Daewoo Shipbuilding, Dongkuk Steel Mill, NCsoft: South Korea Stock Preview

(Bloomberg) -- The following shares may rise or fall
in South Korea. Prices refer to the previous close. This preview
includes news announced after markets shut yesterday. Stock
symbols are in brackets after the company names.

The Kospi index retreated 0.2 percent to 1889.96. The Kosdaq
rose 0.6 percent to 820.02. Kospi 200 futures expiring in
September lost 0.6 percent to 240.85, while the underlying index
slipped 0.2 percent to 240.46.


Read more at Bloomberg Stocks News

Japanese Exporter Stocks May Advance on Yen's Drop; Murata May Decline

(Bloomberg) -- Japanese exporter shares such as
Canon Inc. may advance after the yen declined against the dollar
and euro and the U.S. Federal Reserve officials said the world's
biggest economy will weather the housing slump.

Both the Nikkei 225 Stock Average and the Topix index had
the largest drop in two weeks yesterday.


Read more at Bloomberg Stocks News

NAACP hits subprime lenders with class action suit

(Reuters) - The lawsuit cited data from the National Community
Reinvestment Coalition showing that lenders on average made
high-cost subprime loans to higher-qualified blacks 54 percent
of the time, compared to 23 percent of the time for whites,
even when the white applicants were less qualified.




It also included research from the Center for Responsible
Living. "These statistical disparities are not mere
happenstance, but instead result from a systematic and
predatory targeting of American-Americans," the court document
said.


Read more at Reuters.com Bonds News

UPDATE 1-Sony Ericsson quarterly sales, profit rise

(Reuters) - The cell phone venture of Sweden's Ericsson and
Japan's Sony Corp. , known for higher-end music
phones based on its Walkman brand, said it gained market share
in the quarter by selling lower priced phones that widened its
potential customer base.




Its report came shortly after bigger rival Motorola Inc.
forecast a quarterly loss, blaming weak phone sales.


Read more at Reuters.com Market News

New Web site encourages firms to report corruption

(Reuters) - BRIBEline.org, launched by TRACE, a Maryland-based non-profit group, lets anyone volunteer information about incidents of corruption or bribery in the United States or abroad.




The information compiled from BRIBEline will help companies determine where corruption is most prevalent and will help governments strengthen their ability to tackle corruption.


Read more at Reuters.com Business News

News Corp., Perseverance, Rio Tinto, Westfield: Australian Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may rise or fall in Australia. This preview includes
news announced after markets closed yesterday. Prices are from
yesterday's close unless otherwise stated. Stock symbols are in
brackets after the company names.

The S&P/ASX 200 Index futures contract due in September added
0.4 percent to 6352 at 6:59 a.m. in Sydney. The Bank of New York
Australia ADR Index rose 0.4 percent in New York.


Read more at Bloomberg Stocks News

UPDATE 1-Blackbaud says Q2 rev may top prior view

(Reuters) - The company had expected operating income of $15.3 million
to $16.0 million, excluding stock-based compensation and
amortization of acquired intangibles. It had forecast total
revenue of $61 million to $63 million for the second quarter.




In sales, the company has witnessed better-than-expected
revenue in the first half of the year, Chief Executive Marc
Chardon said in a statement.


Read more at Reuters.com Market News