U.S. House passes Iran divestment bill

(Reuters) - Under the legislation approved by a 408-6 vote, the Treasury Department would be required to list twice yearly on the Internet the names of companies that have more than $20 million invested in the Iranian energy sector.




Money managers who decide to divest from companies on that list would be protected from lawsuits under the bill, which shields both private-sector money managers and fund managers for state and local governments and educational institutions.


Read more at Reuters.com Government Filings News

UPDATE 1-GE Money to offer Gap customers a Visa credit card

(Reuters) - CHICAGO, July 2 - General Electric Co.'s GE Money consumer lending unit said on Monday that it would start to offer a Visa credit card to Gap Inc. customers, broadening its reach in the apparel chain's stores.



The new Visa cards will be offered to customers of Gap's namesake chain, Banana Republic and Old Navy. GE will also continue to provide private-label credit card programs for Gap Inc. through 2013. It has provided credit programs to Gap since 1998.


Read more at Reuters.com Bonds News

Shares in Eland Platinum Plunge on Report That Takeover Bids Were Dropped

(Bloomberg) -- Shares of Eland Platinum Holdings
Ltd., South Africa's best performing stock over the last year,
fell as much as 26 percent after a report that potential bidders
may have decided against making a takeover offer.

Xstrata Plc and BHP Billiton Ltd. were both willing to
offer around 70 rand ($9.70) for Eland, Johannesburg-based Web
site Moneyweb said, citing people familiar with the situation.
Eland rose to a record 124.90 rand on June 4, almost two months
after saying it was in talks that may affect its shares.


Read more at Bloomberg Emerging Markets News