TREASURIES-Stocks turn bonds negative

(Reuters) - A government report showed the U.S. economy grew at a
stronger-than-expected annual rate of 3.4 percent in the second
quarter, rebounding from a dismal start to the year.




The report's inflation gauge plunged, indicating that the
Federal Reserve now has more leeway if it needs to cut
benchmark interest rates in the second half of this year.


Read more at Reuters.com Bonds News

Freddie Mac to sell $2.5 billion bills on Monday

(Reuters) - -- $1.5 billion of three-month bills due Oct. 29, 2007 to
be sold Monday and settle Tuesday; and




-- $1.0 billion of six-month bills due Jan. 28, 2008 to be
sold Monday and settle Tuesday.


Read more at Reuters.com Bonds News

UPDATE 1-US July consumer sentiment up, risks linger-U.Mich

(Reuters) - The Reuters/University of Michigan Surveys of Consumers
said its final July reading on consumer sentiment was 90.4, a
touch below the median forecast of 91.2 and the preliminary
July reading of 92.4, which was a six-month high.




But it bounced back from June's final reading of 85.3, a
10-month low, and posted the index's best showing since
February, when it stood at 91.3.


Read more at Reuters.com Economic News

Gol, Sadia, TAM, Vivo and Vale do Rio Doce: Brazil Equity Market Movers

(Bloomberg) -- Brazil's main stock index fell for a
second day, led by mining company Cia. Vale do Rio Doce.

The Bovespa Index of the most-traded stocks on the Sao
Paulo exchange fell 71.66, or 0.1 percent, to 53,821.49 as of
10 a.m. New York time.


Read more at Bloomberg Stocks News

CORRECTED - UPDATE 2-American Axle 2nd-qtr earnings jump 67 pct

(Reuters) - American Axle also said its backlog of new business, a key focus of auto parts suppliers, has increased by about $400 million to $1.2 billion for vehicle programs starting in the 2008 to 2012 time period.



Net income rose to $34 million, or 64 cents per share, in the second quarter, from $20.4 million, or 40 cents per share, a year earlier.


Read more at Reuters.com Market News

Mozambique rail firm keen to cut Spoornet wagon link

(Reuters) - Mozambique's state-run railway company said on Friday it was investing $30 million to upgrade its commercial fleet in a move to cut $100 million in wagon hiring fees charged by South African rail freight firm Spoornet.

CFM, which operates the African nation's railways and ports, plans to refurbish 820 refurbished wagons with the investment, more than doubling the current number that travel lines to South Africa and Zimbabwe, spokesman Antonio Libombo said.


Read more at Reuters Africa

Horizon Lines quarterly profit rises

(Reuters) - Excluding one-time items, it earned 29 cents a share.




Analysts on average had expected the Charlotte, North
Carolina-based company to earn 32 cents a share, according to
Reuters Estimates.



Read more at Reuters.com Market News