Florida East Coast shareholders approve buy by Fortress

(Reuters) - The deal is expected to close on or about July 26, the
company said in a statement.





Read more at Reuters.com Mergers News

UPDATE 1-AMG profit rises 24 percent on asset growth

(Reuters) - AMG, which owns stakes in more than two dozen investment
managers, including value equities firm Third Avenue Management
and quantitative manager AQR Capital Management, said the
earnings growth was led by the strong performance of group
firms focused on hedge funds and international equities.




The firm also said it was considering the purchase of
stakes in alternative investment managers and traditional
managers.


Read more at Reuters.com Mergers News

Crude Oil Trades Little Changed on Signs U.S. Supplies of Fuel Are Rising

(Bloomberg) -- Crude oil rose in New York before the
release of a U.S. government report that will probably show
declines in the country's gasoline and oil inventories.

U.S. gasoline supplies probably fell 125,000 barrels last
week while oil inventories declined 1.38 million barrels,
according to the median of 16 estimates in a Bloomberg News
survey of analysts. The Energy Department report is scheduled to
be released today at 10:30 a.m. in Washington.


Read more at Bloomberg Energy News

UPDATE 1-P.F. Chang's 2nd-quarter earnings rise

(Reuters) - Net income for the Asian-themed restaurant operator was
$9.3 million, or 36 cents per share, compared with $8.1
million, or 30 cents per share, a year earlier.




Wall Street analysts, on average, had been expecting
earnings of 36 cents per share, according to Reuters
Estimates.


Read more at Reuters.com Market News

Applied Biosystems Q4 earnings rise

(Reuters) - Net income for the latest quarter included an after-tax
benefit of $8.5 million for discontinued operations related to
the settlement of German tax audits.




Excluding items, the Foster City, California-based company
earned 38 cents a share from continuing operations.



Read more at Reuters.com Market News

UPDATE 1-Boeing reports profit, raises outlook; shares up

(Reuters) - Its shares jumped as much as 6 percent to an all-time high
of $110 in electronic trading before the bell, later paring
those gains to $106.63.




Boeing, which vies with Airbus for the title of
world's biggest plane maker and is the Pentagon's No. 2
supplier, reported quarterly profit of $1.1 billion, or $1.35
per share, compared with a loss of $160 million, or 21 cents
per share, in the year-ago quarter.


Read more at Reuters.com Market News

Stelco widens loss in second-quarter on charges

(Reuters) - Excluding the impact of income taxes, Stelco lost C$19
million.





Read more at Reuters.com Market News