Nippon Oil to Raise Crude Oil Processing in July to Build Fuel Stockpiles

(Bloomberg) -- Nippon Oil Corp., Japan's biggest
petroleum refiner, said it will raise crude oil processing by 5
percent in July to build product inventories.

The company plans to process 4.15 million kiloliters (26.4
million barrels) next month, Managing Director Masahito Nakamura
told reporters in Tokyo today.


Read more at Bloomberg Energy News

European Government Bonds Gain for Fourth Day; Yield Falls to Two-Week Low

(Bloomberg) -- European government bonds advanced
for a fourth day, sending 10-year yields to the lowest in two
weeks in London.

The yield on the 10-year bund fell 2 basis points to 4.58
percent by 7:13 a.m. in London, the lowest since June 11. The
yield fell 4 basis points in the two days through yesterday.


Read more at Bloomberg Bonds News

Fujitec shareholders OK poison pill, rebuff fund

(Reuters) - Dalton, which held 15.5 percent of Fujitec as of January,
had sent letters to shareholders urging them to vote against the
scheme, which allows Fujitec to issue equity warrants to dilute
the stake of a suitor deemed unsuitable.




Dalton, which is also pushing for a management buyout at
Nippon Fine Chemical Co. Ltd. , had said Fujitec's
defence measures would restrict shareholder rights and may
violate the spirit of Japanese securities laws.


Read more at Reuters.com Mergers News

Gold Price Little Changed in Asia as Yen Climbs; Tokyo Futures Decline

(Bloomberg) -- Gold was little changed in Asia after
falling to its lowest in more than three months yesterday on
concern that investors paring holdings of higher-yielding assets
financed by Japanese currency loans might sell the metal.

The yen gained the most against favorites for so-called
carry trades, rising for a third day against the Australian
dollar and the most in two weeks against the New Zealand currency.
Investors may sell the metal to raise funds as the yen rises.


Read more at Bloomberg Commodities News

Fed Policy Makers Split With Staff, Wall Street Over Economy's Speed Limit

(Bloomberg) -- Federal Reserve policy makers
disagree with their own staff economists, and a growing chorus
on Wall Street, who say the U.S. economy can't expand as fast as
it used to without pushing up prices.

The split, signaled in the minutes of May's Federal Open
Market Committee meeting, may reflect debate over whether a
slowdown in U.S. productivity is permanent. ``Many'' FOMC
members were ``somewhat more optimistic'' than lower-ranking
officials about the economy's speed limit, the records showed.


Read more at Bloomberg Bonds News

BCE Gets Bids; CHC Helicopter Posts Earnings: Canada Equity Market Preview

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes in Canadian markets.
This preview includes news that broke after markets closed. Stock
symbols are in parentheses after company names and prices are
from the last close.

The Standard & Poor's/TSX Composite Index fell 177.98, or
1.3 percent, to 13,663.88 in Toronto.


Read more at Bloomberg Stocks News

UPDATE 1-Bear Stearns taps managers to restructure funds

(Reuters) - NEW YORK, June 26 - Bear Stearns Asset Management
CEO Richard Marin is taking a stronger role in managing its two
troubled hedge funds and tapped Thomas Marano, head of its
mortgage unit, to save one of the funds, said two sources
familiar with the decision.




Marin appointed Marano last week to help with the funds
managed by Ralph R. Cioffi, who retains his current role as
portfolio manager for both funds, said one source.


Read more at Reuters.com Bonds News

Morgan Stanley May Buy Daewoo Building in Seoul for $1 Billion, People Say

(Bloomberg) -- Morgan Stanley, investing a record $8
billion fund in real estate outside the U.S., is in talks to buy
Daewoo Engineering & Construction Co.'s Seoul headquarters for
about $1 billion, two people with knowledge of the matter said.

Morgan Stanley won exclusive rights to negotiate the
purchase from Kumho-Asiana Group after the New York-based firm
outbid Kookmin Bank, Koramco Reits Management & Trust Co. and
Macquarie Bank Ltd., said the people, who asked to remain
anonymous because the talks are ongoing.


Read more at Bloomberg Emerging Markets News

Malaysia's MISC Postpones $750 Million Bond Sale on `Market Volatility'

(Bloomberg) -- Malaysia's MISC Bhd., the world's
biggest owner of liquefied natural gas tankers, postponed a
planned dollar-denominated bond sale because of ``market
volatility,'' according to an e-mail sent to investors today.

MISC, a unit of national oil company Petroliam Nasional Bhd.,
hired Citigroup Inc. and Deutsche Bank AG to sell $750 million of
10-year bonds, an e-mail sent to investors earlier this week
showed.


Read more at Bloomberg Bonds News

UPDATE 1-Japan retail sales unexpectedly rise in May

(Reuters) - Retail sales rose 0.1 percent in May from the same month last
year, beating economists' median forecast for a 0.4 percent drop,
the Ministry of Economy, Trade and Industry said on Wednesday.




Compared with April, retail sales were up 0.5 percent on a
seasonally adjusted basis.


Read more at Reuters.com Economic News

Tweeter says gets bids for assets

(Reuters) - It also said Whippoorwill Associates Inc. and Bay Harbour
Management LC made a $10 million bid for its 18.75 percent
ownership interest in Tivoli Audio LLC.




Tweeter said the U.S. Bankruptcy Court approved on Tuesday
the so-called "stalking horse" bids under a process where other
qualified bidders will have the opportunity to submit "higher
or otherwise better" offers.


Read more at Reuters.com Bonds News

Yen Strengthens for a Third Day Against Euro on Paring of Carry Trades

(Bloomberg) -- The yen strengthened for a third day
against the euro on speculation investors will unwind positions
in so-called carry trades, after stocks in the U.S. declined.

The yen rose to 165.36 per euro at 8:07 a.m. in Tokyo from
165.83 late in New York yesterday. Japan's currency traded at
123.00 per dollar from 123.26.


Read more at Bloomberg Currencies News

GM says Delphi-UAW deal leaves liability unchanged

(Reuters) - GM has already taken $6 billion in charges related to
Delphi, which is seeking to emerge from bankruptcy as a smaller
parts supplier with sharply lower labor costs.




GM repeated in its Tuesday filing with the Securities and
Exchange Commission that it expected to pay Delphi $500 million
to offset labor costs as the supplier emerges from bankruptcy.


Read more at Reuters.com Bonds News

Buyout firms face summer of discontent in debt market

(Reuters) - A wave of buyout-related financing is expected to hit the market just as trading activity slows for the summer and Wall Street grows more fearful that weakness in risky subprime mortgages, or home loans to people with patchy credit, could spill into other sectors.




The one-two punch of heavy debt supply and skittishness over two troubled Bear Stearns-managed hedge funds that made bad bets on subprime loans may nudge borrowing costs higher, raising the price tag on the corporate takeovers and share repurchases that have helped prop up U.S. stock gains.


Read more at Reuters.com Bonds News

Brazil Real Declines on Worry About CPI Target, U.S. Hedge Funds, Housing

(Bloomberg) -- Brazil's currency fell as a slowing
U.S. housing market and concerns with losses in subprime
mortgages increased aversion to riskier, emerging market assets.

``The scenario in the U.S. is worrisome, with news about
the Bear Stearns funds starting to damp market mood last week,
and now worse-than-expected housing data,'' said Luiz Carlos
Barroso Simao, partner and chief strategist at Questus Asset
Management in Rio de Janeiro.


Read more at Bloomberg Currencies News

Gannett to sell $1 bln convertible debt

(Reuters) - Gannett said the securities carry an interest rate of 0.23
of a percentage point below one-month Libor , equal to an initial rate of 5.09 percent. They
are convertible into shares at $92.14, a 70 percent premium
over Gannett's Tuesday closing price of $54.20.




Convertible debt is a stock-bond hybrid that usually offers
current income, and can be converted into company stock.
Moody's Investors Service rates the Gannett debt "A3" and
Standard & Poor's rates it "A-minus," their fourth lowest
investment grades.


Read more at Reuters.com Bonds News

Cerberus to bid for Canada's BCE

(Reuters) - The spokesman declined to say whether other parties would join the Cerberus bid.



) Keywords: BCE CERBERUS/


Read more at Reuters.com Bonds News

Bear Stearns says won't bail out second fund

(Reuters) - "We have brought in additional resources with expertise in
these asset classes to facilitate the orderly deleveraging
process," said Richard Marin, chief executive of Bear Stearns
Asset Management.




Read more at Reuters.com Bonds News

Hovnanian, Huntsman, Reynolds American: U.S. Equity Option Market Movers

(Bloomberg) -- The following is a list of companies
with unusual option trading in U.S. exchanges today. Stock
symbols are in parentheses after company names. Option trading
and stock prices are as of 3:15 p.m. in New York.

Each call option gives investors the right, without the
obligation, to buy 100 shares of a company at a specified price
by a given date. A put conveys the right to sell 100 shares.


Read more at Bloomberg Stocks News

Brazil's Real Declines as Government Sets 2009 CPI Target at 4.5 Percent

(Bloomberg) -- Brazil's currency fell after the
country's National Monetary Council disappointed investors by
setting the central bank's annual inflation target at 4.5
percent for 2009.

``The market expected a lower inflation target, something
between 4 percent and 4.25 percent,'' said Reginaldo Galhardo,
currency trading manager at Treviso Corretora de Cambio, a
brokerage in Sao Paulo.


Read more at Bloomberg Currencies News

US STOCKS-Indexes drop as subprime worries weigh

(Reuters) - NEW YORK, June 26 - U.S. stocks edged lower on
Tuesday as bond yields rose and possible fallout from the
subprime mortgage market kept investors on edge.




A 2 percent drop in oil prices dragged down shares of
energy companies, with Exxon Mobil Corp. down 0.9
percent at $81.62.


Read more at Reuters.com Bonds News

UPDATE 1-Westernbank Puerto Rico parent sinks on bad loan

(Reuters) - The Mayaguez-based parent of Westernbank Puerto Rico said
it determined on June 19 that one of the larger loans made by
its asset-based loan unit is "impaired." It said it believes
the value of the collateral may be at least $80 million below
the face value of the loan.




W Holding said it has hired an independent firm to review
the impaired loan, the lending unit, and the company's
asset-based lending portfolio. It said it is evaluating
possible new collateral and the loan guaranty to determine the
extent to which the loan might affect its finances.


Read more at Reuters.com Bonds News

UPDATE 1-Canada eyes security concerns in foreign takeovers

(Reuters) - Ottawa has said it will soon name a panel of experts tasked
with recommending changes to foreign investment and competition
policy before the next budget in early 2008.




"One of the elements they're going to look at is foreign
direct investment. It's the Investment Canada Act, it's the
Competition Act and also maybe the need to have a security
clause in the Investment Canada Act," Industry Minister Maxime
Bernier said in Edmonton.


Read more at Reuters.com Government Filings News

Exxon, Shell put Canada gas project stake on block

(Reuters) - EnCana Corp. is the operator.




A regulatory decision for Deep Panuke, the which would
produce 300 million cubic feet a day by 2010, is expected in
the next few months.


Read more at Reuters.com Mergers News

Conoco, Exxon to Quit Venezuelan Oil Projects as Talks Fail, Person Says

(Bloomberg) -- ConocoPhillips and Exxon Mobil Corp.
will quit Venezuela, where they invested billions of dollars in
oil and natural gas projects, after talks about ownership failed,
said a person on the government's side of the negotiations.

ConocoPhillips will cede its interests in the Petrozuata
heavy-oil joint venture to state-run Petroleos de Venezuela SA,
and Exxon Mobil will give up its concession in the Ceiba oil
block in western Venezuela, Petroleos de Venezuela said in a
statement today. The release didn't disclose the status of the
companies' other interests in the country, which the person said
would be given up.


Read more at Bloomberg Energy News

PIMCO's Gross: "Subprime crisis" not isolated

(Reuters) - Gross, the chief investment officer of Pacific Investment
Management Co., or PIMCO, also said in his July investment
outlook that the crisis would prompt the Federal Reserve to
lower the benchmark interest rate by year-end.




"To death and taxes you can add this to your list of
inevitabilities: the subprime crisis is not an isolated event
and it won't be contained by a few days of headlines in The New
York Times," he said.


Read more at Reuters.com Mergers News

Bear Stearns not planning to bail out second fund

(Reuters) - NEW YORK, June 26 - Bear Stearns Cos. Inc. does not plan to bail out a second struggling fund that invests in repackaged debt securities, a source familiar with the matter said on Tuesday, while a company the investment bank set up to invest in the securities withdrew plans for an initial public offering.



The hedge fund is one of two managed by Bear Stearns that are suffering from investments in repackaged subprime mortgages, which have suffered from rising defaults as a downturn in the U.S. housing market has proven deeper and lasted longer than expected.


Read more at Reuters.com Bonds News

U.S. Stocks Gain on Easing Subprime Concern; Cardinal Health Shares Rise

(Bloomberg) -- U.S. stocks gained on prospects for
higher earnings in the health-care industry and easing concerns
that losses tied to subprime mortgages will hurt financial
company profits.

Cardinal Health Inc., the second-largest U.S. drug
distributor, gained after it said earnings will be at the top
end of a previous forecast. Freddie Mac, the No. 2 U.S.
mortgage finance company, advanced after its treasurer said the
subprime slump is ``contained.''


Read more at Bloomberg Stocks News

Kroger rating outlook now positive, was stable-S&P

(Reuters) - However, it has been able to withstand strong pressure from
rivals such as Wal-Mart Stores Inc. , dollar stores,
drugstores and natural-food chains such as Whole Foods Market
Inc. by remodeling its stores, improving customer
service, cutting some prices and promoting items such as
fresher produce.




A positive outlook means S&P is likely to raise Kroger's
credit rating in the next two years. Kroger now holds a
"BBB-minus" corporate credit rating, which is the lowest
investment grade.


Read more at Reuters.com Bonds News

UPDATE 1-Visa hires president pre-IPO, Visa USA CEO resigns

(Reuters) - Visa also said John Philip Coghlan has resigned as
president and chief executive of Visa USA, a post he had held
since July 2005. John Partridge, president of Visa's Inovant
LLC affiliate, will become interim president of Visa USA.




Morris will start at Visa Inc. on Sept. 1 and oversee its
income-generating businesses. He plans to move to San Francisco
from New York and report to Joseph Saunders, Visa Inc.'s chief
executive.


Read more at Reuters.com Bonds News

U.K. Phone Stocks, BT Group Gain; BAE Systems Plunges on U.S. Probe

(Bloomberg) -- U.K. phone stocks advanced, led by BT
Group Plc and Vodafone Group Plc, as investors bought shares of
companies that pay the highest dividends relative to share
prices.

BAE Systems Plc, Europe's biggest weapons maker, headed for
its steepest drop in 4 1/2 years after saying the U.S. started a
probe into the company's compliance with anti-corruption laws.


Read more at Bloomberg Stocks News

UPDATE 1-Chile Santiago retail sales rise 4.0 pct in May

(Reuters) - The average annual rate of monthly growth for the five
months from January was 2.1 percent, it said.




The Chamber of Commerce said in a statement that the
figures show retail sales are continuing to grow overall, but
at a slightly slower pace than the 3.3 percent grwoth in the
first five months of 2006.


Read more at Reuters.com Economic News

Total still in talks on Venezuela, hopes deal on Tues

(Reuters) - On Monday, a government official told Reuters that Total,
Chevron Corp. , Norway's Statoil and Britain's
BP Plc planned to sign a nationalisation accord that
would keep them in the massive Orinoco oil reserve projects.




Read more at Reuters.com Mergers News

UPDATE 3-Altria to close plant, move production to Europe

(Reuters) - CHICAGO, June 26 - Altria Group Inc. on
Tuesday said it plans to shut its Cabarrus, N.C., cigarette
manufacturing facility by the end of 2010 and move production
of cigarettes for non-U.S. markets to Europe as it looks to cut
costs and reduce excess capacity.




The move also further separates operations between the
company's Philip Morris USA and Philip Morris International
tobacco businesses at a time when Altria has said it is
considering a spinoff its international business.


Read more at Reuters.com Bonds News

Treasuries Are Little Changed Amid Decline in New Home Sales Last Month

(Bloomberg) -- Treasuries were little changed as a
Commerce Department report showed purchases of new homes dropped
in May and a private index of consumer confidence declined this
month to the lowest level since August.

Benchmark 10-year note yields rose less than 1 basis point,
or 0.01 percentage point, to 5.09 percent at 10:05 a.m. in New
York, according to bond broker Cantor Fitzgerald LP. Yields,
which move inversely to the note's price, touched 5.327 percent
on June 13, the highest since April 2002. The price of 4 1/2
percent securities due in May 2017 fell 1/32, or 31 cents per
$1,000 face amount, to 95 15/32.


Read more at Bloomberg Bonds News

New home sales fell 1.6 percent in May

(Reuters) - Analysts polled by Reuters were expecting May sales to fall to a 925,000 unit pace from a previously reported rate of 981,000 units in April.




In May, the median sales price of a new home rose 1.5 percent to $236,100 from $232,700 in April. Last month, new homes prices took a record tumble while sales rose strongly.


Read more at Reuters.com Economic News

U.K. Benchmark FTSE 100 Recoups Losses; BT Group, Vodafone Shares Advance

(Bloomberg) -- U.K. stocks recovered earlier losses
as BT Group Plc and Vodafone Group Plc advanced.

The benchmark FTSE 100 Index lost 1.6, or less than 0.1
percent, to 6586.8 as of 2:18 p.m. in London after falling as
much as 0.7 percent.


Read more at Bloomberg Stocks News

Apple, AT&T set three price plans for iPhone

(Reuters) - Individual monthly plans, based on a two-year service agreement with AT&T, will be priced at $59.99 for 450 minutes, $79.99 for 900 minutes and $99.99 for 1,350 minutes, the companies said, adding that family plans were also available.




The plans include unlimited data, visual voice mail, 200 SMS text messages, roll-over minutes and unlimited mobile-to-mobile calling, they said.


Read more at Reuters.com Hot Stocks News

Navistar vehicle shipments fall 31 pct in 2nd qtr

(Reuters) - Like other companies exposed to the North American trucking
market, Navistar is experiencing a sharp decline in demand for
big trucks and engines because of tough new clean-air rules
that went into effect Jan. 1. Many fleet operators, worried
about the cost and reliability of the new engines designed to
comply with the rules, stocked up on new vehicles last year and
are not buying this year.




Read more at Reuters.com Market News

Bank of England Struggles to Retain Economists Lured by Big City Bonuses

(Bloomberg) -- The Bank of England's governing board
said it's concerned about an exodus of economists, who were lured
by higher pay in London's financial services industry last year.

``There has been some concern that the implementation of
changes to the staff mix in the monetary analysis and financial
stability areas has been adversely affected by a higher rate of
resignation and vacancies in the past year,'' the U.K. central
bank's directors said in its annual report, published yesterday.


Read more at Bloomberg Exclusive News

NY seeks Wal-Mart records on alleged surveillance

(Reuters) - The comptroller, who is the investment advisor for New York City's pension funds, said he wants to inspect and copy all books and records referring to the proponent of any shareholder proposal submitted to Wal-Mart between 2002 and the present.




As noted in Thompson's letter, news of the alleged surveillance was first reported on April 4 by the Wall Street Journal. On April 20, Wal-Mart sent shareholders a letter saying it had conducted a "lengthy internal investigation" and denied the surveillance had occurred, Thompson recounted.


Read more at Reuters.com Business News

Futures edge up, housing data looms

(Reuters) - Lennar Corp. , the No. 2 U.S. home builder, reported a quarterly loss and forecast another loss for the third quarter. Lennar said it continues to see weak and "perhaps deteriorating market conditions" for the remainder of 2007.




Shares of Lennar traded in Frankfurt fell 2.5 percent.


Read more at Reuters.com Business News

Lennar posts quarterly loss on lower revenue

(Reuters) - Analysts on average had forecast earnings of 1 cent a share, according to Reuters Estimates.




The U.S. housing market has been suffering from a steep downturn for more than a year, as high prices and climbing interest rates have repelled prospective buyers. Speculators, who bought homes to quickly sell, also have retreated from the market, unloading their investments.


Read more at Reuters.com Business News

UPDATE 1-BlackRock to buy Quellos fund of funds business

(Reuters) - BlackRock said it will combine its hedge and private equity
fund of funds activities, following the acquisition.




The combined business is expected to have more than $25.4
billion in assets under management.


Read more at Reuters.com Mergers News

UPDATE 1-Lennar posts quarterly loss on lower revenue

(Reuters) - Lennar posted a net loss of $244.2 million, or $1.55 a
share for the fiscal second quarter that ended April 30,
compared with net earnings of $324.7 million, or $2 a share, a
year earlier.




Analysts on average had forecast earnings of 1 cent a
share, according to Reuters Estimates.


Read more at Reuters.com Market News

Philippines' Rizal Bank Buys $60 Million of CDOs for Yield, Treasurer Says

(Bloomberg) -- Rizal Commercial Banking Corp., which
has given investors in Philippine banks the second-highest total
return in the past year, said it bought more than $60 million of
collateralized debt obligations to diversify its investments.

Rizal Bank accumulated since April ``single A-rated, managed
CDOs'' that return 50 basis points higher than the nation's
foreign-currency bonds, said Sergio Edeza, the Manila-based
bank's treasurer in a telephone interview today.


Read more at Bloomberg Bonds News

UPDATE 2-Porsche's VW stake gains rev up profit forecast

(Reuters) - STUTTGART, Germany, June 26 - German sports car
maker Porsche said on Tuesday it expects its 2006/2007 profit to
streak past 2.1 billion euros thanks to hefty
gains from its stake in Europe's biggest car maker Volkswagen.




Porsche , the Stuttgart-based maker of
high-powered iconic sports cars like the 911 and Carrera GT,
raised its profit forecast despite reporting almost stagnant car
sales and revenues for the first ten months of the business
year.


Read more at Reuters.com Market News

UPDATE 1-Texas Pacific, consortium set to bid for UTAC-sources

(Reuters) - SINGAPORE, June 26 - U.S. private equity firm
Texas Pacific Group [TPG.UL] is expected to bid for Singapore's
microchip-testing firm United Test and Assembly Center
as part of a consortium, banking sources said on
Tuesday.




The deal may be worth as much as S$1.8 billion , dealers and analysts said.


Read more at Reuters.com Mergers News

Mbeki Uses South Africa's Burgeoning Influence to Defy Bush on Sudan, Iran

(Bloomberg) -- Down the road from Cape Town's
signature Table Mountain, construction cranes soar above the site
for a stadium where World Cup soccer matches will be played in
2010. For President Thabo Mbeki, bringing the most-watched
sporting event to Africa for the first time spotlights his drive
to spread South Africa's influence.

The U.S. is counting on that influence to help it confront
Africa's toughest challenges, from AIDS to war. Instead, it's the
Bush administration that South Africa is confronting as it seeks
to position itself as a counterweight to U.S. power.


Read more at Bloomberg Exclusive News

U.K. Pound Falls Against Dollar, Euro on View Yesterday's Rally Excessive

(Bloomberg) -- The U.K. pound declined against the
dollar as traders judged its rise to an eight-week high yesterday
was excessive.

The pound broke through the $2 barrier yesterday for the
first time since May 2 as investors bet Bank of England Governor
Mervyn King will this week tell lawmakers interest rates need to
rise further to cap inflation. Futures traders have raised bets
the U.K. currency will rise, pushing so-called net long positions
to a four-month high.


Read more at Bloomberg Currencies News

ABN Amro, Standard Chartered Cut Forecasts for Yen on Carry Trade Outlook

(Bloomberg) -- ABN Amro Holding NV and Standard
Chartered Plc cut their forecasts for the yen as the lowest
interest rate among major economies prompts Japanese individuals
to buy higher-yielding assets overseas.

The yen will drop 2 percent against the dollar through the
end of September as investors use the currency to fund so-called
carry trades, Thomas Harr, senior foreign exchange strategist,
said in an interview. The two lenders disagree with Deutsche
Bank AG and UBS AG, the world's two biggest currency traders,
who forecast a stronger yen.


Read more at Bloomberg Currencies News

European Stocks Decline, Paced by Barclays, BNP Paribas, BAE Systems

(Bloomberg) -- European stocks dropped for a fourth
day as U.S. equities retreated. Barclays Plc, Britain's third-
largest bank, and BNP Paribas SA, France's biggest, paced the
decline after their U.S.-traded securities fell.

BAE Systems Plc tumbled after Europe's largest weapons maker
said the U.S. Justice Department started a probe of the company's
compliance with anti-corruption laws. Arcelor Mittal declined
after Merrill Lynch & Co. downgraded the steelmaker's shares.
Iberdrola SA dropped after the Spanish power company agreed to
buy U.S.-based Energy East Corp. for $4.5 billion.


Read more at Bloomberg Stocks News

Air Berlin, Infineon, Loewe, Porsche May Move: German Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in German markets. Stock symbols are in parentheses after the
company names and prices are from the Xetra close unless
otherwise stated.

DAX futures expiring in September slid 76.50, or 1 percent,
to 7940.50 at 8:20 a.m. in Frankfurt. The DAX declined 0.2
percent to 7930.61 on the Xetra electronic-trading system.


Read more at Bloomberg Stocks News