US STOCKS-S&P hits record as GE, data boost stocks

(Reuters) - The Dow Jones industrial average was up 45.52
points, or 0.33 percent, to end unofficially at 13,907.25. The
Standard & Poor's 500 Index was up 4.80 points, or 0.31
percent, to finish unofficially at 1,552.50. The Nasdaq
Composite Index was up 5.27 points, or 0.20 percent,
to close unofficially at 2,707.00.




For the week, the Dow closed up 2.16 percent, the S&P rose
1.43 percent and the Nasdaq gained 1.52 percent.


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US STOCKS-S&P hits record as stocks extend gains

(Reuters) - NEW YORK, July 13 - The Standard & Poor's 500
index hit a lifetime high in late-session trading on
Friday as stocks rose on news that General Electric Co
increased a stock-buyback plan and a report showed consumer
sentiment rose in early July.




The S&P 500's previous record of 1,553.11 was set on March
24, 2000, in the waning days of the Internet bubble.


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Dura's Bankruptcy Reorganization Would Wipe Out $560.7 Million in Bonds

(Bloomberg) -- Dura Automotive Systems Inc., a
bankrupt maker of car parts, outlined a plan of reorganization that
would pay nothing to investors holding subordinated bonds worth
$560.7 million.

Under the proposal, filed yesterday in U.S. bankruptcy court
in Wilmington, Delaware, senior debt holders would get a stake in
the company and other creditors will be given stock in exchange for
agreeing to dismiss their claims. Holders of 9 percent subordinated
notes maturing in 2009 get nothing, according to court documents.


Read more at Bloomberg Bonds News

Russia's New Oil Export Pipeline to Cut Supply to Central Europe, PVM Says

(Bloomberg) -- A new Russian crude oil export
pipeline may cut supplies to refineries in Hungary, Slovakia,
Germany and some other central European countries, PVM Oil
Associates GmbH said.

Russia plans to build a link that will deliver at least 1
million barrels of oil a day for export by tanker from the port
of Primorsk on the Baltic Sea. The pipeline will also reduce
supplies of Urals, Russia's major export blend of oil, to
refiners in Lithuania, Poland, Ukraine and the Czech Republic,
said PVM's Managing Director Johannes Benigni.


Read more at Bloomberg Energy News

S&P 500 hits lifetime record, surpasses 2000 high

(Reuters) - The Standard & Poor's 500 Index was up 5.99 points, or 0.39 percent, at 1,553.69.




The Dow Jones industrial average was up 49.99 points, or 0.36 percent, at 13,911.72. The Nasdaq Composite Index was up 1.37 points, or 0.05 percent, at 2,703.10.


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Brazil Stocks Gain for Week, Led by Vale, on Takeovers; Bancolombia Falls

(Bloomberg) -- Brazil's main stock index headed for a
third week of gains, led by mining company Cia. Vale do Rio Doce,
as rising metals prices and takeover speculation propelled raw
materials stocks.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange gained 2.4 percent this week to 57,835.85, a record. Today
the index rose 222.80, or 0.4 percent. An index of Latin American
shares headed for its second weekly gain.


Read more at Bloomberg Stocks News

Brazil's Real Touches 7-Year High After Early Central Bank Dollar Purchase

(Bloomberg) -- Brazil's real touched an almost
seven-year high after the central bank bought dollars in the
currency market earlier than usual.

The real rose 0.3 percent to 1.8675 per dollar at 1:45 p.m.
New York time after gaining as much as 0.5 percent to 1.8632
earlier. The real last traded at these levels in October 2000.


Read more at Bloomberg Currencies News