RPT-AIRSHOW-Boeing shifts green pressure onto engine makers

(Reuters) - PARIS, June 17 - The head of Boeing Co.'s
commercial aircraft unit on Sunday backed a call by rival
Airbus to work closely on producing more environmentally
friendly planes, but said real progress was the responsibility
of jet engine makers, rather than plane builders.




"The questions you ask are more appropriately addressed by
the engine guys than the airframe guys," the chief executive of
Boeing's commercial plane unit said, when pressed on green
issues at a briefing with reporters in Paris on Sunday. "We're
pushing the engine guys as hard as anyone else."


Read more at Reuters.com Bonds News

IPhone seen boosting AT&T, hurting Sprint

(Reuters) - At $500, the iPhone will not convince the average shopper to buy it when sales begin on June 29, surveys show. But those with that kind of cash to spare could prove to be most valuable to the iPhone's exclusive U.S. carrier, AT&T, analysts said.




Wealthier individuals tend to pay monthly bills and are called post-paid subscribers. They are valued over customers who use prepay phone cards and tend to defect to other providers more easily.


Read more at Reuters.com Business News

RPT-IPO VIEW-Blackstone may have to cut range for IPO

(Reuters) - NEW YORK, June 17 - Blackstone Group LP [BG.UL]
could have to cut the expected price range for its initial
public offering in the face of possibly troublesome tax
legislation and rising bond yields, some portfolio managers and
analysts said on Friday.




Those investors expect the week's events to cut the price
guidance anywhere from 2 percent to 6 percent.


Read more at Reuters.com Bonds News

RPT-Bay Street Week Ahead-Rising C$ puts squeeze on big oil

(Reuters) - CALGARY, Alberta, June 17 - Spurred on by rising
crude prices, the shares of Canada's oil producers have posted
big gains in recent months as investors anticipate higher
earnings for the sector.




But that market strength may moderate as a rising Canadian
dollar eats into the profits.


Read more at Reuters.com Market News

Israel's Index Gains, Led by Electronic-Payment Equipment Maker VeriFone

(Bloomberg) -- Israeli stocks gained the most since
April, led by VeriFone Holdings Inc., the world's largest maker
of electronic-payment equipment.

The TA-25 Index added 20.79, or 1.9 percent, to 1128.11 at
12:43 p.m. in Tel Aviv, the biggest one-day gain since April 4.
Twenty-four shares advanced and one declined.


Read more at Bloomberg Stocks News

GM aims to sell 100,000 Chevrolets in Germany: paper

(Reuters) - Chevrolet's European sales rose 15.6 percent in 2006 to more than 341,000 cars, including 23,132 in Germany, helping to push General Motors' overall European sales over the 2 million mark for the first time.




Sommer said Chevrolet planned to increase the number of dealers in Germany over the next two years to between 350 and 360, from 300 now, and the number of outlets to 600, from 450.


Read more at Reuters.com Business News

UPDATE 1-Israel's ECI Telecom may be bought for over $1 bln

(Reuters) - ECI has about 118 million shares outstanding, which would
make the deal worth $1.18 billion. Its shares closed at $8.92
on Nasdaq on Friday, up 3.8 percent.




Swarth is an investment vehicle controlled by Shaul Shani.


Read more at Reuters.com Mergers News