Tribune faced with tough borrowing terms: WSJ

(Reuters) - Tribune sold more than $7 billion in loans last week to
fund the tender offer as part of the deal and to refinance some
existing debt, the paper said.




But the company had to agree to higher interest rates than
planned on most of the debt and to pay down some loans within
two years, rather than the seven-year term it sought, the paper
reported.


Read more at Reuters.com Mergers News

Pantaloon, Rival India Retailers Buoyed by Rising Market Share, Revenue

(Bloomberg) -- India's biggest retailers are adding
stores to lure people whose incomes are rising in the world's
second-fastest growing major economy. They're also luring
investors.

Retailers' shares, which lagged behind the broader market
in 2006, are rallying. Tata Group-owned Trent Ltd., which runs
fashion and cosmetics stores, has climbed 15 percent from an
eight-month low in March. Shoppers' Stop Ltd., which sells
clothing, accessories and home decor items, in April had its
biggest monthly gain since September.


Read more at Bloomberg Stocks News

Bimbo, Empresas ICA, Mexichem, Medial Saude, Sadia: Latin Equity Preview

(Bloomberg) -- The following stocks may make
significant gains or losses in Brazil and Mexico today. Symbols
are in parentheses after the company name, and stock prices are
from the last session.

In Brazil, preferred shares are the most commonly traded
class of stock.


Read more at Bloomberg Stocks News

Australia, N.Z. Dollars Drop Against Yen; Appetite for Higher Yields Falls

(Bloomberg) -- The Australian and New Zealand
dollars headed for weekly losses against the yen as a slump in
global stocks prompted investors to reduce bets on higher-
yielding assets.

The currencies fell to the weakest in two weeks versus the
yen as Asian equities followed U.S. shares lower. Traders cut
so-called carry trades, where they borrow in countries with
lower interest rates to fund higher-yielding investments.
Australia's interest rate of 6.25 percent and New Zealand's 7.75
percent compare with Japan's 0.5 percent.


Read more at Bloomberg Currencies News