Japanese Shares Climb to Highest Since Feb., on Easing U.S. Inflation, Yen

(Bloomberg) -- Japanese stocks advanced, driving
key indexes to the highest since February, after a report showed
U.S. core consumer prices slowed, increasing speculation Japan's
biggest overseas market will expand without adding to inflation.

Toyota Motor Corp., the world's largest automaker by market
value, and Honda Motor Co., which made more than half of its
sales in North America last year, led gains.


Read more at Bloomberg Stocks News

Wall Street Analysts Most Bearish Ever; Recommendations More Accurate, Too

(Bloomberg) -- Never in the history of Wall Street
have analysts been so bearish. The good news is they're also
getting it right more often, helping make investors richer by
betting against corporate America.

Thank the regulatory hammer of former New York Attorney
General Eliot Spitzer. In 2003 he forced 10 big firms to
separate investment banking from research to avoid the conflicts
of interest that tempted analysts to keep their reports upbeat.


Read more at Bloomberg Stocks News

Delek US Holdings Releases Sour Gas Vapor at Its Refinery in Tyler, Texas

(Bloomberg) -- Delek US Holdings Inc., a U.S. oil
refiner, released sour gas vapor yesterday from its refinery in
Tyler, Texas.

The company reported the incident to the Texas Commission on
Environmental Quality. Franklin, Tennessee-based Delek is a unit
of Israel's Delek Group Ltd.


Read more at Bloomberg Energy News

IPhone seen boosting AT&T, hurting Sprint

(Reuters) - At $500, the iPhone will not convince the average shopper to buy it when sales begin on June 29, surveys show. But those with that kind of cash to spare could prove to be most valuable to the iPhone's exclusive U.S. carrier, AT&T, analysts said.




Wealthier individuals tend to pay monthly bills and are called post-paid subscribers. They are valued over customers who use prepay phone cards and tend to defect to other providers more easily.


Read more at Reuters.com Business News

Shares in Dubai Advance, Led by Emaar; Dubai's Index Falls: Gulf Stocks

(Bloomberg) -- Stocks rose in Dubai, the United Arab
Emirates, led by Emaar Properties PJSC, the Middle East's largest
real-estate developer by market value. Abu Dhabi's measure fell.

The Dubai Financial Market General Index added 0.7 percent
to 4495.98 at 11:28 a.m. local time. The Abu Dhabi Securities
Market Index declined for the first time in four trading days,
losing 0.2 percent to 3614.63.


Read more at Bloomberg Stocks News

Norilsk says Norway regulator clears LionOre bid

(Reuters) - LionOre advised its investors last week to accept the
Norilsk bid, after Anglo-Swiss miner Xstrata -- which made
prior bids -- elected not to match Norilsk's offer. Norilsk and
Xstrata have also entered a support agreement.




Norilsk also extended the expiration time for its all-cash
offer to June 28 from Monday. LionOre is the world's
10th-largest nickel producer.


Read more at Reuters.com Mergers News

AIRSHOW-EADS seeks to prove itself as a "normal company"

(Reuters) - The call from French and German executives came on the eve
of the Paris Air Show, where French President Nicolas Sarkozy is
expected to set out his vision for European aerospace amid
doubts over the future of a sensitive EADS shareholder pact.




EADS has been plagued by disagreements between French and
German shareholders, politicians and staff over output delays at
Airbus, which contributed to 10,000 job cuts and slowed down
Europe's largest industrial project, the A380 superjumbo.


Read more at Reuters.com Mergers News