UPDATE 1-EMI buyer gets 85 pct of shares, extends deadline

(Reuters) - Terra Firma, which is offering 265 pence a share to buy the
British music company for 2.4 billion pounds ,
had a Sunday deadline to receive 90 percent of the shares as a
condition tied to its financing agreement for the deal with
adviser Citigroup .




EMI shares had slipped further from the offer price over the
last few days as investors worried the takeover might collapse
because of deterioration in credit markets. They closed up 1.1
percent on Friday at 252 pence.


Read more at Reuters.com Mergers News

US STOCKS-Indexes up on Boeing, Amazon.com; housing eyed

(Reuters) - NEW YORK, July 25 - U.S. stocks rose on
Wednesday, bouncing back from the prior session's tumble, as
solid profits and outlooks from Boeing Co and Amazon.com
Inc. quashed concerns about the housing slump.




Financial company shares, which declined sharply on
Tuesday, also underpinned the market's rebound, with Citigroup
rising 1.1 percent to $49.87.


Read more at Reuters.com Bonds News

NYSE fines Citigroup's Smith Barney $50 mln

(Reuters) - The Citigroup unit, which is an NYSE member firm, also
violated rules by failing to supervise trading of mutual funds
and maintain adequate records, the exchange said.





Read more at Reuters.com Government Filings News

UPDATE 1-Ceradyne profit rises on stronger sales

(Reuters) - Ceradyne, which makes ceramic plates for body armor worn by
U.S. troops in Iraq, said quarterly net profit rose to $38.3
million, or $1.38 per share, from $29.1 million, or $1.07, a
year ago.




Earnings per share were boosted by a lower-than-expected
share count, tacking on 4 cents per share, Citigroup analyst
Ferat Ongoren said in a note.


Read more at Reuters.com Market News

Mexican stocks up, driven by Grupo Mexico gains

(Reuters) - Citigroup raised its long-term copper price assumption to
$1.45 per pound, saying the copper market was enjoying a repeat
of its performance in the 'super cycles' of 50 and 100 years
ago.




Grupo Mexico jumped 1.99 percent to 80.97
after the announcement.


Read more at Reuters.com Bonds News

UPDATE 2-Citigroup 2nd-qtr profit rises 18 pct

(Reuters) - NEW YORK, July 20 - Citigroup Inc. , the largest U.S. bank, said on Friday that second-quarter profit rose 18 percent, helped by record revenue growth, especially outside the United States, and tight cost controls.



Net income increased to $6.23 billion, or $1.24 per share, from $5.27 billion, or $1.05, a year earlier.


Read more at Reuters.com Bonds News

U.S. Stock-Index Futures Are Little Changed; Google Falls, SanDisk Gains

(Bloomberg) -- U.S. stock-index futures were little
changed before Citigroup Inc., the world's biggest financial-
services firm, and Caterpillar Inc., the world's largest maker of
earthmoving equipment, report quarterly earnings.

Citigroup and Caterpillar shares declined in Europe. Google
Inc. tumbled after rising costs at the world's most-popular
Internet-search engine caused second-quarter profit to miss
analysts' estimates. Schlumberger Ltd., the world's largest
oilfield-services provider, advanced after its earnings beat
analysts' estimates.


Read more at Bloomberg Stocks News

Vietnam Hires Barclays, Citigroup, Deutsche Bank for $1 Billion Bond Sale

(Bloomberg) -- Vietnam chose Barclays Capital,
Citigroup Inc. and Deutsche Bank AG to manage its second
international bond sale, said Nguyen Thanh Do, director of the
finance ministry's external financing department.

The ministry said in May that the government plans a $1
billion bond sale by September. Vietnam sold $750 million worth
of dollar-denominated debt in 2005, in an offering where demand
exceeded supply by six times. Credit Suisse Group arranged the
sale.


Read more at Bloomberg Bonds News

U.S. Stock-Index Futures Are Little Changed; Google Tumbles in Europe

(Bloomberg) -- U.S. stock-index futures were little
changed before Citigroup Inc., the world's biggest financial-
services firm, reports quarterly earnings.

Citigroup shares fell in Europe. Caterpillar Inc., the
world's biggest maker of earthmoving equipment, dropped before
posting earnings. Google Inc. tumbled after rising costs at the
world's most-popular Internet-search engine caused second-quarter
profit to miss analysts' estimates.


Read more at Bloomberg Stocks News

UPDATE 1-Chile's Quinenco agrees to alliance with Citigroup

(Reuters) - Manufacturing conglomerate Quinenco , which
controls Banco de Chile, said in a statement to the Chilean
stock exchange that Citigroup would have a 32.96 percent stake
in Banco de Chile's parent company, which could rise to 50
percent.




Quinenco said it would retain control of the parent
company, LQ Financial Investments.


Read more at Reuters.com Mergers News

FTSE down as Lonmin weighs on miners; banks support

(Reuters) - Britain's leading shares reversed earlier gains on Monday as Lonmin dragged mining stocks into the red after cutting its full-year sales forecast but M&A activity boosted banks.

Lonmin, the world's third-biggest platinum producer, dipped 7 percent after it cut its full-year sales forecast, blaming difficulties in processing lower grade ores and bottlenecks at refineries. Citigroup also cut its price target to "hold" from "buy".


Read more at Reuters Africa

Pound Rally Fools Biggest Traders as Rising Bond Yields Lure Kokusai, Axa

(Bloomberg) -- Investors who listened to the world's
three biggest currency traders and bet against the pound this
year couldn't have been more wrong.

Instead of falling, the U.K. currency has risen 3.8 percent
to a 26-year high of $2.0367. Strategists at Frankfurt-based
Deutsche Bank AG, UBS AG in Zurich and Citigroup Inc. of New York
predicted in December it would trade at $1.96 or lower this year.


Read more at Bloomberg Currencies News

T.Italia close to Brasil Telecom stake sale-report

(Reuters) - Egyptian telecom operator Orascom Telecom pulled
out of talks to buy the Telecom Italia stake in Brasil Telecom
last month.




Brasil Telecom's controlling shareholders are a group of
Brazilian state-run pension funds and Citigroup , which
have said in the past they plan eventually to sell their stakes.


Read more at Reuters.com Mergers News

Nippon Sheet Glass, Pioneer, Tokyu Store, Gulliver: Japan's Equity Preview

(Bloomberg) -- The following stocks may move in
Japanese markets on July 9. Prices are as of the close of trading.
Statements were released after the close. Stock symbols are in
parentheses.

FP Corp. (7947 JO): The food container maker was rated
``buy'' in a new coverage at Nikko Citigroup. The stock fell 50
yen, or 1.3 percent, to 3,900.


Read more at Bloomberg Stocks News

European Stocks May Rise; BHP Billiton, Total, Cadbury, Lloyds May Gain

(Bloomberg) -- European stocks may advance for a
third day, led by BHP Billiton Ltd. and Total SA as metal prices
rose and oil traded near a 10-month high.

Cadbury Schweppes Plc might increase. Coca-Cola Co., the
world's largest soft-drink maker, may consider making a bid for
its Snapple fruit-beverage unit. Lloyds TSB Group Plc may climb
after Citigroup Inc. recommended buying shares of the U.K.'s
biggest provider of personal loans.


Read more at Bloomberg Stocks News

Thomson gets 4.8 bln pounds loan for Reuters

(Reuters) - The loan is structured as a 364-day bridge financing and has been arranged by Barclays Capital, Royal Bank of Scotland and Toronto Dominion Bank. J.P. Morgan, Bank of America and Citigroup also participated in the financing.



Pricing is 20 basis points over Libor, with a 5 basis points facility fee.


Read more at Reuters.com Mergers News

RLPC-Thomson gets 4.8 bln pounds loan for Reuters purchase

(Reuters) - The loan is structured as a 364-day bridge financing and has been arranged by Barclays Capital, Royal Bank of Scotland and Toronto Dominion Bank. J.P. Morgan, Bank of America and Citigroup also participated in the financing.



Pricing is 20 basis points over Libor, with a 5 basis points facility fee.


Read more at Reuters.com Bonds News

Chittenden, H&R Block, Nuvelo, Spectra, SurModics: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 10:10 a.m. New York time.

Oil Refiners: Citigroup Global Markets Inc. downgraded
shares of Valero Energy Corp. (VLO US), the largest U.S. refiner,
and Tesoro Corp. (TSO US), the largest refiner in the U.S. West,
to ``sell'' from ``hold'' because of valuations. Sunoco Inc. (SUN
US), the biggest refiner in the Northwest, was cut to ``hold''
from ``buy.'' Valero fell $2.61, or 3.5 percent, to $72.05.
Sunoco lost $3.56 to $76.77 and Tesoro retreated $2.80 to $55.11.


Read more at Bloomberg Stocks News

Andrew, Jones Soda, Mosaic, Nuvelo, Valero Energy: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 9:30 a.m. New York time.

Oil Refiners: Citigroup Global Markets Inc. downgraded
shares of Valero Energy Corp. (VLO US), the largest U.S. refiner,
and Tesoro Corp. (TSO US), the largest refiner in the U.S. West,
to ``sell'' from ``hold'' because of valuations. Sunoco Inc. (SUN
US), the biggest refiner in the Northwest, was cut to ``hold''
from ``buy.'' Valero fell $2.34, or 3.1 percent, to $72.32.
Sunoco lost $2.30 to $78.03 and Tesoro retreated $2.64 to $55.27.


Read more at Bloomberg Stocks News

Andrew, BAE, Best Buy, Jones Soda, Valero Energy: 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 9 a.m. New York time.

Oil Refiners: Citigroup Global Markets Inc. downgraded
shares of Valero Energy Corp. (VLO US), the largest U.S. refiner,
and Tesoro Corp. (TSO US), the largest refiner in the U.S. West,
to ``sell'' from ``hold'' because of valuations. Sunoco Inc. (SUN
US), the biggest refiner in the Northwest, was cut to ``hold''
from ``buy.'' Valero fell $1.21 to $73.45 in trading before U.S.
exchanges opened. Sunoco lost 35 cents to $79.98 and Tesoro
retreated $1.51 to $56.40.


Read more at Bloomberg Stocks News