TD Bank to put capital into BCE deal: report

(Reuters) - Under the terms of the deal, Teachers will own 52 percent of BCE, while Providence Equity Partners and Madison Dearborn Partners will together have about 41 percent.




The Globe said TD's plan is to sell-off its equity stake to other large Canadian investors once the deal is approved.


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Electrolux CEO says Europe launches done by Q3

(Reuters) - Delays to the group's most extensive launch of new products ever in Europe stung earnings during the second quarter.



"Step by step we will get through this and the way things look right now the launches will be carried out during the third quarter," Chief Executive Hans Straberg told Reuters.


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Private equity donations favor Republicans-report

(Reuters) - But newly-released campaign finance reports for the 2008
presidential contest may signal a reversal of that trend, the
Journal said.




The reports show former New York City Mayor Rudy Giuliani,
former Massachusetts Gov. Mitt Romney and Arizona Sen. John
McCain received a total of $262,000 in contributions from
employees of private-equity companies since January, the
newspaper said.


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U.K. FTSE 100 Benchmark Declines, Paced by BHP; Rolls-Royce, Kelda Slip

(Bloomberg) -- U.K. stocks fell for a second day,
paced by BHP Billiton Ltd. after Deutsche Bank AG downgraded the
shares and metal prices retreated. Anglo American Plc and
Antofagasta Plc also declined.

Rolls-Royce Group Plc, Kelda Group Plc and Schroders Plc
slid as brokerages lowered their recommendations for the
companies' stocks. Reed Elsevier Plc dropped after it agreed to
sell Harcourt Education for $4 billion.


Read more at Bloomberg Stocks News

U.S. Producer Prices Probably Rose in June at Slowest Pace in Five Months

(Bloomberg) -- Prices paid to U.S. producers
probably rose in June at the slowest pace in five months as fuel
costs dropped, economists said before a government report today.

The 0.2 percent gain, according to the median estimate in a
Bloomberg News survey of 72 economists, would be the smallest
since January and follow a 0.9 percent increase in May. Core
prices, which exclude food and energy, probably rose 0.2 percent
for a second month.


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European Stocks Fall for First Time in Four Days; Total, BHP Pace Declines

(Bloomberg) -- European stocks dropped for the first
time in four days, led by oil companies after ING Groep NV cut its
recommendation on shares of Repsol YPF, Statoil ASA and Total SA.

BHP Billiton Ltd., the world's biggest mining company,
dropped after Deutsche Bank AG downgraded the stock. Tate & Lyle
Plc, the maker of the sweetener Splenda, climbed after Goldman,
Sachs & Co. advised investors to buy the shares.


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EADS could make buys to improve business balance

(Reuters) - Gallois added that EADS still needed new shareholders even
though the group did not need to raise fresh capital.




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