Wednesday, June 13, 2007

Japan's Shares Climb, Led by Nintendo, on Higher U.S. Spending, Weaker Yen

(Bloomberg) -- Japanese stocks rose after U.S.
retail sales jumped by the most in more than a year. Exporters
including Nintendo Co. led gains on speculation higher consumer
spending and lower borrowing costs in Japan's largest overseas
market will lift profits.

Exporters such as Toyota Motor Corp. also got a boost after
the yen weakened to the lowest against the dollar since 2002,
and the Federal Reserve said in its Beige Book survey the U.S.
economy is growing without stoking inflation.


Read more at Bloomberg Stocks News

BNP Paribas, Gemalto, Group Eurotunnel, Bongrain: French Equity Preview

(Bloomberg) -- Shares of the following companies
may rise or fall on the Paris stock exchange. Stock symbols are
in parentheses and prices are from the last close.

The CAC 40 Index jumped 36.11, or 0.6 percent, to 5934.27.
The SBF 120 Index also added 0.6 percent.


Read more at Bloomberg Stocks News

European Stocks May Rise; Daimler, BHP Billiton, Rio Tinto May Advance

(Bloomberg) -- European stocks may advance for a
second day, led by exporters and mining companies, after the
Federal Reserve said the world's largest economy is growing without
spurring inflation and copper prices gained in Asia.

DaimlerChysler AG and Barclays Plc will probably advance after
their U.S.-traded securities ended higher than the close in Europe.
BHP Billiton Ltd., the world's biggest mining company, and Rio Tinto
Group gained in Australia. GlaxoSmithKline Plc, the world's second-
largest drugmaker, may be active after a report about increasing
shareholder pressure to sell the consumer healthcare division.


Read more at Bloomberg Stocks News

Gerdau Ameristeel and Transcontinental: Canadian Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes in Canadian markets.
This preview includes news that broke after markets closed.
Symbols are in parentheses after company names and prices are
from the last close.

The Standard & Poor's/TSX Composite Index gained 135.19, or
1 percent, to 13,859.52 in Toronto.


Read more at Bloomberg Stocks News

Bare Escentuals, Casey's General, Focus Media, L-3: U.S. Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes in U.S. exchanges
today. This preview includes news that broke after exchanges
closed yesterday. Stock symbols are in parentheses after company
names.

Bare Escentuals Inc. (BARE US): The cosmetics company
raised $292 million in a stock offering. Its shares fell 98
cents, or 2.6 percent, to $37.18 in regular trading yesterday.


Read more at Bloomberg Stocks News

Sprint seeks funding for wireless network: WSJ

(Reuters) - A Sprint spokesman did not immediately return a call seeking comment.




Sprint has committed to spending about $3 billion through next year to build the high-speed wireless network, called WiMax, but some shareholders -- including Ralph Whitworth's Relational Investors -- have questioned the strategy.


Read more at Reuters.com Business News

Detroit carmakers to seek big union concessions: report

(Reuters) - None of the three automakers or the UAW was immediately available for comment.




One industry executive told the Journal the three companies are resolved to move jobs overseas if they cannot reduce their U.S. labor costs.


Read more at Reuters.com Business News