Nymex Gas Rises on Threat of Disruption to Supply During Hurricane Season

(Bloomberg) -- Natural gas in New York advanced as
buyers took advantage of lower prices before the possible arrival
of tropical storms that would cause the power-plant fuel to rise.

Since hitting a 2007 high of $8.191 on June 4, the near-
month contract has fallen 27 percent on slack demand for
electricity from gas-fired plants as mild weather limited air-
conditioning use.


Read more at Bloomberg Energy News

U.S. economic growth revised down for 2004-2006

(Reuters) - In annual revisions to the government's broadest measure of
economic output, the Commerce Department's Bureau of Economic
Analysis revised down gross domestic product for all three
years.




"The expansion that followed the 2001 downturn is milder
than previously estimated," the BLS said in releasing its
revisions that reflected more complete source data.


Read more at Reuters.com Economic News

Fannie Mae portfolio grows in June, down in 2007

(Reuters) - Fannie Mae said that its non-agency securities totaled $122.8
billion at the end of the second quarter, of which $47.2 billion
were backed by subprime loans. Nearly all of the subprime-backed
bonds, $46.9 billion, were rated 'AAA' or the equivalent by at
least two ratings agencies and none of them have been downgraded,
Fannie Mae said.




Read more at Reuters.com Bonds News

Sarkozy preens, ruffles feathers on African tour

(Reuters) - Making his first visit to sub-Saharan Africa since his
election as French president in May, Sarkozy set out his Africa
policy in a public speech to Senegal's main university late on
Thursday, acknowledging colonialism's ills and calling for
democracy, liberty, justice and law, to a mixed reception.




"Cliches, more cliches and still cliches. What an insult!"
the Dakar daily Sud Quotiden said on its front page on Friday.


Read more at Reuters.com Bonds News

July consumer sentiment at 5-month peak: U.Mich

(Reuters) - But it bounced back from June's final reading of 85.3, a 10-month low, and posted the index's best showing since February, when it stood at 91.3.




Read more at Reuters.com Bonds News

US economy, exports driven by global growth-Paulson

(Reuters) - "Now I believe what we're seeing is a strong global
economy. This is the strongest global economy I've seen in 32
years. The growth rate in Europe has doubled. We've got growth
throughout Asia. Japan is now growing, so I think this is being
driven by strong growth outside of the U.S."




The Commerce Department said earlier that U.S. economic
growth rebounded to 3.4 percent during the second quarter, its
strongest pace since the beginning of last year on a surge in
business investment, increased government spending and improved
trade performance. The data marked a big turnaround from anemic
0.6 percent growth in the first quarter, a figure previously
reported as 0.7 percent.


Read more at Reuters.com Bonds News

Crocs, Cymer, Deckers, Isilon Systems, Netgear, QLogic: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges.
Stock symbols are in parentheses after company names. Share
prices are as of 9:35 a.m. in New York.

Crocs Inc. (CROX US) rose $7.61, or 15 percent, to $58.20.
The maker of resin clogs forecast profit of as much as 62 cents a
share in the third quarter. Analysts expect 43 cents, the average
of six estimates in a Bloomberg survey.


Read more at Bloomberg Stocks News