Friday, July 13, 2007

Abitibi-Consolidated, Armor, Stillwater Mining, Terex: U.S. Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes in U.S. exchanges on
July 16. This preview includes news that broke after exchanges
closed. Stock symbols are in parentheses after company names.

Abitibi-Consolidated Inc. (ABY US) rose 4 cents, or 1.4
percent, to $2.89 in trading after the official close of U.S.
exchanges. The newsprint maker's largest shareholder, Third
Avenue Management LLC, opposes the company's merger with Bowater
Inc.


Read more at Bloomberg Stocks News

Broadcom probe looks at ex-CEO's behavior-WSJ

(Reuters) - In court papers, Kato claimed that Nicholas had a deep
dependence on cocaine and other drugs, regularly slept with
prostitutes and women other than his wife, spiked the drinks of
Broadcom customers with ecstasy, and ordered prostitutes for
customers while at trade shows in Las Vegas.




Steven Silverstein, Nicholas' attorney, denied all those
claims, saying Kato made them in a bid to extort money from
Nicholas.


Read more at Reuters.com Government Filings News

Blackstone says not using tax loopholes

(Reuters) - The newspaper said in an article on Friday that Blackstone
had devised a way for its partners to effectively avoid paying
taxes on $3.7 billion, the bulk of what it raised last month
from selling shares to the public. The New York Times
was not immediately available for comment.




Read more at Reuters.com Bonds News

Dixie Group restates results

(Reuters) - The restatement did not affect net income for the periods,
the carpet maker said in a statement.





Read more at Reuters.com Government Filings News

Loeb Partners retracts Mercer Insurance statement

(Reuters) - Loeb said it regretted the error and had refiled a document
with the U.S. Securities and Exchange Commission to reflect its
proper intentions.




Read more at Reuters.com Bonds News

Treasuries Post Weekly Gain Over Subprime Mortgage Crisis, Economic View

(Bloomberg) -- Treasuries posted a weekly gain as
the subprime mortgage crisis sent investors to the safety of
U.S. government debt and raised concern that housing weakness
will slow economic growth.

Benchmark 10-year note yields dropped more than 8 basis
points for the week. Treasuries strengthened today as a Commerce
Department report showed U.S. retail sales fell last month by
the most in almost two years.


Read more at Bloomberg Bonds News

Nymex Gas Increases on Buying by Distributors Seeking to Lock in Supplies

(Bloomberg) -- Natural gas in New York advanced as
institutions moved to lock in supplies before any mid-summer
price spikes and traders covered their short positions ahead of a
Midwest heat wave that could send fuel prices higher.

``It's the institutional buying'' usual for this time of
year sending prices higher today, said Wendell Tucker, a broker
for Capital Commodity Services Inc. in Minneapolis. ``The
market's too cheap.''


Read more at Bloomberg Energy News