UPDATE 1-U.S. Treasury calls 10-3/8 pct bonds of 2007-12

(Reuters) - The bonds are for redemption at par on Nov. 15, 2007 for
the bonds originally issued Nov. 15, 1982 and due Nov. 15, 2012
, the department said.




There are $10,126 million of these bonds outstanding, of
which $7,614 million are held by private investors. Securities
not redeemed on Nov. 15, 2007 will stop earning interest.


Read more at Reuters.com Bonds News

Game expo thrill gone as focus on business

(Reuters) - At this year's main venue for the Electronic Entertainment Exposition, a Santa Monica airport hangar, television screens demonstrate the hottest new games to a quiet few, while the scantily clad women at promotion booths and legions of fans who once typified the spectacle are noticeably absent.




Seeking to make this week's E3 Media and Business Summit more business-friendly than in previous years, organizers have locked out most of the gamers, culling a show once attended by 60,000 to just over 3,000 handpicked guests. And many of them didn't even venture onto the showroom floor.


Read more at Reuters.com Business News

U.S. June import prices up 1.0 pct

(Reuters) - Imported petroleum prices climbed 4.7 percent in June, the
fifth straight monthly gain, after an upwardly revised 3.7
percent rise in May. The department said that petroleum prices
were up 28.1 percent since January but up only 2.1 percent from
a year ago.




Excluding petroleum, import prices - which are monitored
closely by the Federal Reserve policy-makers as a potential
source of inflation - edged up 0.2 percent after a 0.5 percent
gain a month earlier.


Read more at Reuters.com Economic News

SK Telecom, Bausch & Lomb, Ceva Plan to Sell Debt: Corporate Bond Alert

(Bloomberg) -- SK Telecom Co., South Korea's largest
mobile-phone operator, and eye-care and surgical product maker
Bausch & Lomb Inc. are among borrowers seeking to raise at least
$61.5 billion of bonds in the U.S., according to data compiled by
Bloomberg.

Sales this week total $15.1 billion, compared with $343
million last week. Companies sold $687.3 billion of bonds so far
this year, up from $558.2 billion a year ago.


Read more at Bloomberg Bonds News

Futures flat after record rises, GE gains

(Reuters) - General Electric Co posted quarterly profit that beat Wall Street's forecasts by a penny and said it was exiting the subprime mortgage lending market.




Shares of GE, the world's second-largest company by market capitalization, rose 1.3 percent in Europe. The conglomerate also said it had raised its share repurchases to $14 billion.


Read more at Reuters.com Business News

Zimbabwe government eyes inflation data black-out

(Reuters) - Zimbabwe may stop publishing inflation data for one year, an effort economists say is aimed at shielding the government from embarrassment over its failure to rein in soaring prices in the economically depressed nation.

President Robert Mugabe's government has failed to release inflation figures for May and June -- it usually does so on the 10th day each month -- prompting speculation the numbers were too shocking to reveal to Zimbabweans struggling to feed themselves amid worsening food shortages and unemployment.


Read more at Reuters Africa

Crude Gives Up Gains on Speculation IEA Overestimated World Demand in 2008

(Bloomberg) -- Crude oil pared gave up early gains as
some analysts speculated an International Energy Agency forecast of
world oil demand was overstated.

Demand will reach 88.2 million barrels a day in 2008 ``largely
due to a weather-related rebound in the OECD and strong demand in
non-OECD countries,'' the IEA, an adviser to oil-consuming nations,
including members of the Organization of Economic Cooperation and
Development, said today in its monthly report.


Read more at Bloomberg Energy News