Bioenvision shareholder urges board to reduce Soros' influence

(Reuters) - Rouhandeh, chairman of SCO Capital Partners LLC, owns about
13.4 percent stake in the company.




According to the filing, two board members are employed by
Perseus-Soros/Aisling and two others work for companies in
which the Soros fund has or has had an investment. This
represents 67 percent of the board, while Perseus-Soros/Aisling
owns only 12 percent of the company, the letter said.


Read more at Reuters.com Government Filings News

America Movil, Cemex, Grupo Mexico, IXE and Invex: Mexican Equity Movers

(Bloomberg) -- Mexico's main stock index rose for a
fourth day, led by shares of America Movil SAB, Latin America's
largest mobile-phone company.

The Bolsa index gained 132.13, or 0.4 percent, to 32,261.10 at
10:15 a.m. New York time, after setting a record June 15.


Read more at Bloomberg Stocks News

US STOCKS-Indexes flat as subprime worries offset takeovers

(Reuters) - NEW YORK, June 18 - U.S. stocks were little
changed on Monday as lingering worries about the subprime
mortgage market offset optimism about corporate takeovers.




Shares of Bear Stearns fell 1.5 percent after the Wall
Street Journal reported that investment bank Merrill Lynch
has seized $400 million in assets of a troubled hedge
fund at Bear Stearns Cos. Inc. . For details see
[ID:nN16314376].


Read more at Reuters.com Bonds News

Dollar and yen dips as carry in focus

(Reuters) - The dollar weakened against most major currencies on Monday, tracking a slide in U.S. bond yields, while the yen fell to near 4-1/2 year lows on fading expectations of higher Japanese interest rates.

The greenback extended losses after data on Friday showed underlying consumer price gains were smaller than expected last month. This sparked a bond market rally that pulled U.S. yields down from a five-year peak hit last week and pushed the euro above $1.34 for the first time since early June.


Read more at Reuters Africa

Cemig, Embraer, Itau, Unibanco and Vale do Rio Doce: Brazil Equity Movers

(Bloomberg) -- Brazil's main stock index rose for a
fourth day, led by mining company Cia. Vale do Rio Doce.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange gained 301.59, or 0.6 percent, to a record 54,820.22 as of
9:36 a.m. New York time.


Read more at Bloomberg Stocks News

Passport, Please: Quebec-Vermont Library's Books Are on Wrong Side of Law

(Bloomberg) -- Canadian readers at the Haskell Free
Library and Opera House soon will need more than a library card
to borrow books: They'll have to show their passports.

The library sits half in Stanstead, Quebec, and half in
Derby Line, Vermont, and the front door is on the Vermont side.
Under U.S. rules taking effect in January, Canadian patrons
won't be able to reach the door unless they show a passport to
cross into the U.S.


Read more at Bloomberg Exclusive News

FACTBOX: Alitalia's spluttering bid process

(Reuters) - That has led to speculation the auction might fail, given the choice of bidders is now between Air One, a domestic airline whose revenues scarcely match Alitalia's losses, and another state-owned airline.




Following are details of the bid process, Alitalia and its suitors, who must submit binding offers by July 2:


Read more at Reuters.com Hot Stocks News

BC Partners near deal to buy Intelsat: source

(Reuters) - It would be the largest solo deal in the firm's 18-year history and its first acquisition of a company with U.S. headquarters.




BC Partners was locked in an auction with a bidding duo consisting of Liberty Media Holding Corp. and EchoStarCommunications Corp. , which could make a fresh offer, according to the Wall Street Journal, which cited people familiar with the matter.


Read more at Reuters.com Mergers News

US STOCKS-Wall St indexes rise on deal optimism

(Reuters) - The Dow Jones industrial average was up 9.84 points,
or 0.07 percent, at 13,649.32. The Standard & Poor's 500 Index
was up 1.64 points, or 0.11 percent, at 1,534.55. The
Nasdaq Composite Index was up 3.35 points, or 0.13
percent, at 2,630.06.




Read more at Reuters.com Bonds News

Canadian Stocks Rise to Record on Metals Prices; Goldcorp, Agrium Advance

(Bloomberg) -- Canadian stocks rose, pushing the main
equity index to a record, as such raw-materials producers as
Goldcorp Inc. gained on higher metals prices. Agrium Inc. led
agricultural companies higher after it raised its profit forecast.

The Standard & Poor's/TSX Composite Index added 46.03, or 0.3
percent, to 14,183.44 as of 9:40 a.m. in Toronto. The benchmark
built on last week's gain of 2.5 percent, the best since March. A
close at this level would exceed its record close of 14,146.74
reached June 4.


Read more at Bloomberg Stocks News

Pollution Permits to Increase European Power Bills as E.ON, Goldman Profit

(Bloomberg) -- Pollution permits, the biggest money-
loser for commodity investors this year, are poised for a rebound
that may spark a 10 percent jump in electricity costs for the 260
million consumers from London to Bucharest.

Prices for allowances that give utilities and factories the
right to pump a ton of carbon dioxide into the atmosphere will
climb 20 percent in the next 12 months, according to Lueder
Schumacher, an analyst at Dresdner Kleinwort in London. The
reason: Governments are handing out fewer certificates in the
three-year program.


Read more at Bloomberg Energy News

Stocks set to open higher on M&A

(Reuters) - Shares of Alcoa rose 2.4 percent in trading before the bell after the Times newspaper in London reported BHP Billiton Ltd./Plc , the world's biggest mining group, may bid for the aluminium producer.




General Electric Co. and Pearson Plc may challenge News Corp.'s $5 billion bid for Dow Jones & Co. with a plan that could let Dow Jones's controlling Bancroft family keep an interest in the company, the Financial Times and The Wall Street Journal reported on their Web sites.


Read more at Reuters.com Business News

Brazil's Real Climbs on Outlook for Benign Inflation, Faster GDP Growth

(Bloomberg) -- Brazil's real rose to its strongest
since October 2000 on speculation benign inflation and faster
growth will keep luring foreign investment to the local stock and
bond markets.

The real advanced as much as 0.7 percent to 1.8995 per
dollar, the strongest since hitting 1.8990 per dollar on Oct. 31,
2000. It traded at 1.9012 per dollar at 9 a.m. New York time. It
rose 2.4 percent last week and has gained 12.3 percent this year,
making it the best performer among the 16 currencies most traded
against the dollar.


Read more at Bloomberg Currencies News

3M, Alcoa, Genesco, Encysive, Labopharm, Nvidia: U.S. Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes on U.S. exchanges
tomorrow. This preview includes news that broke after exchanges
closed two days ago. Stock symbols are in parentheses after
company names. Shares prices are as of 9 a.m. New York time.

Actelion Ltd. (ALIOF US) shares rose $1.25, or 2.7 percent,
to $47.70 in regular trading in Germany. A newly approved rival
to its best-selling Tracleer lung treatment may not be as big a
threat as previously thought, some analysts said. Gilead Sciences
Inc. (GILD US) on June 15 won U.S. approval for ambrisentan,
which will compete with Tracleer as a treatment for pulmonary
arterial hypertension, a narrowing of the arteries that causes
shortness of breath and heart failure.


Read more at Bloomberg Stocks News

UPDATE1-China Medical Q4 net income rises, gives fiscal '07 view

(Reuters) - Shares of the company rose almost 9 percent to $29.65 in
early electronic trade on Monday.




The Chinese medical device company expects fiscal 2007
revenue to rise 51.7 percent to 59.1 percent.


Read more at Reuters.com Market News

Fired London Traders Try to Use U.K. Whistle-Blower Law to Win Big Payout

(Bloomberg) -- Cantor Fitzgerald LP says it refused
to pay the former head of a U.K. trading unit millions of dollars
in incentives because he'd quit. Lewis Findlay says he was pushed
out for complaining about business practices and is using a
whistle-blower law to seek $30 million.

The lawsuit is one of at least 10 in London courts involving
executives earning six-figure salaries who are suing under
legislation designed to protect employees who raise workplace
concerns about illegal or dangerous behavior.


Read more at Bloomberg Exclusive News

Canadian Energy Stocks, Encana, May Fall; Metals Shares May Gain With Gold

(Bloomberg) -- Canadian energy stocks including EnCana
Corp. may decline along with crude oil prices, which retreated
today from a nine-month high.

Declines in the broader market may be limited as raw-materials
producers including Goldcorp Inc. advance on higher bullion and
copper prices.


Read more at Bloomberg Stocks News

JP Morgan says Boeing 787 up to 4 months late

(Reuters) - The head of Boeing's commercial airplane unit, Scott
Carson, said earlier on Monday that the plane was still on
schedule for roll out in July and test flight in August or
September. He said it would be delivered on time to the first
customer in May 2008.




Read more at Reuters.com Business News

Consol Energy to buy Amvest for $335 million

(Reuters) - The purchase would add about 200 million tons of low-sulfur coal reserves to Consol's holdings, as well as four coal preparation plants.




In 2006, Amvest shipped about 4.9 million tons of coal, with about 84 percent of that sold to domestic and international utilities.


Read more at Reuters.com Mergers News

Cadence Design buyout talks stall over price: paper

(Reuters) - At $6.5 billion, Cadence may be too expensive for the firms, the Times said. The Times first reported interest in Cadence on June 4.




Neither Blackstone, KKR nor Cadence immediately returned calls seeking comment.


Read more at Reuters.com Business News

CyberSource to buy Authorize.Net for $565 mln

(Reuters) - Authorize.Net provides Internet-based payment technology to
over 175,000 customers in the small business sector.




Read more at Reuters.com Mergers News

Angola crude exports steady at 1.65 mln bpd in Aug

(Reuters) - OPEC member Angola is set to export 1.65 million barrels per day of crude oil in August, matching its record volume in July, traders said on Monday.

Increased loadings in Xicomba crude helped offset declines in Girassol and Nemba.


Read more at Reuters Africa

Growth of global mergers poses risks - IMF'S Rato

(Reuters) - First, banks underwriting the deals would be exposed, and
secondly, a reappraisal of market risk stemming from failed
mergers could curtail access to credit for lower-rated
companies, affecting investment and economic growth.




"So, in looking at these deals, investors need to exercise
due diligence, and regulators must be vigilant about possible
broader effects of these mergers on economies," Rato said.


Read more at Reuters.com Bonds News

ACE Aviation Holdings, Agrium, Alcan and Legacy: Canadian Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes in Canadian markets
today. This preview includes news that broke after markets closed
June 15. Symbols are in parentheses after company names and prices
are from the last close.

The Standard & Poor's/TSX Composite Index added


Read more at Bloomberg Stocks News

VeriFone to offer $275 mln of senior convertible notes

(Reuters) - VeriFone said it will use the net proceeds to repay in part
the senior secured bank debt of its principal operating
subsidiary, VeriFone Inc.





Read more at Reuters.com Bonds News

TREASURIES-Prices rise on tame inflation outlook

(Reuters) - The day's main economic report is a sentiment gauge from the
National Association of Home Builders, which is seen as a proxy of
future U.S. housing activities.




A sluggish NAHB reading, which matched a 15-year low in May,
could encourage buying among traders which have been rattled by
the growing view of rising global rates and the Federal Reserve
not lowering interest rates this year, analysts said.


Read more at Reuters.com Bonds News

Actelion, Alcoa, Emeritus, Force Protection, Lexicon: U.S. Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes on U.S. exchanges
tomorrow. This preview includes news that broke after exchanges
closed two days ago. Stock symbols are in parentheses after
company names. Shares prices are as of 7:30 a.m. New York time.

Actelion Ltd. (ALIOF US) shares rose $1.44, or 3.1 percent,
to $47.89 in regular trading in Germany. A newly approved rival
to its best-selling Tracleer lung treatment may not be as big a
threat as previously thought, some analysts said. Gilead Sciences
Inc. (GILD US) on June 15 won U.S. approval for ambrisentan,
which will compete with Tracleer as a treatment for pulmonary
arterial hypertension, a narrowing of the arteries that causes
shortness of breath and heart failure.


Read more at Bloomberg Stocks News

European Power Prices May Jump Because of Warm Rivers, Merrill Lynch Says

(Bloomberg) -- European power prices may jump this
summer because of limits on how much hot water utilities can
return to rivers and seas when the weather is warm, Merrill Lynch
& Co. said.

Utilities in Germany, including E.ON AG and Vattenfall AB,
have been forced to reduce capacity in at least one nuclear plant
in Europe's biggest power market because of environmental
restrictions on the water used to cool facilities.


Read more at Bloomberg Energy News

Salix says higher dose of bowel drug effective

(Reuters) - Salix already markets Colazal, also known as balsalazide,
in 750 mg strength.





Read more at Reuters.com Government Filings News

Rosneft First-Quarter Net Income Falls 25 Percent on Higher Taxes, Costs

(Bloomberg) -- OAO Rosneft, set to become Russia's
largest oil producer, said profit declined 25 percent in the
first quarter on higher export taxes and a weaker dollar.

Net income declined to $602 million from $802 million a
year earlier, state-run Rosneft said in an e-mailed statement
today. That is 7.5 percent higher than the $560 million estimate
in a Bloomberg survey of seven analysts. Revenue advanced 12
percent to $8.2 billion, more than the $8 billion in the survey.


Read more at Bloomberg Emerging Markets News

Indonesia Rupiah Gains on Investors' Risk Appetite: World's Biggest Mover

(Bloomberg) -- Indonesia's rupiah had its biggest
advance in more than a year as overseas investors returned to
the country's financial markets. Bonds rose.

The rupiah gained 1.6 percent, the biggest fluctuation of
any major currency, as the Jakarta Composite Index of stocks
rose as much as 0.8 percent to a record. The Philippine peso and
Malaysian ringgit also rose as a rebound in U.S. Treasuries gave
investors confidence to invest in emerging markets.


Read more at Bloomberg Currencies News

U.K. FTSE 100 Stocks Including Vodafone Drop; ICI, Prudential Shares Rise

(Bloomberg) -- U.K. stocks including Vodafone Group
Plc, the world's largest mobile-phone company, fell.

Imperial Chemicals Industries Plc paced advancing shares.
The U.K. maker of Dulux and Glidden paints rejected a 7.2
billion-pound ($14.2 billion) bid from Akzo Nobel NV of the
Netherlands as too low. Shares of Prudential Plc also gained.


Read more at Bloomberg Stocks News

Rival bidders for CBOT mull higher offers: report

(Reuters) - Atlanta-based energy exchange IntercontinentalExchange Inc. , which has been pursuing a hostile bid for CBOT since March, is also considering whether to raise its offer a third time, Bloomberg said.




Each bidder has already raised its offer twice for the parent of the Chicago Board of Trade.


Read more at Reuters.com Business News

China's Shares Surge, Completing Recovery From Rout: World's Biggest Mover

(Bloomberg) -- China's key stock index rose to a
record, having taken less than two weeks to rebound from a rout
that erased more than $400 billion of market value.

China Merchants Bank Co. and property developer China Vanke
Ltd. paced gains after policy makers held off from raising
borrowing costs. Premier Wen Jiabao last week said monetary
policy needs ``moderate tightening,'' after reports showed
inflation is at a two-year high and money-supply growth exceeds
the central bank's target.


Read more at Bloomberg Stocks News

Tullow, Anadarko make big Ghana oil find

(Reuters) - London-based Tullow Oil Plc announced the discovery of up to 600 million barrels of high-quality oil at a block in Ghana owned with Anadarko Petroleum Corp., sending Tullow shares up over 10 percent.

Tullow also said in a statement on Monday the structure it successfully drilled in the West Cape Three Points Block extended into an adjacent exploration block, which Tullow also co-owns with Texas-based Anadarko, suggesting further potential upside for the partners.


Read more at Reuters Africa

German Day-Ahead Power Price Climbs on Forecast for Near-Zero Wind Output

(Bloomberg) -- German power prices for next-day
delivery climbed on forecasts wind power output will drop to
almost nothing, reducing supplies in Europe's biggest
electricity market. Year-ahead prices fell.

Baseload German power climbed as much as 15 euros, or 38
percent, to 55 euros ($74) a megawatt hour from the close for
Friday delivery, the last working day, according to prices from
GFI Group Inc. on Bloomberg. The contract traded at 54.85 euros
at 10 a.m. in Berlin. Baseload refers to electricity delivered
around the clock.


Read more at Bloomberg Energy News

BHP, Teck, Newmont May Have Reduced Copper Processing Fees, Macquarie Says

(Bloomberg) -- Mining companies, including the
world's largest BHP Billiton Ltd., may have reduced fees paid to
smelters for processing raw material into refined copper under
mid-year contracts, according to Macquarie Bank Ltd.

Some agreements on so-called treatment and refining charges,
or TC/RCs, have been reached by miners, including BHP, Teck
Cominco Ltd. and Newmont Mining Corp., the bank said in a report
today. Miners may have lowered fees from previous settlements,
and either excluded or limited ``price-participation'' clauses
allowing smelters to benefit from copper price gains, it said.


Read more at Bloomberg Commodities News

Alitalia shares slide amid worries about sale

(Reuters) - Aeroflot denied a report by Russian news agency Interfax that it had pulled out of the bidding for the government's 49.9 percent stake but said a purchase would depend on price.




"Everything depends on the conditions," Irina Dannenberg, spokeswoman for Aeroflot, said. "We are not happy with the conditions and do not intend to buy Alitalia at any price."


Read more at Reuters.com Hot Stocks News

Brazilian Real, Chilean, Colombian Peso: Latin American Currency Preview

(Bloomberg) -- The following events and economic
reports may influence trading in Latin American currencies
today. Exchange rates are from the previous week.

Brazilian real: Retail sales probably rose 9.5 percent in
April from a year earlier, after rising 11.5 percent in the 12
months through March, according to the median forecast in a
Bloomberg survey of nine economists.


Read more at Bloomberg Currencies News

Akzo Nobel, Pearson, Altadis: European Credit-Default Swap Movers

(Bloomberg) -- The perceived risk of owning
European corporate bonds fell the most in two months today.

Contracts based on 10 million euros ($13 million) of
credit-default swaps included in the iTraxx Crossover Series 7
Index dropped 3,500 euros to 190,500 euros at 9:50 a.m. in
London, according to JPMorgan Chase & Co. prices on Bloomberg.
The index is at a two-week low.


Read more at Bloomberg Bonds News

Emirates orders 8 more A380 from Airbus

(Reuters) - Emirates said it had not yet made a decision on its requirement for 100 aircraft in the middle of the market, which pits the Airbus A350 XWB against the faster-selling Boeing 787.




"For the 350 we have to make a decision in the next few months," Emirates Group Chairman Sheikh Ahmed Bin Saeed Al Maktoum told a news conference.


Read more at Reuters.com Business News

Treasuries Advance as Yields Lure Investors Before U.S. Housing Reports

(Bloomberg) -- U.S. Treasuries rose as yields near
a five-year high attracted some investors before U.S. housing
market data today and tomorrow.

Bonds rebounded after a six-week slide, the longest run of
losses since 2005. An industry report today will show sentiment
among home builders matched the lowest since 1991 and a separate
report tomorrow will signal a decline in housing construction to
a four-month low, according to Bloomberg surveys.


Read more at Bloomberg Bonds News

Australian Mortgage-Backed Bond Sales Set To Rise to a Record, S&P Says

(Bloomberg) -- Sales of bonds backed by Australian
mortgages are set to rise to a record this year because of demand
from foreign investors and a recovery in the housing market,
according to Standard and Poor's.

Sales of the securities in the world's fourth-largest home-
loan securitization market will likely reach A$60 billion ($50.6
billion) by year-end, Alistair Ingram, credit analyst at S&P in
Melbourne, said today.


Read more at Bloomberg Bonds News

Kenya's central bank cuts interest rate to 8.5 pct

(Reuters) - Kenya's central bank said on Monday said it had cut its key CBR interest rate to 8.5 percent from 10 percent.

"The Monetary Policy Advisory Committee (MPAC) held its fifteenth meeting on Wednesday ... and advised the CBK (Central Bank of Kenya) to set the CBR at 8.5 percent," a weekly bulletin from the central bank said. "The Central Bank concurred with the recommendation."


Read more at Reuters Africa

GLOBAL MARKETS-Euro strong vs yen, stocks test fresh peaks

(Reuters) - LONDON, June 18 - The euro hit an all-time high
against the yen on Monday amid expectations that Japan's low
interest rates will rise only gradually, while stocks reached
fresh peaks on confidence the global economy will remain strong.




The New Zealand dollar held firm despite suspicions the
central bank had again interevened to sell the high-yielding,
high-flying currency, while U.S. and euro zone government bonds
steadied after last week's hefty sell-off.


Read more at Reuters.com Economic News

House Prices in London Gain at Slowest Pace in Five Months, Rightmove Says

(Bloomberg) -- London house prices rose at the
slowest pace in five months in June as the cost of a home fell in
more than half of the U.K. capital's boroughs, Rightmove Plc said.

Asking prices increased 0.7 percent from a month earlier to
387,898 pounds ($764,000), half the pace of May, as values fell in
17 of the city's 32 districts, the U.K.'s biggest real-estate Web
site said in a statement today. Gains across the U.K. outpaced
London for the first time since January, with a 0.8 percent
increase in June.


Read more at Bloomberg Currencies News

Platinum Gains as Anglo Platinum Halts Rustenberg Mine; Palladium Advances

(Bloomberg) -- Platinum rose the most in two weeks
after South Africa's Anglo Platinum Ltd., the world's biggest
producer, halted output at its largest mine following the deaths
of five workers in the past two weeks. Palladium also advanced.

The Rustenburg mine will be closed for as long as seven
days, reducing annual production by between 10,000 and 15,000
ounces, Johannesburg-based Anglo Platinum said in a statement
today. Platinum supply fell short of demand in seven of the past
eight years, helping prices to more than triple since 1998.


Read more at Bloomberg Commodities News

U.K. FTSE 100 Index Rises, Paced by ICI, Prudential Shares; Vodafone Drops

(Bloomberg) -- U.K. stocks advanced, led by Imperial
Chemicals Industries Plc. The U.K. maker of Dulux and Glidden
paints rejected a 7.2 billion-pound ($14.2 billion) bid from Akzo
Nobel NV of the Netherlands as too low.

Shares of Prudential Plc also advanced. Vodafone Group Plc
fell after gaining for three straight days.


Read more at Bloomberg Stocks News

U.K. Natural Gas Gains on Forecast for Rising Demand, Decline in Supplies

(Bloomberg) -- U.K. natural gas for intraday
delivery rose as forecasts showed demand may increase today and
supplies of the fuel may decline. The higher within-day costs
boosted day-ahead and next-month prices.

Gas for delivery within day at the National Balancing
Point, the U.K. trading hub, added 0.7 percent to 22.4 pence a
therm at 8:29 a.m. in London, according to energy broker
Spectron Group Plc. That equals $4.44 a million British thermal
units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

Zimbabwe Bindura sees big drop in '06 nickel output

(Reuters) - Zimbabwe's Bindura Nickel posted a nine percent fall in processed nickel output in 2006 because of constrained production and equipment breakdowns at its two mines, a senior company official said on Monday.

Bindura, the country's largest nickel producer, also saw ore production declining to 1.52 million tonnes, from 1.65 million in 2005.


Read more at Reuters Africa

Rival bidders for CBOT mull higher offers-report

(Reuters) - Atlanta-based energy exchange IntercontinentalExchange Inc.
, which has been pursuing a hostile bid for CBOT since
March, is also considering whether to raise its offer a third
time, Bloomberg said.




Each bidder has already raised its offer twice for the
parent of the Chicago Board of Trade.


Read more at Reuters.com Mergers News

FTSE Shares Including ICI, Prudential Gain; Vodafone Falls After Report

(Bloomberg) -- U.K. stocks including Imperial
Chemicals Industries Plc rose. The U.K. maker of Dulux and
Glidden paints rejected a 7.2 billion-pound ($14.2 billion) bid
from Akzo Nobel NV of the Netherlands as too low.

Shares of Prudential Plc also advanced. Vodafone Group Plc
fell after gaining for three straight sessions.


Read more at Bloomberg Stocks News

Russian Economy to Expand 6.3 Percent a Year Through 2010, Naryshkin Says

(Bloomberg) -- Russia's economy will expand at an
annual rate of 6.3 percent in the five years through 2010,
Deputy Prime Minister Sergei Naryshkin said.

The government will meet its inflation target of 8 percent
or less this year as the pace slows from 4.7 percent in the
first five months of the year, Naryshkin told investors today at
a conference organized by Renaissance Capital in Moscow.


Read more at Bloomberg Emerging Markets News

UPDATE 1-Akzo Nobel says ICI rejected takeover approach

(Reuters) - "Akzo Nobel will continue to evaluate all strategic
opportunities, including ICI, based on a disciplined and
value-driven approach to earnings and returns over cost of
capital," it said in a statement.




It said there was no certainty it would make a further
proposal to ICI or that any offer would result.


Read more at Reuters.com Mergers News

Allianz, Hochtief, Metro, Volkswagen May Move: German Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in German markets today. Stock symbols are in parentheses after
the company names and prices are from the Xetra close June 15
unless otherwise stated.

DAX futures expiring in September rose 21.50, or 0.3
percent, to 8129.50 at 8:18 a.m. in Frankfurt. Germany's
benchmark DAX jumped 181.48, or 2.3 percent, to 8030.64 on the
Xetra electronic-trading system.


Read more at Bloomberg Stocks News