DJO to be bought by Blackstone Group affiliate

(Reuters) - The cash offer of $50.25 per share by ReAble Therapeutics Inc. is about 20 percent more than DJO's Friday closing price of $42.10.






Read more at Reuters.com Mergers News

Dollar Declines Against Yen, Euro Before Reports on Housing, Inflation

(Bloomberg) -- The dollar slid before U.S.
government reports this week that will probably show gains
in consumer prices slowed and home building declined.

Against the yen, the dollar fell to 121.62 as of 11:04 a.m.
in London, from 121.93 on July 13, and it dropped to $1.3797
against the euro from $1.3782.


Read more at Bloomberg Currencies News

European Refining Margins Fall to 5-Month Low on Higher Brent Oil Prices

(Bloomberg) -- Refining margins in Northwest Europe
fell to the lowest in five months as cuts in North Sea supply
pushed Brent crude oil close to a record.

Brent cracking margins in Northwest Europe fell to minus
$1.96 a barrel on Friday, down from 35 cents the previous day,
according to data compiled by Bloomberg. That's the lowest level
since Feb. 2 when margins fell to minus $2.66.


Read more at Bloomberg Energy News

GLOBAL MARKETS-Europe shares near 6-1/2 yr peak; oil eyes record

(Reuters) - The dollar hit a 22-year low against the New Zealand
currency and held near last week's record low versus the euro,
weighed by expectations that U.S. interest rates will stay on
hold when other major central banks are raising rates, boosting
yield on their currencies.




Fresh optimism about global economic growth grew on Friday
after upbeat second-quarter earnings boosted U.S. stocks to
record highs. This helped to ease concerns about the impact on
the U.S. economy of potential fallout from the U.S. high-risk
mortgage sector, which weighed on shares last week.


Read more at Reuters.com Bonds News

Mutilation Frenzy, Hollywood Style, Slashes Limbs -- And Box-Office Sales

(Bloomberg) -- This year's crop of gore-filled
horror films may send a shiver down the spines of Hollywood
executives. And not because of the on-screen terror.

The studios are taking in less on each film as they release
a record 39 horror and thriller movies in the U.S. this year,
according to industry tracker Media By Numbers LLC. Sequels like
``Hostel: Part II'' aren't matching the appeal of the originals.


Read more at Bloomberg Exclusive News

Asian Aframax Rates May Extend Decline Before August Vessel-Bookings Start

(Bloomberg) -- The rate for shipping fuel on
tankers that can carry between 80,000 metric tons and 120,000
tons on Asian routes may extend a decline until refiners and
traders increase vessel bookings for August.

The cost of shipping 80,000 tons of crude oil on so-called
aframax tankers to Singapore from Kuwait dropped 0.6 percent to
Worldscale 135.58 on July 13, according to the London-based
Baltic Exchange. It fell for a third week, losing 5.2 percent in
the week ended July 13.


Read more at Bloomberg Energy News

Posco Reports Highest Net Income in Two Years as Steel Prices, Demand Rise

(Bloomberg) -- Posco, a steelmaker that doubled in
value in the past year, reported second-quarter profit climbed
55 percent to the highest in two years, as it raised prices to
take advantage of surging demand.

Net income at the third-biggest steelmaker in Asia rose to
1.11 trillion won ($1.2 billion) in the quarter ended June, from
716 billion won a year ago, the Pohang, South Korea-company said
today in a statement. Sales rose 25 percent to 5.82 trillion won.


Read more at Bloomberg Emerging Markets News