Today's Headlines

Bloomberg:
- Deutsche Boerse AG, operator of the Frankfurt stock exchange, agreed to buy International Securities Exchange Holdings(ISE), the second-largest US options market, for about $2.8 billion in cash.
- China, the world’s largest steel producer, will introduce export licenses for some steel products from May 20 to rein in shipments which more than doubled in the first quarter.
- US Treasury 10-year notes rose the most in almost seven weeks after the measure of inflation favored by the Fed policy makers showed core consumer prices were stable in March.
- Prince Harry will serve in Iraq despite the risk of him being killed or kidnapped by insurgents, UK General Sir Richard Dannatt, Chief of the General Staff said.
- Apple Inc.(AAPL) may repeat iPod magic with Apple TV, according to Bear Stearns(BSC) analysts. “Apple TV along with iTunes has the potential to emerge as a new means for purchasing, storing and accessing video in the same way iPod/iTunes and MP3 players have become a new way to purchase, store and listen to music,” writes Kunal Madhukar, analyst at Bear Stearns in NY, in a research note.
- Yahoo!(YHOO) plans to acquire the remain stake in Right Media it doesn’t already own for $680 million in cash and stock, aiming to increase online advertising sales.
- Alltel Corp.(AT) shares rallied to a six-year high on speculation that the largest regional wireless carrier in the US may be an acquisition target.
- US newspaper circulation fell 2.1% in the six months through March as the LA Times and Washington Post lost readers, the Newspaper Assoc. of America said.
- Merrill Lynch(MER) said it may buy back as much as $6 billion of its stock.

Wall Street Journal:
- Immigrant activists plan to demonstrate on May Day to put pressure on Congress to adopt more favorable immigration laws.
- Hedge fund leveraging through which investors place large bets without actually putting down any money has regulators worried because no one knows how much there is.
- Marathon Oil(MRO) is betting on increased demand for diesel from cars and light trucks because of the fuel’s higher efficiency over gasoline.
- Jones Apparel Group(JNY) is acting like a private equity firm over the possible sale of the Barneys NY chain of luxury department stores.
- UnitedHealth Group(UNH), Humana(HUM) and other companies that expanded into Medicare are fighting to defend their business as Democrats try to slash the payments insurers get.

NY Times:
- Melamine, a chemical linked to tainted pet foot that has killed dogs and cats in the US, is commonly added to animal feed in China as a counterfeit protein, citing interviews with Chinese workers familiar with the process.

Baltimore Sun:
- Duke University’s Fuqua School of Business will punish 34 first-year MBA students after it learned they collaborated on a take-home exam.

NY Post:
- Wal-Mart Stores(WMT) plans to open smaller stores in urban areas to spur revenue, citing analysts.
- Pure Digital Technologies plans to put on sale tomorrow a tiny camera device known as Flip Video that allows users to instantly edit and download footage to YouTube and other Internet sites.
- Fresh Pet, a Secaucus, NJ-based company, plans to sell a new line of refrigerated, pre-cooked dog food following the recall of more than 60 million containers of pet food.

AP:
- Google Inc.(GOOG) is partnering with four US states to develop a search engine to make public records more accessible over the Internet.

USA Today:
- PepsiCo Inc.(PEP) will top the US Environmental Protection Agency’s list of “green power” companies because it will buy credits to subsidize production of renewable energy.
- A majority of the 100 top-grossing US law firms reported 2006 profits of more than $1 million per equity partner.

Dagens Nyheter:
- Ericsson AG(ERIC) is in better shape today than it ever was after emerging from the industry slump a few years ago, former CEO Hellstroem said.

Kargozaraan:
- Iran has expelled about 20,000 Afghan immigrants from Sistan-Baluchistan province in the past eight days.