DealTalk: Fewer big fish means fewer large chemical deals

(Reuters) - Chemical deals are up 76 percent globally so far this year and U.S.-target deals are up 325 percent to about $37.5 billion, according to market research firm Dealogic.




A lot of the biggest deals have come to fruition in the past week. Basell , a plastic and chemical company, said on Tuesday that it would buy Lyondell Chemical Co. for about $12.7 billion.


Read more at Reuters.com Business News

International Business Machines and Macy's Calls Jump: U.S. Option Movers

(Bloomberg) -- The following is a list of companies
with unusual option trading in U.S. exchanges today. Stock
symbols are in parentheses after company names. Option trading
and stock prices are as of 3:15 p.m. in New York.

Each call option gives investors the right to buy 100 shares
of a company at a certain price, called the strike price, by a
given date. A put conveys the right to sell 100 shares.


Read more at Bloomberg Stocks News

Bear Stearns, Delphi, Macy's, Newmont, Pulte, UAL: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 2:40 p.m. New York time.

Brazilian airline American depositary receipts fell after a
passenger plane owned by Tam SA crashed on landing at Sao Paulo's
domestic airport, killing as many as 200 people in the country's
worst air disaster. Tam's ADRs (TAM US), each worth one share,
fell $3.28, or 9.2 percent, to $32.55. Gol Linhas Aereas
Inteligentes SA's ADRs (GOL US), each worth one share, fell
$1.20, or 4 percent, to $29.21.


Read more at Bloomberg Stocks News

Copper Rebounds as Worker Protests in Chile Curbs Production at Some Mines

(Bloomberg) -- Copper rebounded in New York on
speculation that metal output will fall further in Chile, the
world's largest producer, amid worker protests at some mines.

Chile's state-owned Codelco said output has been reduced at
three of its mines. A four-week strike by contract workers
triggered most of the shotfall. The metal has gained 4.2 percent
in the past month on concern that labor unrest would disrupt
supplies.


Read more at Bloomberg Commodities News

Moody's Excluded From Rating 70 Percent of New Commercial-Mortgage Bonds

(Bloomberg) -- Moody's Investors Service has been
excluded from rating 70 percent of new commercial mortgage-backed
securities after toughening its guidelines.

Moody's has been shut out of nine of the past 13 deals as
underwriters sought better ratings from rival companies, Tad
Philipp, a managing director at Moody's said today in a telephone
interview. The securities had a face value of more than $25
billion.


Read more at Bloomberg Bonds News

UPDATE 1-CIT eyes change-of-control provisions to debt

(Reuters) - CIT is leaning toward putting these provisions in new bonds
that it issues on a case-by-case basis, should the market
demand them, Chief Executive Jeff Peek told Reuters in an
interview.




Companies in the finance sector have traditionally been
seen as immune from leveraged buyouts. But SLM Corp.,
the student loan company also known as Sallie Mae, agreed in
April to be acquired by two banks and two private equity
investors.


Read more at Reuters.com Bonds News

EU experts back Glaxo's cervical cancer vaccine

(Reuters) - Europe's largest drugmaker said an expert committee at the European Medicines Agency had given a positive opinion on Cervarix based on data from clinical trials involving the vaccination of girls and women aged between 10 and 25.



Recommendations for marketing approval by the agency's Committee for Medicinal Products for Human Use are normally endorsed by the European Commission within a couple of months.


Read more at Reuters.com Government Filings News