U.S. Gasoline Pump Prices Likely to Keep Climbing After July Fourth Break

(Bloomberg) -- Americans taking to the highway over
the July Fourth holiday face gasoline prices that are higher
than a year ago and likely to climb further by the end of
summer.

In four of the past five years, the pump price in the U.S.
peaked in late summer or early fall, according to Energy
Department data. Below-normal fuel inventories and the
possibility that hurricanes will disrupt refineries and
pipelines may cause gasoline to top the record set last month,
when prices touched $3.227 a gallon on average nationwide.


Read more at Bloomberg Energy News

Wesfarmers set to win Coles with sweeter bid: paper

(Reuters) - At the top end of the reported range, the bid would be worth about A$20.7 billion .




The paper, which did not cite sources, also said that because of the sweeter bid, Coles was unlikely to consider a second bid for parts of its operations from rival supermarket chain Woolworths Ltd. .


Read more at Reuters.com Business News

UPDATE 2-Virgin Media seeks buyer, Carlyle bids -sources

(Reuters) - LONDON, July 1 - British cable operator Virgin
Media has appointed Goldman Sachs to seek a possible
buyer after it received approaches from various private equity
firms, people familiar with the situation said on Sunday.




Carlyle Group [CYL.UL], for one, offered in recent weeks to
buy the company, whose leading shareholder is the flamboyant
entrepreneur Richard Branson, the sources said, but they declined
to disclose the price put forward.


Read more at Reuters.com Mergers News

Gas May Rise in New York on Buying After Last Week's Decline, Survey Shows

(Bloomberg) -- Natural gas in New York may rise next
week as buyers enter the market after the August contract tumbled
7 percent from the June 22 close of $7.26 to today's close of
$6.773 per million British thermal units.

Seven of 16 traders and analysts, or 44 percent, said New
York gas futures will rise, while three others, or 19 percent,
said prices will fall, according to a survey today by Bloomberg
News. Six respondents, or 38 percent, said prices will be little
changed. The percentages may not total 100 because of rounding.


Read more at Bloomberg Energy News

Danone LU arm to meet staff amid sale talk: source

(Reuters) - The source added that LU management had informed trade
unions that the meeting would be to discuss "changes within the
biscuit division."




The meeting comes amid market speculation and press reports
that Danone might sell LU, with U.S. company Kraft Foods
seen as a likely buyer.


Read more at Reuters.com Business News

Discover may struggle after spinoff-Barron's

(Reuters) - Barron's said that Discover "shares, like its fundamentals,
are apt to come up short."




Read more at Reuters.com Mergers News

WEEKEAHEAD-Emerging debt gains at risk as liquidity dries up

(Reuters) - With many investors going on vacation in July, and with a
week shortened by the U.S. Independence Day holiday on
Wednesday, market liquidity is expected to decrease.




Volatility may increase, and analysts fear the market may
not be able to hold a positive performance if the subprime
mortgage market continues to provide material for negative
headlines.


Read more at Reuters.com Bonds News