Japan Stocks May Drop on U.S. Earnings, Election Concern; Komatsu May Fall

(Bloomberg) -- Japanese shares may decline, paced by
companies that rely on the U.S. market, after Caterpillar Inc.
said its profit dropped on lower North American sales. Exporters
such as Honda Motor Co. and Komatsu Ltd. may fall.

Investors may also refrain from betting heavily on stocks
before the Upper House election, which will be held on July 29.
The Nikkei newspaper reported yesterday Japan's ruling coalition
may lose its majority in the election, citing its own poll.


Read more at Bloomberg Stocks News

New York Times coverage tiptoes around owner - NYT editor

(Reuters) - Hoyt said today's New York Times is caught in unprecedented
changes in an industry where readers are flocking to the Internet
and advertising revenue is tumbling for print editions across the
country. The Bancroft family, owners of Wall Street Journal
publisher Dow Jones & Co. Inc. , likely will sell to
Murdoch, even though some members think he'll bring his tabloid
heart to the pages of the financial news icon.




Hoyt said the Times has covered the Bancroft-Murdoch saga
aggressively.


Read more at Reuters.com Mergers News

Misys sells two US health software units

(Reuters) - The group has also agreed to sell its California-based CPR
Business, a system for collecting and sharing data within
hospitals, to QuadraMed Corporation for $33 million in cash.




Earlier this year, Misys embarked on a five-year turnaround
plan to halt sliding earnings by making cost cuts and revamping
products.


Read more at Reuters.com Mergers News

Egyptian indexes decline as Orascom Telecom dips

(Reuters) - Egyptian stock indexes dipped on Sunday following declines in global markets and amid continued caution over an offer by big cap Orascom Telecom to buy Raya, brokers said.

Orascom Telecom lost 0.8 percent to end at 77.50 Egyptian pounds, while shares in fellow market heavyweight Orascom Construction Industries dipped 0.6 percent to 398.90 pounds.


Read more at Reuters Africa

LA port clerks submit "last, best and final" offer

(Reuters) - "I'm not optimistic at all about it," said John Fageaux,
president of the 930-member Local 63 of the Marine Clerks
Association of the International Longshore Warehouse Union.




Stephen Berry, lead negotiator for the shipping companies,
said they were considering the clerks' offer and had committed
to getting back to them by Tuesday. He said the shippers also
submitted an offer to the union on Saturday.


Read more at Reuters.com Bonds News

RBS-led group launches 71 bln euro ABN takeover

(Reuters) - A consortium led by Royal Bank of Scotland said on Friday it had formally launched its 71.1 billion euro bid for Dutch bank ABN AMRO as it attempts to beat rival suitor Barclays to the biggest ever bank takeover.

The consortium, which also includes Spain's Santander and Belgian-Dutch group Fortis, said the initial offer period would run from July 23 until October 5.


Read more at Reuters Africa

India's ICICI Bank net rises 25 pct, meets forecast

(Reuters) - A Reuters poll of 10 brokerages and analysts had forecast
24.6 percent rise in net profit to 7.7 billion rupees.




Total income for the quarter was 92.81 billion rupees, up
from 60.49 billion rupees a year ago.


Read more at Reuters.com Market News