Yen's Drop to 22-Year Low Threatens Earnings at Nissan, Canon, Mitsubishi

(Bloomberg) -- Nissan Motor Co., Canon Inc. and
Ricoh Co. say the yen's slump to a 22-year low is too much of a
good thing for Japan's exporters.

Nissan, the nation's third-biggest carmaker, can't afford
to rely on exchange rates to compete, Chief Executive Officer
Carlos Ghosn says. Canon Chairman Fujio Mitarai, head of the
country's largest business lobby, and Ricoh President Masamitsu
Sakurai, leader of the biggest executive group, said the yen's
drop is becoming a concern.


Read more at Bloomberg Currencies News

UPDATE 1-JFK terminal closed briefly, suspicious package

(Reuters) - Port authority officials said the package was being
investigated by bomb squad and other experts but the terminal
was reopened and the "all clear" given shortly after it was
evacuated, media reports said.




No information was available on what was inside the
package. The airline said flights were not delayed.


Read more at Reuters.com Bonds News

RPT-IPO-VIEW-MF Global poised for $4 billion IPO

(Reuters) - NEW YORK, July 1 - Man Group , the world's
largest listed hedge fund group, is set to stage what will
likely be the second-largest IPO on a U.S. exchange so far this
year when it spins off its U.S. brokerage arm, MF Global, this
month.




The offering could raise about $3.8 billion, putting it in
a league with Blackstone Group's high-profile $4.13
billion IPO last month. But investors are likely hoping that MF
Global's debut will not mirror the rocky entry of Blackstone
into the public markets.


Read more at Reuters.com Mergers News

Jobs, subprime mess to rule July 4 week

(Reuters) - At the same time, the potential for defaults in subprime loans to spill over to the general economy remains a concern. Nervousness that tighter credit may affect the availability of financing for buyouts prompted investors to sell banks' and brokers' shares on Friday, which helped cut short a morning rally.




In this holiday-shortened week, the most significant data, the June payrolls report, will come on Friday.


Read more at Reuters.com Hot Stocks News

Conrad Black's legal fights far from over

(Reuters) - The jury began deliberating on Wednesday on 13 counts of fraud, racketeering, obstruction, and tax violations that could imprison the 62-year-old Black for the rest of his life and drain what remains of his fortune with fines and forfeitures.




On hold until the criminal case concludes are additional lawsuits involving the Canadian-born Black, a member of Britain's House of Lords.


Read more at Reuters.com Bonds News

Israeli Bonds Rise for Fifth Day on Confidence That Shekel Will Strengthen

(Bloomberg) -- Israel's benchmark Shahar bond rose
for a fifth day as investors expressed confidence that the shekel
will strengthen against the dollar.

The Israeli currency reached a nine-year high against the
dollar in mid-May and has since slid 8 percent. It will probably
maintain its strength now or rise as the dollar weakens further
in international markets, UBS AG said.


Read more at Bloomberg Bonds News

Carlyle lines up $8bln bid for Virgin Media: report

(Reuters) - Providence Equity has also signaled its interest, it added without citing sources.




The Sunday Telegraph report follows a similar story in Saturday's edition of the Times newspaper.


Read more at Reuters.com Business News