Bloomberg:
- Federal investigators said in court papers that they videotaped Louisiana Democratic Representative William Jefferson accepting a leather briefcase packed with $100,000 in cash from a government witness in a bribery investigation.
- MGM Mirage(MGM), Harrah’s Entertainment(HET) and other US casino operators are increasing pressure on Congress to consider legalizing online gambling.
- US corporate bonds may rebound from the worst week in a year as investors gain confidence the Fed will combat inflation while the economy grows, according to JPMorgan Chase.
- Germany and China agreed Iran shouldn’t be allowed to develop nuclear weapons, German Chancellor Angela Merkel said today in Beijing after meeting Chinese Premier Wen Jiabao.
- UK Prime Minister Tony Blair arrived in Baghdad today to show support for the new government created by Iraqi Prime Minister Nuri al-Maliki.
- Emerging market stocks declined for a 10th day, the longest losing streak in eight years, as investors fled riskier assets around the world because of sliding commodity prices.
- UK Prime Minister Tony Blair said he expects Iraq’s security forces to reach full strength by the end of the year, paving the way for Western troops to withdraw from the country.
- Euronext NV, Europe’s second-largest stock exchange, said its board prefers NYSE Group’s(NYX) $10.2 billion takeover offer to a competing proposal by Deutsche Boerse AG.
- The US probe into executive stock-option grants widened, as Juniper Networks(JNPR) and Openwave Systems(OPWV) said they were contacted by regulators.
- US Treasuries are rallying, pushing the 10-year yield below 5%, spurred by declining commodity prices and a flight to safety.
Wall Street Journal:
- Microsoft Corp.(MSFT), under pressure form European antitrust regulators, has begun to produce “vastly improved” technical instructions in the US to help rival companies write software that works smoothly with Microsoft’s Windows operating system.
- John Browne, the CEO of BP Plc, said natural gas will ultimately take over from oil as the main kind of energy production in Alaska. His comments can be interpreted as an indication of confidence that a proposed 3,400-kilometer gas pipeline to Canada and the rest of the US will be built. He added that gas reserves on the Alaskan North Slope are very large but largely untapped.
- The Smithsonian Institution non-profit record label has agreed to market its library of folk music and other recordings over the Internet services such as Apple Computer’s(AAPL) iTunes Music Store.
NY Times:
- US Attorney General Alberto Gonzales said the government has the legal power to prosecute reporters for publishing classified information.
USA Today:
- Ticketmaster plans to begin auctioning the best seats for many top summer concert tours.
Financial Times:
- News Corp.’s(NWS/A) MySpace.com social networking Web site may have Google Inc.(GOOG) and Microsoft Corp.(MSFT) competing for its Internet search engine business when its current contracts expire.
Tehran Times:
- Iran expects its international oil exchange, scheduled to open in 2007, to increase the country’s annual oil revenue by $10 billion, or about 22%.
Valor Economico:
- Brazil Fund Inc.(BZF), one of the first investment funds that allowed foreigners to buy Brazilian shares, will shut down and sell off its $1.1 billion portfolio.
No comments:
Post a Comment