Baidu Shares Surge on Profit Increase, Forecast for Third-Quarter Revenue

(Bloomberg) -- Shares of Baidu.com Inc., operator
of China's most-used Internet search site, rose 19 percent after
the company said second-quarter profit surged and forecast
third-quarter sales that exceeded analysts' estimates.

The company's American depositary shares climbed $34.82 in
U.S. after-hours trading yesterday to $218.05. That will be the
largest one-day increase in more than a year if the gain is
maintained in Nasdaq Stock Market trading today.


Read more at Bloomberg Emerging Markets News

RadioShack and Amazon.com Burn Short Sellers With S&P 500's Top Gains

(Bloomberg) -- RadioShack Corp. and Amazon.com Inc.
have defied short sellers and Wall Street analysts this year by
posting the top gains in the Standard & Poor's 500 Index.

Shares of RadioShack, the third-largest U.S. electronics
chain, and Amazon, the world's biggest online retailer, were
among the 10 most-shorted in the S&P 500 as of June 15,
according to data from the New York Stock Exchange and the
Nasdaq Stock Market. Short sellers try to profit from stock
declines by selling borrowed shares and buying them back at a
lower price.


Read more at Bloomberg Stocks News

Wall St closes up as Nasdaq, Coke spur M&A optimism

(Reuters) - U.S. stocks rose on Friday as takeover news, including Nasdaq's plan to buy Nordic exchange company OMX, boosted investor optimism, although trading was light ahead of a long holiday weekend.

Nasdaq Stock Market Inc.'s planned $3.7 billion acquisition of OMX would give the second-largest U.S. stock exchange a platform to expand in Europe, following a series of mergers in the sector.


Read more at Reuters Africa

GLOBAL MARKETS-M&A activity boosts stocks, dollar dips

(Reuters) - NEW YORK, May 25 - U.S. share prices rose on
Friday after Nasdaq Stock Market Inc. agreed to buy a Nordic
exchanges company while the dollar slipped on data showing U.S.
existing home sales last month neared a four-year low.




Treasury debt prices, meanwhile, remained on track for a
third straight week of losses, weighed down by a recent spate
of strong U.S. economic data, while oil prices rose ahead of a
U.S. holiday weekend and the start of the summer driving
season.


Read more at Reuters.com Bonds News

European Stocks Drop, Paced by Anglo American, Rio; OMX Surges on Takeover

(Bloomberg) -- European stocks dropped for a second
day, paced by mining companies, after copper in Shanghai fell the
most in a week and gold traded near a two-month low.

Anglo American Plc, the world's second-biggest mining
company, and Rio Tinto Plc, the third largest, paced the decline.
OMX AB surged after Nasdaq Stock Market Inc. agreed to buy
Europe's fifth-largest equity market.


Read more at Bloomberg Stocks News

Nasdaq, Foiled on LSE Purchase, Will Acquire Sweden's OMX for $3.7 Billion

(Bloomberg) -- Nasdaq Stock Market Inc. agreed to buy
Sweden's OMX AB for 25.1 billion kronor ($3.7 billion) after
failed attempts to acquire London Stock Exchange Plc left the
U.S. company behind in the race to expand into Europe.

Nasdaq offered 208.1 kronor for each share in Stockholm-
based OMX, the companies said in statement today. Nasdaq will pay
with 0.502 new share and 94.3 kronor in cash for each share in
OMX, Europe's fifth-largest stock exchange.


Read more at Bloomberg Stocks News