Treasuries Rise on Subprime Mortgage Crisis, Outlook for Economic Slowdown

(Bloomberg) -- Treasuries rose as the subprime
mortgage crisis sent investors to the safety of U.S. government
debt and raised concern that housing weakness will slow the
world's largest economy.

Benchmark 10-year note yields dropped this week after
Standard & Poor's and Moody's Investors Service warned about the
credit quality of subprime mortgages. Federal Reserve Chairman
Ben S. Bernanke may comment on housing during congressional
testimony next week.


Read more at Bloomberg Bonds News

Emerging markets flooded by local-currency global bonds

(Reuters) - Emerging debt investors were flooded this week by billions of dollars in local-currency global bonds offered by governments and companies, despite market concerns related to the U.S. subprime mortgage market.

A large chunk of the new issuance is denominated in the Brazilian real, which has gained more than 14 percent so far this year. But sovereign bonds are also being offered in other strengthening local currencies, such as the Colombian peso, the Peruvian sol and even the stable Egyptian pound.


Read more at Reuters Africa

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