Stocks cap week of gains on jobs data, oil

(Reuters) - Technology and industrial stocks were among the best performers after the Labor Department's monthly report on job creation topped expectations. Shares of heavy equipment maker Caterpillar Inc. and IBM helped lead the Dow higher.




Shares of major oil companies rose as New York oil prices hit 10-month highs. The energy sector was the biggest advancer out of all 10 S&P 500 sectors, with the S&P Energy index up 1 percent.


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Japan's 10-Year Bonds Have Biggest Weekly Drop in Month Amid Global Growth

(Bloomberg) -- Japanese bonds had the biggest
weekly drop in a month on speculation signs of accelerating
global growth will support the central bank's case for
increasing interest rates.

Ten-year bonds fell yesterday, pushing yields to a
three-week high, after U.S. Treasuries had the biggest loss
in three weeks on July 5. Private U.S. reports this week
showed job creation was faster than expected and growth in
service industries accelerated, signaling the world's
largest economy is gaining momentum.


Read more at Bloomberg Bonds News

Brazil stocks end at record high, currency firms

(Reuters) - The Bovespa index of the Sao Paulo Stock Exchange
rose 0.91 percent to close at 56,443.73 points.




The benchmark index, up nearly 27 percent so far in 2007,
has gained in seven out of the past eight sessions and closed
at a record every day this week except Wednesday.


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Rosetta Resources to fight Calpine lawsuit

(Reuters) - Rosetta acquired the assets in July 2005 for $1.05 billion
before Calpine declared bankruptcy in December 2005.




Read more at Reuters.com Bonds News

UPDATE 1-S&P revises Guatemala outlook to positive from stable

(Reuters) - S&P also said Guatemala's cautious fiscal policies,
improving transparency in public institutions and a steady flow
of worker remittances support the country's ratings.




Guatemala's presidential elections are led by center-left
candidate Alvaro Colom, a well-known economist who came in
second in the 2003 election. Retired Gen. Otto Perez Molina,
from the right-wind Patriotic Party, comes in a distant second
place, according to a recent opinion poll.


Read more at Reuters.com Bonds News

Fidelity National title unit won't be indicted

(Reuters) - NEW YORK, July 6 - Fidelity National Financial Inc. said on Friday that federal prosecutors in Texas decided not to indict its Chicago Title Insurance Co. unit in connection with a probe into alleged fraudulent mortgage loans.



Chicago Title had received a letter on Feb. 16 from the U.S. Attorney for the Southern District of Texas saying it was the target of a Houston grand jury investigation.


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Enel still sees Endesa deal closing in Aug or Sept

(Reuters) - Spain's bourse regulator should clear the offer by Enel and
Spanish builder Acciona by the end of July, Conti told
reporters on the sidelines of a business event. The offer
values Endesa at 42.5 billion euro .




Acciona and state-controlled Enel already control 46
percent of Endesa, Spain's biggest power company.


Read more at Reuters.com Mergers News

CORRECTED - Chile's LAN director Pinera fined over share purchase

(Reuters) - The regulator said it fined Pinera for buying 3 million
shares in July last year while in possession of the information
about LAN's unpublished second-quarter results, even though it
acknowledged the information did not motivate the purchase.




Read more at Reuters.com Market News

UPDATE 1-Investor Perelman appeals Morgan Stanley decision

(Reuters) - NEW YORK, July 6 - U.S. billionaire Ronald
Perelman has gone to Florida's highest state court to overturn
an appeals court ruling that stripped him of a $1.58 billion
jury award against Morgan Stanley .




The 2005 award stemmed from accusations that the investment
bank defrauded Perelman in helping Sunbeam Corp. hide its shaky
finances while arranging Sunbeam's $1.5 billion purchase in
1998 of Coleman Co., a camping equipment maker controlled by
Perelman.


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Nigerian Militants Condemn British Girl's Kidnapping, Promise Punishment

(Bloomberg) -- The main militant group in Nigeria's
oil-producing Niger River delta region condemned yesterday's
kidnapping of a 3-year-old British girl and vowed to punish the
abductors.

``We will not condone attacks on children,'' Jomo Gbomo, a
spokesman for the Movement for the Emancipation of the Niger
Delta, or MEND, said today in an e-mailed response to questions.
``We have directed that the abductors be found and punished.''


Read more at Bloomberg Energy News

Dana reaches deals with unions, Centerbridge

(Reuters) - By David Bailey



CHICAGO, July 6 - Dana Corp. said on Friday it has reached deals with the United Steelworkers and United Auto Workers on more than $100 million per year in cost cuts the car and truck parts maker needs to exit bankruptcy.


Read more at Reuters.com Bonds News

Rio Tinto said to be eyeing Alcan/Alcoa deal

(Reuters) - Rio has asked investment banks Credit Suisse and Deutsche Bank to advise it on a range of options, including a possible bid for Alcan, the sources said. A bid for Alcoa is also possible but less likely, they added.




Rio declined to comment, as did Credit Suisse. A spokesman for Deutsche Bank could not be reached.


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Oil Rises to a 10-Month High on Signs of Growing Demand, Risks to Supply

(Bloomberg) -- Crude oil rose to a 10-month high on
signs U.S. economic growth may accelerate, spurring increased
fuel demand in the world's biggest energy consumer.

U.S. employers added 132,000 workers in June, wages grew and
the unemployment rate stayed near a six-year low, a Labor
Department report showed today. Oil output by the Organization of
Petroleum Exporting Countries was little changed last month,
according to a Bloomberg News survey, showing that the group was
ignoring calls by consuming countries to bolster production.


Read more at Bloomberg Energy News

Rand firmer despite dollar-positive data

(Reuters) - The South African rand was a touch firmer against the dollar late on Friday despite the release of dollar-friendly U.S. jobs data, which eased concerns about an interest rate cut in the world's biggest economy.

U.S. employers added 132,000 new jobs in June, more than expected, and also boosted payrolls more strongly than previously thought in April and May.


Read more at Reuters Africa

Nymex Gas Falls as Report Signals Ample U.S. Supplies for Use Next Winter

(Bloomberg) -- Natural gas in New York fell after a
weekly government inventory report showed supplies rose at a pace
that suggests storage will reach a record level by the end of the
injection season in October.

Gas in storage rose 78 billion cubic feet for the week ended
June 29, the Energy Department said today. Inventories were
expected to rise by 82 billion cubic feet last week, according to
the median of 23 responses in a Bloomberg survey of analysts. The
average weekly increase over the past five years is 86 billion
cubic feet and was 72 billion in the same period a year earlier,
according to the department.


Read more at Bloomberg Energy News

WRAPUP 1-U.S. June job growth tops forecasts

(Reuters) - WASHINGTON, July 6 - U.S. employers added a solid
132,000 new jobs in June and boosted payrolls more strongly
than previously thought in April and May, according to a Labor
Department report that underlined a strengthening job market.




The June hiring figure topped forecasts for 120,000 jobs
made by Wall Street economists surveyed by Reuters.


Read more at Reuters.com Economic News

CBOT Holdings, Genzyme, Ruth's Chris, Six Flags: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes on U.S.
exchanges. Stock symbols are in parentheses after company
names. Share prices are as of 10:10 a.m. in New York.

CBOT Holdings, Inc. (BOT US) rose $8.20, or 4 percent, to
$214.35. Chicago Mercantile Exchange Holdings Inc. (CME US)
raised its offer for the Chicago Board of Trade for a third
time, to $11 billion, to fend off rival Intercontinental
Exchange Inc. (ICE US) and form the world's largest futures
exchange. Chicago Merc shares fell $6.94 to $548.75, and
Intercontinental shares gained $3.11 to $154.92.


Read more at Bloomberg Stocks News

Anheuser-Busch bets on fast growth in India, China

(Reuters) - "We have an intention to grow in high-potential markets outside the U.S., and India and China meet our criteria," he said, adding easing regulations and a shift to premium brands will also help boost profitability in these markets.



"We have a very long-term involvement in China, and India is the only other Asian country besides China where we have invested in a brewery," he said.


Read more at Reuters.com Mergers News

US stock indexes slip on rate worries after jobs data

(Reuters) - U.S. stocks fell on Friday on concern about higher borrowing costs as bond yields rose after stronger-than-expected jobs data reinforced the view that the Federal Reserve would not cut interest rates this year.

The rate worries overshadowed news of corporate takeover activity -- a proposed $4.2 billion purchase of eye-care company Bausch & Lomb Inc. by Advanced Medical Optics Inc. For details, see ID:nN05385353.


Read more at Reuters Africa

US bank Goldman says threats not thought credible

(Reuters) - Goldman Sachs spokesman Michael DuVally said the bank takes
any threat "very seriously."




"We are working closely with the law enforcement
authorities, who tell us they don't believe the threat to be
very credible," he told Reuters by e-mail. "We have a broad
range of security measures in place to counter all likely
threats and we're monitoring the situation closely."


Read more at Reuters.com Bonds News

US RATE FUTURES-View of '07 Fed cuts wane on jobs data

(Reuters) - The Labor Department said 132,000 nonfarm payroll jobs were
created in June, above the median forecast of 120,000. May
payrolls were revised to 190,000 from 157,000 earlier.




Read more at Reuters.com Bonds News

UPDATE 1-Laidlaw posts higher profit, reaffirms outlook

(Reuters) - The company, which is being acquired by FirstGroup Plc
, Britain's biggest bus company, also reaffirmed its
profit outlook for the rest of the year.




Laidlaw's net income in the third quarter rose 79 percent
to $61 million, or 76 cents a share, from $34.1 million, or 35
cents a share, in the year earlier quarter. Last year's results
included a loss of 9 cents a share from discontinued
operations.


Read more at Reuters.com Market News

Meritage Homes says Q2 home closing, new order revenue fall

(Reuters) - The company expects to incur pre-tax charges of about $75
million to $80 million related to inventory impairments and the
write-off of land options in the second quarter.





Read more at Reuters.com Market News

Dollar Gains Versus Euro, Yen as Job Creation In June Exceeded Forecasts

(Bloomberg) -- The dollar rose against the euro and
yen after a government report showed job creation in the U.S.
exceeded economists' forecasts last month.

Strength in employment may erase speculation the Federal
Reserve will reduce interest rates. Policy makers have said
inflation is their ``predominant'' concern. They kept borrowing
costs at 5.25 percent for an eighth straight meeting last week.


Read more at Bloomberg Currencies News

Haverty Furniture June same store sales fall 5.1 pct

(Reuters) - The company said sales in June fell 3.2 percent to $69.4 million, from $71.7 million a year ago.






Read more at Reuters.com Market News

U.K. FTSE 100 Index Advances, Paced by BP, Shell; BHP Billiton Shares Gain

(Bloomberg) -- U.K. stocks climbed. BP Plc and Royal
Dutch Shell Plc rose on a positive research note from Deutsche
Bank AG. Shares of BHP Billiton also gained.

The benchmark FTSE 100 Index climbed 31.10, or 0.5 percent,
to 6666.30 at 12:07 p.m. in London. The FTSE All-Share Index rose
0.4 percent to 3443.06. Ireland's ISEQ Index jumped 0.7 percent
to 9419.92.


Read more at Bloomberg Stocks News

REFILE-GLOBAL MARKETS-U.S. jobs data in focus, oil surges

(Reuters) - By Jeremy Gaunt, European Investment Correspondent




LONDON, July 6 - Financial markets focused on
Friday on upcoming U.S. jobs data for a guide to the path of
interest rates as European stocks climbed, the dollar clung on
to recent gains and bonds weakened.


Read more at Reuters.com Economic News

AQuantive-Microsoft antitrust waiting period ends

(Reuters) - Microsoft in May agreed to pay $66.50 per share for
aQuantive, in the software maker's largest acquisition ever.
Shares of aQuantive closed Thursday at $64.87 on the Nasdaq.




Read more at Reuters.com Government Filings News

Erdogan's Power Struggle With Turkish Army May Intensify After Elections

(Bloomberg) -- When Turkey's army decided to block
Prime Minister Recep Tayyip Erdogan's Islamist-leaning
presidential candidate in April, it didn't have to roll tanks
into the streets. All it had to do was post a late-night notice
on its Web site.

The military's ability to almost casually thwart Turkey's
democratic government is at the heart of the current campaign
for the July 22 election. Polls show Erdogan's Justice and
Development Party enjoys a wide lead in the race; a victory in
turn may set up an even more direct confrontation over the issue
that has plagued Turkey since World War II: who wields ultimate
power.


Read more at Bloomberg Exclusive News

China's Stocks Surge Most in Six Months; Shenzhen Bank, Citic Pace Advance

(Bloomberg) -- China's stocks surged the most in
almost six months on speculation recent declines were excessive
and the government will take measures to support the market.

The CSI 300 Index climbed 172.85, or 4.9 percent, to close
at 3710.28, its biggest gain since January 15. The benchmark fell
5.5 percent yesterday. Shenzhen Development Bank Co. and Citic
Securities Co. led the rebound.


Read more at Bloomberg Stocks News

NEWSMAKER-Cola king takes U.N. stage in green drive

(Reuters) - Isdell, who took the top job at Coke in 2004 and is widely
credited with turning it around, took the stage alongside U.N.
Secretary-General Ban Ki-moon this week, leading the call for
companies to do more to protect the environment.




"I'm an optimist by nature and a realist by experience,"
Isdell said, rattling the pulpit before government and business
leaders who met in Geneva to review progress on the U.N.'s
Global Compact on corporate responsibility.


Read more at Reuters.com Mergers News

German Stocks Including Bayer, Linde, MAN Decline; BMW, Merck Move Higher

(Bloomberg) -- German stocks including Bayer AG,
Linde AG and MAN AG declined. Merck KGaA and Bayerische Motoren
Werke AG paced rising shares.

The DAX rose 2.48, or less than 0.1 percent, to 7989.61 at
10:13 a.m. in Frankfurt. DAX futures expiring in September
decreased 0.2 percent to 8034.50. The HDAX Index of the
country's 110 biggest companies shed 0.2 percent.


Read more at Bloomberg Stocks News

Malaysian Bonds Fell as Low Yields Dent Investor Demand; Ringgit Weakens

(Bloomberg) -- Malaysian bonds headed for the
biggest weekly decline in a month on speculation yields below
the nation's benchmark interest rate will deter buying. The
ringgit fell for a second day.

Bank Negara Malaysia Governor Zeti Akhtar Aziz on July 2
said domestic interest rates remained appropriate, suggesting it
will likely keep its overnight lending rate unchanged at 3.5
percent later this month.


Read more at Bloomberg Bonds News

German Stocks Increase; Merck, BMW, Commerzbank Shares Pace the Advance

(Bloomberg) -- German stocks rose, led by Merck
KGaA, Bayerische Motoren Werke AG and Commerzbank AG.

The benchmark DAX Index rose 15.15, or 0.2 percent, to
8002.28 as of 9:10 a.m. in Frankfurt. The HDAX Index of the
country's 110 biggest companies climbed 0.2 percent.


Read more at Bloomberg Stocks News

Japanese Shares Slide on Rising Bond Yields, Abe Consumption Tax Comment

(Bloomberg) -- Japanese stocks slipped, snapping a
six-day rally. Electric power companies and property developers
paced declines after yields on U.S. and Japanese government
bonds climbed, raising borrowing costs for businesses.

Tokyo Electric Power Co. fell the most in four weeks, while
Sumitomo Realty & Development Co. lost 1.5 percent.


Read more at Bloomberg Stocks News