Bristol-Myers Shares, With Few `Buys,' May Rise More on Experimental Drugs

(Bloomberg) -- Just when a majority of analysts say
Bristol-Myers Squibb Co. has done about all it can for
shareholders, new medicines for diabetes and cancer, together
with takeover speculation, may keep the stock rising.

Seventeen of 23 analysts surveyed by Bloomberg rate the
stock ``hold'' or ``sell'' after the New York-based drugmaker
reached the highest in five years. Bristol-Myers's revived
research pipeline helped the shares to the second-biggest gain
among the eight largest U.S. drugmakers this year.


Read more at Bloomberg Stocks News

U.S. 10-Year Treasury Yield Is Near Two-Week High Before Bernanke Speech

(Bloomberg) -- U.S. 10-year Treasury yields held
near their highest in two weeks on speculation Federal Reserve
Chairman Ben S. Bernanke will say inflation is still a concern
when he speaks tomorrow.

Inflation expectations among traders rose for a third day.
Ten-year notes yielded 2.41 percentage points more than
inflation-protected securities, versus 2.39 percentage points a
week ago. The difference represents the rate of inflation
investors expect for the coming decade.


Read more at Bloomberg Bonds News

Nikkei up as Fanuc gains on machinery data

(Reuters) - But shares of real estate firms such as Mitsui Fudosan and Mitsubishi Estate weighed on the market after the data fuelled concern about higher interest rates.




"A rise in U.S. stocks and the machinery data lifted the market at the opening, but gains are likely to be limited ahead of a string of economic indicators later in the week and the election," said Yutaka Miura, deputy manager of the equity information department at Shinko Securities.


Read more at Reuters.com Business News

ANZ financing China iron pellet plant for CVRD venture

(Reuters) - Zhuhai YPM Pellet Co. Ltd is a joint venture set up by Zhuhai
Yueyufeng Iron & Steel Co. Ltd, Pioneer Iron & Steel Group and
CVRD in 2006.




Read more at Reuters.com Mergers News

Japan's Shares Rise After Machinery Orders Jump; Fanuc, Komatsu Advance

(Bloomberg) -- Japanese stocks advanced after a
government report showed machinery orders climbed more than
forecast in May. Komatsu Ltd. led gains.

Energy-related shares including Inpex Holdings Inc. and
Itochu Corp. also rose after crude oil climbed to a 10-month high
last week and metals such as copper and gold gained.


Read more at Bloomberg Stocks News

ANZ pays $88 million for stake in Vietnam broker

(Reuters) - ANZ is paying around 283,360 Vietnamese dong per share, based on Reuters calculations, a hefty premium of about 83 percent over Saigon's last trade price for its minority stake, based on the U.S. dollar conversion.




ANZ senior managing director, Bob Edgar, said the strategic partnership with SSI would benefit ANZ's existing institutional capital markets business in the fast-growing Vietnamese economy.


Read more at Reuters.com Business News

ICE won't raise offer for CBOT - WSJ

(Reuters) - At Friday's closing prices CME's bid was worth about $11.9
billion, including a one-time special dividend by CBOT payable
upon the deal closing. ICE's bid valued CBOT at about $11.8
billion.




ICE and CBOT could not be immediately reached for comment.


Read more at Reuters.com Mergers News

Qantas Airways, Wesfarmers, Woodside Petroleum: 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 on Friday. Prices are from
Friday'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 rose
0.6 percent to 6403 at 6:59 a.m. in Sydney. The Bank of New York
Australia ADR Index added 1.2 percent in New York.


Read more at Bloomberg Stocks News

Gilead shares could head higher - Barron's

(Reuters) - "For the past 20 years, I have been asked every year if the
growth now will slow," Barron's quotes Chief Executive John
Martin as saying. "It hasn't and won't. I continue to see
developing value for stockholders. I continue to see a very
exciting future for this company."




Gilead, which could be a potential takeover target, is
eyeing acquisition as well as stock buybacks, Barron's
reported.


Read more at Reuters.com Mergers News

Egypt indexes hit lifetime closing highs

(Reuters) - Shares in OCI rose 2.9 percent to 415.50 Egyptian pounds , while overall the CASE30 index rose 1 percent to close 8,246.21 points, breaking a previous closing high of 8,220.07 set in February 2006.




The benchmark Hermes index also hit a fresh closing high of 73,151.40 points after rising 0.7 percent. But the broader CIBC index dipped 0.1 percent to close at 344.32 points as profit-taking hit some housing and real estate shares.


Read more at Reuters.com Hot Stocks News