Sunday, 01 July 2007

BCE takeover battle may not be over yet -report

(Reuters) - One of the losing BCE suitors, U.S. buyout firm Cerberus
Capital Management LP, has not given up its pursuit of BCE, the
newspaper reported, citing a source close to Cerberus.




"It's not over until we say it's over," it quoted the source
as saying.


Read more at Reuters.com Mergers News

Danone, EDF, Euler, GDF, Sanofi, Soitec, Trigano: French Equity Preview

(Bloomberg) -- Shares of the following companies may
rise or fall on the Paris stock exchange today. Symbols are in
parentheses after company names and prices are from the last
close.

July futures on the CAC 40 Index sank 38.5 to 6032.5 at
8:19 a.m. in Paris.


Read more at Bloomberg Stocks News

European Bonds Gain for First Day in Three; Yield Falls to 4.54 Percent

(Bloomberg) -- European 10-year government bonds
advanced for the first day in three in London.

The yield on the 10-year bund fell 3 basis points to 4.54
percent by 7:05 a.m. in London, the lowest since June 27. The
yield fell 8 basis points last week.


Read more at Bloomberg Bonds News

Tomkins sells Trico Wipers for around 55 mln stg

(Reuters) - Trico manufactures integrated wiper systems for the
automotive market and generated sales in 2006 of 187.5 million
pounds with a loss before tax of 6.7 million.




Read more at Reuters.com Mergers News

Oil eases on profit-taking, higher US refinery use

(Reuters) - Oil prices slipped on Monday as traders took profits after a weekend with no supply disruptions, and looked ahead to a recovery in U.S. refinery use that may boost fuel production.

London Brent crude traded 22 cents lower at $71.19 a barrel by 0242 GMT, after gaining 89 cents on Friday. U.S. light crude eased 23 cents after a $1.11 rally on Friday to the highest settlement since August 2006.


Read more at Reuters Africa

Soybeans May Rise in Chicago as U.S. Farmers Cut Plantings; Corn May Gain

(Bloomberg) -- Soybeans may rise to a three-year
high on the Chicago Board of Trade after U.S. farmers planted
the fewest acres in 12 years. Corn may climb as livestock and
dairy producers snap up the cheapest supplies since April.

Twenty of 25 traders, farm advisers and merchants surveyed
June 29 recommended buying soybeans, and 14 said to buy corn.
Soybeans for November delivery rose 6.1 percent last week to
$8.8175 a bushel, the eighth gain in nine weeks. December corn
tumbled 8.1 percent to $3.5075 a bushel, capping a two-week
decline of 16 percent, the largest such drop since July 1997.


Read more at Bloomberg Commodities News

Bear Stearns Gets Kudos for Dismembering The Bear Market in Treasury Bonds

(Bloomberg) -- Treasury investors can thank Bear
Stearns Cos. for smothering the bear market.

Traders who cut their holdings of U.S. government debt just
a few weeks ago as retail sales increased and job growth
accelerated are now snapping up Treasuries. Demand is being
fueled by speculation that losses at hedge funds owning subprime
mortgage bonds such as those managed by New York-based Bear
Stearns and London-based Cambridge Place Investment Management
LLP will spread and slow the economy.


Read more at Bloomberg Currencies News