Australian gov't agency calls Google ads deceptive

(Reuters) - The claims are the latest in a string of cases centered on
trademark rights that argue Google's pay-per-click advertising
system -- the company's mainstay revenue generator -- is used
by competitors to unfairly grab business from rivals.




The Australian Competition and Consumer Commission, or
ACCC, said in a statement on its Web site that it has filed a
case in the Federal Court in Sydney against auto dealer Trading
Post Australia Pty Ltd. and various Google subsidiaries.


Read more at Reuters.com Government Filings News

CBOT shares to stop trading as of close

(Reuters) - The announcement came after the results of Monday's vote were certified. It marks the end of a bidding war that erupted in March between the Chicago Mercantile Exchange and upstart energy bourse IntercontinentalExchange , pushing the CME to buy the CBOT for $12 billion.




The marriage between the two largest U.S. futures exchanges will create the world's largest derivatives mart known as CME Group Inc., a CME/Chicago Board of Trade Company.


Read more at Reuters.com Mergers News

Discover, Macy's, Progressive, SLM Corp., Wal-Mart: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 1:15 p.m. New York time.

Abercrombie & Fitch Co. (ANF US) rose $5.43, or 7.8 percent,
to $74.81. The clothing retailer for teens and college said June
comparable store sales rose 2 percent from a year earlier.
Analysts had estimated sales to fall 2.8 percent, according to a
report from Retail Metrics LLC.


Read more at Bloomberg Stocks News

Republican lawmaker introduces subprime legislation

(Reuters) - The bill would set licensing standards for mortgage loan
originators and log those lenders in a national registry, the
lawmaker said in a statement.




Read more at Reuters.com Government Filings News

European car sales fell 0.2 pct in H1 - German VDA

(Reuters) - In June, sales rose almost 1 percent in Europe to more than
1.5 million units compared with the same month last year.




Read more at Reuters.com Market News

Hog Futures Gain on Speculation China Imports Will Increase; Cattle Rise

(Bloomberg) -- Hog futures had the biggest one-day
gain since January in Chicago on speculation that China will
increase pork imports to offset tight domestic supplies. Cattle
also gained.

China has seen domestic pork prices surge on a pig shortage
linked to higher grain costs and the spread of so-called Blue Ear
disease, which affects hogs. The U.S. exported 164 million pounds
(74 million kilograms) of pork to China in 2006, making it the
sixth-largest U.S. export customer, according to the U.S.
Department of Agriculture.


Read more at Bloomberg Commodities News

U.S. Steel, Arcelor Mittal CEOs see steel growth

(Reuters) - Lakshmi Mittal, chief executive of ArcelorMittal , and John Surma, chief executive of United States Steel Corp. , told Reuters that demand has been growing for steel in North America and globally.




"The medium-term view in North American steel is positive with some reasonable economic growth particularly in industrial activity," Surma said.


Read more at Reuters.com Business News