WRAPUP 1-LatAm markets breathe easier, helped by Wall St

(Reuters) - Equity markets posted the largest gains, with Brazilian
stocks rallying more than 3 percent after losses of almost 8
percent last week. Mexican and Argentine stocks followed suit,
with gains of more than 1.5 percent each.




"For me, this is only an adjustment. It is not a sign that
the upward trend is back, we can't affirm that yet," said Nami
Neneas, head of equities at Banif brokerage in Sao Paulo.


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UPDATE 1-CB Richard Ellis second-quarter earnings soar

(Reuters) - CB Richard Ellis posted a second-quarter net profit of $141.1
million, or 59 cents per share, compared with $64.3 million, or 27
cents per share, in the year-ago quarter.




Excluding items, the Los Angeles-based company posted a profit
of $157.3 million, or 66 cents per share, ahead of the average of
analysts forecast of 41 cents per share, according to Reuters
Estimates.


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RPT-CB Richard Ellis second-quarter earnings soar

(Reuters) - Excluding items, the company posted a profit of $157.3
million, or 66 cents per share, ahead of the average of
analysts forecast of 41 cents per share, according to Reuters
Estimates.




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UDR posts higher quarterly FFO

(Reuters) - Analysts were expecting FFO of 45 cents cents a share,
according to Reuters Estimates.




FFO removes the profit-reducing effect that depreciation --
a noncash accounting item -- has on earnings.


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U.S. vehicles rank bottom in world fuel efficiency

(Reuters) - The report comes as the House of Representatives will debate energy legislation this week, and some lawmakers want to tack on language to significantly increase the miles American cars and trucks travel on a gallon a gasoline.




U.S. fuel-efficiency requirements for passenger cars have been stuck at 27.5 miles per gallon since 1985, while the standard for pickups, minivans and other light trucks will increase from 20.7 mpg in 2004 to 24 mpg in 2011.


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UPDATE 1-Texas Roadhouse quarterly net income rises

(Reuters) - The company posted second-quarter earnings of $9.3 million,
or 12 cents a share, compared with $8.8 million, or 12 cents a
share, last year.




Total revenue was $181 million for the period, compared
with $146.7 million last year.


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US CREDIT-Spreads likely to stay shakey after whipsaw

(Reuters) - Analysts were hesitant to call a top or bottom to the
market on Monday though, after benchmark spreads whipsawed
through one of their largest one day moves in history, hitting
mutli-year wides early in the day, only to end the day
tighter.




The investment grade credit derivative index jumped around
20 basis points in early trade to more than 100 basis points,
its widest level since the index's inception in 2004, before
whipping back to around 73 basis points, around 8 basis points
tighter on the day.


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