German Utilities Say Cooling Limits Will Cut Power Production Tomorrow

(Bloomberg) -- German utilities said power plant
availability in Germany will be reduced tomorrow because of
cooling-water restrictions.

Capacity at plants in Europe's largest energy market will be
cut by 515 megawatts, operators said today in a joint statement
on the Web site of the European Energy Exchange. They didn't say
which plants are affected.


Read more at Bloomberg Energy News

Swiss Lawmakers Will Vote Today to Tighten `Toothless' Insider-Trading Law

(Bloomberg) -- Swiss upper-house lawmakers will vote
today in favor of closing a legal loophole that allows insider
trading on advance knowledge of company earnings.

Switzerland's penal code requires jail terms or fines for
executives, directors or auditors who capitalize on knowing what
the rest of the market doesn't know. However, it limits such cases
to a planned sale of new shares, a merger or ``circumstances of
comparable significance.''


Read more at Bloomberg Stocks News

Anglo Platinum Shuts Down Biggest Mine for Week After 12 Workers Killed

(Bloomberg) -- Anglo Platinum Ltd., the world's
largest platinum producer, will halt production from its biggest
mine for as long as seven days to improve safety after 12 miners
were killed in 2007.

Five workers were killed at its Rustenburg mine in the past
two weeks, the Johannesburg-based company said today in a
statement. Production will drop by between 10,000 and 15,000
ounces this year as a result of the closure, it added.


Read more at Bloomberg Emerging Markets News

Germany's DAX Index Increases; Henkel, Metro, Linde Lead Advance

(Bloomberg) -- German stocks rose, led by Henkel
KGaA, Metro AG and Linde AG gained.

The benchmark DAX Index added 17.60, or 0.2 percent, to
8048.24 as of 9:11 a.m. in Frankfurt. The HDAX Index of the
country's 110 biggest companies increased 0.2 percent.


Read more at Bloomberg Stocks News

South Korean Department Store Sales Fall for Second Month on Lending Clam

(Bloomberg) -- South Korea's department store sales
declined for a second month in May as a clampdown on the housing
market reduced home sales and sapped demand for home appliances
and furniture.

Sales at the nation's three biggest department store chains
dropped 0.1 percent from a year earlier after shedding 2.3
percent in April, the Commerce Ministry said today in Gwacheon,
South Korea.


Read more at Bloomberg Emerging Markets News

BofA private bank to get US Trust name-NYT

(Reuters) - Using U.S. Trust's name in its branding campaign may help Bank of America overcome its middle-class image among high-net worth clients, according to the Times report.




Bank of America did not immediately return a call seeking comment.


Read more at Reuters.com Mergers News

BHP Billiton to take more action on climate change

(Reuters) - BHP Billiton Ltd./Plc., the world's biggest mining group, said on Monday it plans to step up action to help tackle levels of greenhouse gas emissions.

BHP said it would commit US$300 million over the next five years to support the development of low emissions technology and to encourage emissions abatement.


Read more at Reuters Africa