Bloomberg:
- Crude oil may fall on signs that higher refinery output and near-record imports will meet gasoline demand during the US summer driving season, a Bloomberg News survey shows.
- Las Vegas Sands(LVS) beat three rival bids to build Singapore’s first casino-resort with an offer valued at more than $3.2 billion.
- US Capitol Police are investigating a report that gunshots were heard in the garage of the Rayburn House Office Building near the Capitol.
- Shares of Navistar Intl.(NAV) rose as much as 17% after MAN AG, Europe’s third-largest truckmaker, said it was interested in acquiring a stake in its US competitor while expanding across the Atlantic.
- The US dollar is rising against the euro and the yen after a government report reinforced expectations the Fed will lift interest rates next month.
- US Treasuries rose on signs the economy may cool and curb demand for risky assets.
Wall Street Journal:
- Keefe, Bruyette & Woods, which is planning an IPO, will sell about 25% of itself to raise as much as $150 million.
- International funds, which spread their investments across a broad geographical spectrum, may have put more of their money in emerging markets than investors might have expected. Last week, investors withdrew a record $1.9 billion from such funds. The poor performance of international funds is aggravating for investors who may have thought their investment risk to emerging markets was less than it actually is.
NY Times:
- Grief still afflicts many people directly affected by the Sept. 11 terrorist attacks more than four years ago, citing a study by the American Red Cross.
NY Post:
- Microsoft’s(MSFT) negotiations to buy Internet auction site EBay Inc.(EBAY) are waning as the two companies are weighing antitrust concerns.
Interfax:
- Russia will deliver anti-aircraft missiles to Iran as agreed, citing Defense Minister Ivanov.
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