UPDATE 1-Fannie former execs to get bonus payouts -source

(Reuters) - WASHINGTON, July 3 - Former Fannie Mae top
executives Franklin Raines and Timothy Howard are set to
receive bonus payouts under the mortgage finance company's
recently announced compensation plan, sources familiar with the
deal said on Tuesday.




Raines, the former CEO, and former chief financial officer
Howard, who resigned in December 2004 as an accounting scandal
was breaking, are eligible for bonuses under a long-term
incentive program, the sources said.


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UPDATE 1-Colombia cen govt deficit $1.63 bln in Feb

(Reuters) - The central government fiscal deficit for the first two
months of this year was 4.18 trillion pesos or $2.13 billion
compared with 5.64 trillion pesos in the same period a year
earlier, the finance ministry said in a statement.




The local peso currency traded at 1,960.61 pesos to the
U.S. dollar.


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ABC/Wash Post Consumer Comfort Index rises to -7

(Reuters) - The measure ranges from -100 to +100. Its 2007 average is
-6 and its average since 1985 is -9.




The three components of the survey scored higher as
Americans' positive views on their personal finances improved 1
percentage point to 61, views on the national economy were up 2
percentage points to 40 and those on the buying climate
improved by 5 percentage points to 39.


Read more at Reuters.com Economic News

UPDATE 4-Teck Cominco to buy Aur for Chile copper assets

(Reuters) - TORONTO, July 3 - Teck Cominco has
agreed to buy Aur Resources with a friendly cash and
stock offer worth C$4.1 billion that will
significantly boost Teck's copper production, the companies
said on Tuesday.




Cash-rich Teck, one of the world's top zinc producers, has
been reviewing ways to spend its pile of money over the past
nine months. The Aur deal would boost copper production by 43
percent and add deposits under development.


Read more at Reuters.com Mergers News

Mexico markets jump as investors expect rtg upgrade

(Reuters) - The benchmark IPC stock index closed 2.22 percent
higher at 32,117.83 points, while the peso
finished local trading flat at 10.764 per dollar.




S&P raised the outlook on Mexico's BBB sovereign debt
ratings to "positive" from "stable" on Monday, citing growing
prospects for tax reform and a lighter external debt burden.


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American Airlines reports higher June load factor

(Reuters) - The airline said domestic traffic decreased 3.0 percent year over year on 5.8 percent less capacity. International traffic decreased by 4.3 percent over last year on a capacity decrease of 4.6 percent.



American boarded 8.7 million passengers in June.


Read more at Reuters.com Market News

UPDATE 1-Regal Beloit acquires certain businesses from Tecumseh

(Reuters) - The acquisition will add about $290 million of sales and
about 10 cents to 15 cents a share to earnings in 2008, the
maker of motion control and power generation products said in a
statement.




In a separate statement, Tecumseh said the sale composed of
the residential & commercial motors and Asia Pacific divisions
of its Fasco business unit. It plans to use the proceeds to
repay debt.


Read more at Reuters.com Mergers News