VW brand car sales up 15 pct in June in U.S.

(Reuters) - "This increase can be attributed to strong market acceptance of the entry level Rabbit model, and a 44.9 percent surge in deliveries of the sporty GTI," it said in a statement.



"The retractable hardtop convertible Eos posted its second best month ever, as summer is now in full swing," the company said.


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Apple iPhone margins 55 pct, shares rise: ISuppli

(Reuters) - In January, iSuppli, which does not include costs for royalties and logistics, said it had estimated a $264.85 hardware and manufacturing cost for the eight-gigabyte device.




Apple shares rose $4.42 or almost 4 percent to $125.68 on Nasdaq after the news. Shares of AT&T Inc. , the exclusive U.S. service provider for the phone, were down 35 cents at $41.50 on the New York Stock Exchange.


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ICE says CBOT proposal binding through July 12

(Reuters) - CME shareholders and CBOT shareholders and members will
hold separate votes on the merger deal on July 9. CBOT's board
has rejected ICE's takeover proposal.




Read more at Reuters.com Mergers News

Continental, Movie Gallery, Wendy's, Western Alliance: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes on U.S. exchanges.
Stock symbols are in parentheses after company names. Share
prices are as of 10:10 a.m. in New York.

Anaren Inc. (ANEN US) fell $1.11, or 6 percent, to $17.50.
The maker of microwave communications gear said in a statement
that it may restate financial results for the second and third
quarters of 2007 because of accounting errors at its Chinese
subsidiary.


Read more at Bloomberg Stocks News

Treasuries Decline as Report Shows Factory Orders Fell Less Than Forecast

(Bloomberg) -- Treasuries fell as a Commerce
Department report showed orders placed with U.S. factories
dropped in May less than economists forecast.

``The manufacturing sector of the economy is providing a
counterweight to the weakness of housing,'' said Kevin Flanagan,
a Purchase, New York-based fixed-income strategist for Morgan
Stanley's individual-investor clients.


Read more at Bloomberg Bonds News

Bonds trim losses after weak pending home sales

(Reuters) - Treasuries briefly trimmed their losses after weaker-than-forecast pending home sales data, but the move was fleeting, outweighed in part by gains in the stock market. Bond trading was razor-thin a day before the U.S. July 4 Independence Day holiday




Pending U.S. home sales in May fell more than analysts had expected to their lowest level in more than 5-1/2 years, according to data from the National Association of Realtors.


Read more at Reuters.com Bonds News

Peltz says Triarc "natural" buyer for Wendy's

(Reuters) - NEW YORK, July 3 - Billionaire investor Nelson Peltz said on Tuesday his Triarc Cos. Inc. would be a "natural, strategic buyer" for Wendy's International Inc. , which is exploring a sale of the company.



In a letter to Wendy's Chairman James Pickett, Peltz said that for all Wendy's shareholders to benefit, "the board's fiduciary duties require that a synergistic buyer such as Triarc should not be impeded from participating in the sale process."


Read more at Reuters.com Bonds News