UPDATE 1-U.S. panel sets July 11 hedge funds risk hearing

(Reuters) - WASHINGTON, July 5 - The U.S. House of
Representatives Financial Services Committee said on Thursday
it will hold a July 11 hearing into systemic risks to the
economy and the financial system posed by hedge funds.




Chairman Barney Frank, a Massachusetts Democrat, said in a
statement that senior officials from the Federal Reserve, the
Treasury Department, the Securities and Exchange Commission and
the Commodity Futures Trading Commission are scheduled to
testify.


Read more at Reuters.com Government Filings News

Apple shares at new high on iPhone sales prospects

(Reuters) - Analyst estimates for iPhone sales in its first weekend run as high as 700,000 units, beating many investors' expectations, and some now expect the momentum to continue. The device went on sale last Friday.




AT&T Inc., the exclusive U.S. provider for the phone, said it had virtually sold out of the device in that time, though neither company has provided sales data.


Read more at Reuters.com Business News

TREASURIES-Strong data pummels bonds ahead of jobs report

(Reuters) - NEW YORK, July 5 - U.S. government bonds tumbled
on Thursday after strong data on jobs and services dimmed
remaining hopes of a Federal Reserve rate cut anytime soon,
while markets braced for Friday's monthly employment report.




The Institute for Supply Management's gauge of the service
sector hit its highest in over a year, while a report on
employment in the private sector showed surprising strength.
Both releases sent bonds lurching lower. For details, see
[ID:nN05325462].


Read more at Reuters.com Bonds News

US STOCKS-Nasdaq climbs on Apple, signs of growth

(Reuters) - NEW YORK, July 5 - The Nasdaq Composite rose on
Thursday as technology shares benefited from
stronger-than-expected economic data and Apple Inc.
shot to a record on expectations of strong sales momentum for
its iPhone.




But rising bond yields were a damper on the broader market,
leaving the Dow industrials and S&P 500 barely changed on the
day.


Read more at Reuters.com Bonds News

UPDATE 2-Fitch, S&P cut Hilton's rating on acquisition

(Reuters) - Another agency, Moody's Investors Service, said it may cut
Hilton's ratings and will base its decision on the company's
capital structure when the deal closes.




Blackstone agreed on Tuesday to buy Hilton for about $20
billion plus debt, the richest in a series of recent private
equity offers for hotel companies. For details see
[ID:nN03234692].


Read more at Reuters.com Mergers News

Healthways Q3 profit rises

(Reuters) - Net income rose to $10.8 million, or 29 cents a share, from $9.3 million, or 26 cents a share, a year ago.



Earnings from core commercial business rose to 43 cents a share from 30 cents a year ago, the healthcare services company said.


Read more at Reuters.com Market News

Peru Sol, Little Changed, May Gain as Miners, Other Exporters Pay Taxes

(Bloomberg) -- Peru's sol, little changed today, may
gain in coming days as mining companies and other exporters sell
dollars to pay monthly income taxes.

The sol was little changed at 3.1655 per dollar, leaving it
up 0.9 percent this year.


Read more at Bloomberg Currencies News