Hedge fund Och-Ziff Capital files for IPO

(Reuters) - Goldman Sachs and Lehman Brothers are serving as co-lead managers for the offering.




Read more at Reuters.com Business News

White Sugar Falls for 2nd Day After F.O. Licht Raises Production Forecast

(Bloomberg) -- White sugar fell for a second
straight trading session in London after German commodity
research company F.O. Licht lifted its production forecast.

Global sugar-cane output, led by an increase from India,
will be 4.6 percent higher than previously forecast, bolstering
a surplus, F.O. Licht said in an e-mailed report today. Output
will be 130 million tons in the 2006-2007 season, up 19 percent
from last year, the Ratzeburg, Germany-based group said. India
is the world's second-biggest producer, after Brazil.


Read more at Bloomberg Commodities News

Biogen says completes $3 billion share buyback

(Reuters) - The company said it will borrow $1.5 billion through a loan
agreement with Merrill Lynch Capital Corp. as administrative
agent and Goldman Sachs Credit Partners LP as syndication agent
to partially finance the share repurchase.




Read more at Reuters.com Bonds News

Trump Entertainment does not reach buyout deal

(Reuters) - Trump Entertainment, which runs three casinos in Atlantic City, New Jersey, said none of the indications of interest was likely to lead to a transaction that was in the best interests of the company and its shareholders.



Trump Entertainment said it will continue to review other strategic options.


Read more at Reuters.com Bonds News

Brazil's Real Gains After Better-Than-Expected Trade Data, Growth Forecast

(Bloomberg) -- Brazil's currency rose after better-
than-expected trade surplus data increased bets that dollar
flows to Brazil will remain strong.

The real rose 0.2 percent to 1.9255 per dollar at 9:25 a.m.
New York time, leaving it up 11 percent this year.


Read more at Bloomberg Currencies News

Crude Oil Falls From 10-Month High on Signs Gasoline Supplies May Increase

(Bloomberg) -- Crude oil fell from near a 10-month high
in New York on speculation U.S. gasoline inventories would increase
as refineries increased output.

Crude oil for August delivery fell as much as 62 cents, or 0.9
percent, to $70.06 a barrel in after-hours electronic trading on
the New York Mercantile Exchange. The contract traded at $70.10 at
9:13 a.m. in New York.


Read more at Bloomberg Commodities News

GLOBAL ECONOMY-Europe factories flourish in June, Japan's slip

(Reuters) - PARIS, July 2 - Germany lifted the overall rate of
growth in the euro zone's manufacturing sector to a 4-month high
in June but growth slowed in other key European countries and in
Japan, monthly business surveys show.




Surveys of purchasing managers at thousands of companies
across the globe showed growth continued everywhere -- with
notable accelerations in Germany and Spain and eye-catching
slowdowns in growth rates in Britain and above all Japan.


Read more at Reuters.com Economic News