PTT Chemical: Asia Ex-Japan Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in Asian markets, excluding Japan, on July 2. This preview
includes news that broke after markets closed. Prices are from
the local market's last close. Stock symbols are in parentheses
after company names.

Dreamgate Corp. (DCB MK): The largest supplier of gaming
machines in Asia outside Japan said it signed a shareholders
agreement to form a venture to set up a casino in Cambodia. It
will own 40 percent of the venture called Chateau De Bavet Club
Co. Dreamgate was unchanged at 1.75 ringgit.


Read more at Bloomberg Stocks News