Apollo, Ariba, Corn Products, CryoCor, Priceline: 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 8:30 a.m. New York time.

American Home Mortgage Investment Corp. (AHM US) fell $1.81,
or 8.7 percent, to $19.10 in trading before U.S. exchanges
opened. The lender specializing in adjustable-rate mortgages
withdrew its fiscal 2007 earnings guidance and said it will
likely have a second-quarter loss.


Read more at Bloomberg Stocks News

Oil Gains as U.S. Refineries Increase Output, Midwest Stockpiles Decrease

(Bloomberg) -- Crude oil rose after supplies in the
U.S. Midwest fell to their lowest since March as refineries started
making more gasoline to meet summer demand.

Crude stockpiles in Cushing, Oklahoma, where the West Texas
Intermediate benchmark crude is priced, fell by 1.5 million barrels
last week, the Department of Energy said. Refineries increased runs
to 89.4 percent of capacity for the same week.


Read more at Bloomberg Commodities News

Yen Falls, Heading for Biggest Quarterly Loss Since 2001 Versus the Dollar

(Bloomberg) -- The yen headed for its biggest
quarterly loss against the dollar since 2001 as a drop in
consumer prices reinforced speculation the Bank of Japan will
keep interest rates on hold.

Japan's currency has declined 4.3 percent this quarter
versus the dollar as investors borrowed yen to buy higher-
yielding assets in carry trades. A report showed today Japanese
consumer prices fell 0.1 percent last month. The central bank has
kept its key rate at 0.5 percent, the lowest amongst major
economies, since February.


Read more at Bloomberg Currencies News

Year-over-year core PCE index up 1.9 pct in May

(Reuters) - This latest reading should provide some comfort to Federal Reserve policy-makers who on Thursday opted to hold interest rates steady but still cautioned that inflation was a key concern.




"It's a dip into their comfort zone and if it's sustainable going forward, I think it suggests that the Fed is not in a position to raise rates any time this year," said John Silvia, chief economist at Wachovia Securities in Charlotte, North Carolina.


Read more at Reuters.com Economic News

U.S. Stock-Index Futures Gain After Inflation Measure Matches Forecasts

(Bloomberg) -- U.S. stock-index futures advanced
after a government report showed a measure of inflation matched
forecasts last month, giving the Federal Reserve leeway to cut
rates should the economy slow.

Research In Motion Ltd. rallied after the maker of the
BlackBerry e-mail phone reported first-quarter earnings that
topped analysts' estimates. Apple Inc. climbed on the day its
iPhone goes on sale in the U.S.


Read more at Bloomberg Stocks News

RPT-TREASURIES-Bonds add gains after U.S. core inflation data

(Reuters) - Benchmark 10-year notes were up 7/32 in price
for a 5.08 percent, versus 5.09 percent shortly before the core
PCE data and 5.11 percent late Thursday. Bond prices and yields
move inversely.




Read more at Reuters.com Bonds News

Pound Heads for Sixth Quarterly Gain on View Rates Have Further to Rise

(Bloomberg) -- The pound headed for a quarterly
gain, its sixth in a row, after a rise in consumer and mortgage
lending supported the view that the Bank of England will keep
raising interest rates to curb inflation.

Data showed consumer credit growth almost doubled in May and
mortgage approvals unexpectedly rose to a three-month high,
suggesting the BOE must do more to cool price growth. Policy
makers next decide on interest rates on July 5, and economists
surveyed by Bloomberg News expect them to lift the main benchmark
a quarter-point to 5.75 percent.


Read more at Bloomberg Currencies News