FCC denies industry bid to delay cable box rule

(Reuters) - The Federal Communications Commission said it would not
postpone an order, scheduled to go into effect on Monday, that
requires cable companies to separate the security functions
from set-top boxes and put them into a card that can be used in
TVs and set-top boxes made by other manufacturers.




"In a new era with a competitive set-top box market,
consumers will enjoy greater choice and reap the benefits of
exciting and innovative features -- such as the ability to
watch Internet videos or view slideshows of family vacations on
their TV sets," FCC Chairman Kevin Martin said in a statement.


Read more at Reuters.com Government Filings News

Teachers group wins C$52 bln race for BCE

(Reuters) - It said that was a 40 percent premium over what it called the "undisturbed share price," or the price before BCE put itself up for sale. BCE shares closed at C$40.34 on the Toronto Stock Exchange on Friday.




"The all-cash transaction is valued at C$51.7 billion, including C$16.9 billion of debt, preferred equity and minority interests," BCE said, adding that it expected the deal to close in the first quarter of next year.


Read more at Reuters.com Mergers News

U.S. family tries living without China

(Reuters) - In "A Year Without 'Made in China,"'
Bongiorni tells how she and her family found that such formerly
simple acts as finding new shoes, buying a birthday toy and
fixing a drawer became ordeals without the Asian giant.




Bongiorni takes pains to say she does not have a
protectionist agenda and, despite the occasional worry about
the loss of U.S. jobs to overseas factories, she has nothing
against China. Her goal was simply to make Americans aware of
how deeply tied they are to the international trading system.


Read more at Reuters.com Business News

U.S. Dollar's Share of Global Reserves Falls to Eight-Year Low, IMF Says

(Bloomberg) -- The dollar's share of global
foreign-exchange reserves fell to the lowest level in at least
eight years as central banks accelerated purchases of euros, the
International Monetary Fund said.

Dollars accounted for 64.2 percent of reserves in the first
quarter, down from 64.6 percent in the prior three months, the
IMF said today in Washington. The share of euros climbed to 26.1
percent from 25.9 percent, reaching its highest proportion since
the single currency was introduced in 1999.


Read more at Bloomberg Currencies News

US STOCKS-Indexes climb as Wall St ends strong quarter

(Reuters) - NEW YORK, June 29 - U.S. stocks rose on Friday
after data showed strength in the economy while an inflation
measure moderated, putting the stock market on track to end the
quarter on a strong note.




Among advancing shares, Research In Motion Ltd.
surged after the BlackBerry maker posted
stronger-than-expected quarterly profit and announced a stock
split. For details, see [ID:nN2838412.


Read more at Reuters.com Bonds News

New York takes precautions after London bomb

(Reuters) - New York normally puts police on heightened alert in response to security incidents in other countries.




As a city that has twice been attacked by Islamic extremists -- a truck bombing of the World Trade Center in 1993 and the attacks of September 11, 2001, -- New York has police representatives in hot spots around the world, including London.


Read more at Reuters.com Bonds News

Copper Rises to Three-Week High in New York as Global Inventories Decline

(Bloomberg) -- Copper futures rose to a three-week
high in New York as declining global inventories of the metal
increased supply concerns.

Chinese stockpiles fell 5.6 percent to 90,617 metric tons,
the biggest decline in six months, the Shanghai Futures Exchange
said in a weekly report today. Inventories in warehouses
monitored by the London Metal Exchange fell 1.4 percent to
114,700 tons today.


Read more at Bloomberg Commodities News