Dow Jones rival bid plan may include family: reports

(Reuters) - Selling Dow Jones, publisher of The Wall Street Journal, to GE and Pearson, would be a better journalistic fit than News Corp., but there is "no rush" to examine the plan, an unidentified Bancroft family member told the Financial Times.




Talks are at an early stage and could collapse or result in another structure for a Dow Jones bid, both papers reported.


Read more at Reuters.com Business News

Japan Shares Rise to Highest Since February, on Easing U.S. Inflation, Yen

(Bloomberg) -- Japanese stocks advanced, driving
key indexes to the highest since February, after a report showed
U.S. core consumer prices slowed, increasing speculation Japan's
biggest overseas market will expand without adding to inflation.

Toyota Motor Corp., the world's largest automaker by market
value, climbed to the highest since March and Canon Inc., which
made almost one third of its sales in North America last year,
had the biggest gain in a month.


Read more at Bloomberg Stocks News

UBS cuts earnings forecasts for S.Korean chip makers

(Reuters) - The investment bank said it would lower its 2007 net income
forecast for Samsung Electronics Co. Ltd. by 6.9
percent to 8.3 trillion won and its 2008
estimate by 4.6 percent to 10.4 trillion won.




UBS also cut its share target price on Samsung to 670,000
won from 690,000 won. Shares in the world's biggest maker of
memory chips were up 0.7 percent to 578,000 won by 0047 GMT,
following tame U.S. inflation data.


Read more at Reuters.com Hot Stocks News

Dollar May Decline Against Yen on Concern Reports to Show Housing Slowdown

(Bloomberg) -- The dollar may weaken from near a 4
1/2-year high against the yen before U.S. government reports
this week that are likely to show a slump in the housing market.

U.S. Treasury yields, close to the highest in five years,
may increase borrowing costs for home owners and depress house
prices, threatening expansion in the world's largest economy.
The dollar declined against 11 of the 16 most-traded currencies
last quarter when housing starts tumbled to the lowest since
1997.


Read more at Bloomberg Currencies News

South Korea's Kospi Index Climbs, Led by, Samsung, LG.Philips, SK Corp.

(Bloomberg) -- South Korea's benchmark stock index,
the Kospi Index, rose 0.90 percent at 9:05 a.m.

The index of 730 companies traded on the Korea Exchange rose
15.92 to 1,788.18. Among the stocks in the index, 489 rose, 136
fell and 105 were unchanged.


Read more at Bloomberg Stocks News

JGB futures rise on Fukui comments, Treasury rally

(Reuters) - September futures rose 0.40 point on the day to
131.70, moving away from a seven-year low of 130.76 hit last
week.




The benchmark 10-year yield dropped 5 basis
points to 1.885 percent, moving away from an 11-month high of
1.985 percent hit last week.


Read more at Reuters.com Bonds News

China, Indonesia, Malaysia, Singapore, Sri Lanka: Asia Local Bond Preview

(Bloomberg) -- The following events and economic
reports may influence trading in Asian local-currency bonds
today. Yields are from the previous session.

China: The government will sell 30 billion yuan ($3.9
billion) of 10-year bonds on June 22. It sold the same maturity
on March 21 at a yield of 3.4 percent. Fixed-asset investments
in China rose 25.9 percent in the first five months from a year
earlier, topping the 25.5 percent increase in the first four
months, a June 15 report showed.


Read more at Bloomberg Bonds News