Icahn loses effort to gain Motorola board seat

(Reuters) - Motorola said that based on a preliminary estimate of the votes cast by shareholders in an annual meeting in Chicago, Icahn was not elected, while current board members were reelected. The company said final results will be available within three weeks.

"We remain steadfast in our commitment to continue building value for all of our stockholders," Chief Executive Ed Zander said in a statement announcing the results after the meeting.


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Kinross Gold profit up steeply on Bema Gold gains

(Reuters) - Kinross earned $68.5 million, or 15 cents a diluted share, up from $8.9 million, or 3 cents per share, in same period last year.

The latest results included net gains of $23.2 million, or 5 cents per share, on non-hedge derivative gains, the sale of the Lupin mine in Nunavut, Canada, and accounting gains on inventory from Bema Gold properties.


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Platinum Futures Climb to Record in Tokyo; Northam Strike Crimps Supply

(Bloomberg) -- Platinum futures climbed to a record for a second day in Tokyo amid expectations a strike at a South African mine will crimp supplies of the metal.

About 5,500 workers stopped working April 29 in a strike over wages at the world's deepest platinum mine, run by Johannesburg-based Northam Platinum Holdings Ltd. A court order granting Northam the right to end the work stoppage may not end the metal's rally, given the demand outlook, some analysts said.


Read more at Bloomberg Commodities News

CORRECTED - (OFFICIAL)-Venezuela Jan-April vehicle sales up 52 pct

(Reuters) - April sales reached 31,467 units, up 59.7 percent from sales of 19,695 the year before.

Vehicle sales for January to April reached 130,956 compared to 85,957 for the same period a year earlier, Venezuela's auto chamber Cavenez said.


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JGBs barely budge, market awaits 10-year auction

(Reuters) - The Ministry of Finance will offer 1.9 trillion yen in 10-year notes later in the session.

"Given yesterday's levels, the coupon is likely to come in at 1.7 percent," said Tetsuya Miura, a bond strategist at Shinko Securities.


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China, India, Indonesia, Philippines, Sri Lanka: Asia Local Bond Preview

(Bloomberg) -- The following events and economic reports may influence trading in Asian local-currency bonds today. Yields are from the previous session.

China: The central bank will sell 15 billion yuan ($1.95 billion) of one-year notes today. The securities yielded 2.976 percent at a previous sale on April 24. Retail sales rose 15.5 percent to 320 billion yuan during the May 1 to May 7 Golden Week holidays from a year earlier, the Ministry of Commerce said yesterday.


Read more at Bloomberg Bonds News

Icahn says not planning to sell Motorola shares

(Reuters) - Asked how long he would hold onto them, he said: "I'm not here to negotiate a commitment. But I will tell you I think it's a very, very good investment. They are in a great business. They've got great brands ... It's just a question of do they have good enough management to carry it home."




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