Germany's DAX Index Falls From Record, Led by MAN: World's Biggest Mover

(Bloomberg) -- Germany's benchmark stock index
retreated from a record, posting the biggest fluctuation among
markets included in global benchmarks.

MAN AG, Europe's third-largest truckmaker, led automotive
shares lower. Continental AG, the world's fourth-biggest
tiremaker, fell after saying it's working on three to five
``relatively big'' acquisitions.


Read more at Bloomberg Stocks News

UPDATE 1-ICE urges CBOT members to vote against CME deal

(Reuters) - Energy exchange ICE, which has been pursuing the parent of
the Chicago Board of Trade, told CBOT shareholders and members
in a letter that the CBOT board has "endorsed a deal with CME
that undervalued the CBOT from the outset."




ICE Chief Executive Officer Jeffrey Sprecher said in the
letter that CBOT's board has agreed to a "bargain-basement
sale" in a transaction that would leave $1.3 billion of
shareholders' money on the table, and urged them to vote
against the deal.


Read more at Reuters.com Mergers News

Treasury Two-Year Notes Rise on Concern About Hedge Fund Losses Increase

(Bloomberg) -- Treasury two-year notes rose as
investors sought refuge in the safest debt on concern losses at
hedge funds run by Bear Stearns Cos. may increase.

The difference in yields between two-year notes, which
typically gain more in times of turmoil, and benchmark 10-year
yields widened for a third straight day. The perceived risk of
owning European corporate bonds, as measured by credit default
swaps, rose the most in two weeks.


Read more at Bloomberg Bonds News

AES, Andersons, Brookfield, Esco, H&R Block, Oakley: U.S. Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes in U.S. exchanges
today. This preview includes news that broke after exchanges
closed yesterday. Stock symbols are in parentheses after company
names. Share prices are as of 7:35 a.m. New York time.

AES Corp. (AES US): The U.S. power producer with operations
in more than 25 countries had a $455 million first-quarter net
loss on costs related to the sale of its Venezuela utility to the
South American country's government. The stock dropped 58 cents
to $21.16 yesterday.


Read more at Bloomberg Stocks News

G4 trade partners struggle to save Doha round

(Reuters) - Trade powers struggled on Thursday to salvage world trade talks, but gave few clues of how close they were to a breakthrough on agriculture and other sensitive concerns.

Without an agreement soon between the United States, the European Union, India and Brazil, the Doha round of talks could fail or go into the deep freeze for years.


Read more at Reuters Africa

Goldman ups bid for Italian property funds

(Reuters) - Zwinger Opco, a vehicle run by Goldman's real estate fund
Whitehall, raised its offer for Tecla to 680 euros a unit and
that for Berenice to 725 euros a unit, Zwinger said in a note on
Thursday.




The move follows Pirelli RE's increase on
Wednesday of its offer for Tecla to 678 euros for each unit and
to 685 euros per unit for Berenice.


Read more at Reuters.com Bonds News

Copper slips on hefty stock rise, lead at new high

(Reuters) - Copper slipped on Thursday after a hefty rise in inventories but strike threats at mines supported prices and lead set a fresh record high.

Copper for three-months delivery on the London Metal Exchange (LME) fell almost 1 percent or $58 to $7,452/7,472 a tonne at 0928 GMT, after LME stocks rose 5,400 tonnes to 119,600 tonnes, still less less than 3 days of global consumption.


Read more at Reuters Africa