Friday, May 25, 2007

UPDATE 1-Wall St Week Ahead: May jobs data to test stocks' rally

(Reuters) - NEW YORK, May 25 - Wall Street's merger-fueled
rally may continue next week, so long as Friday's payrolls
report and other economic news don't spoil the party.




For a holiday-shortened four-day work week, the calendar
is crowded with reports on consumer confidence and the overall
pace of economic growth, among others.


Read more at Reuters.com Economic News

UPDATE 1-US ITC again delays Qualcomm-Broadcom decision

(Reuters) - The ITC said in a notice that the deadline for the decision
had been extended until June 7. It gave no explanation for the
extension.




Broadcom had asked the commission to impose the ban in
response to Qualcomm's infringement of a Broadcom patent
involving battery-saving technology.


Read more at Reuters.com Government Filings News

UPDATE 1-Some Frito-Lay products to bear new heart claim -US

(Reuters) - The U.S. Food and Drug Administration, in a statement, said
the company notified the agency in January about its intent to
add the claim to some of its products. It added any food that
meets the agency's requirements could also carry the claim.




"Frito-Lay intends to apply the claim to vegetable oils,
spreads, and shortenings that have a total unsaturated fat
content of 80 or more of total fat," the FDA said.


Read more at Reuters.com Government Filings News

Nickel Rises as Voisey's Bay Mill Shuts Briefly; Lead Advances to Record

(Bloomberg) -- Nickel gained the most in four weeks
in London after production from the Voisey's Bay mill in eastern
Canada was shut briefly because of a labor dispute over safety.
Lead pared gains after rising to a record.

Cia. Vale do Rio Doce, the world's second-largest refiner of
nickel, said output at its mill in Labrador was halted yesterday
and resumed last night. Voisey's Bay has been operating with
replacement workers for five weeks while employees represented by
the United Steelworkers union try to resolve a labor dispute.
Nickel stockpiles stand at about three days of global demand.


Read more at Bloomberg Commodities News

BMC Software, Cleveland-Cliffs, Peru Copper, Nordson: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 2:40 p.m. New York time.

Adams Respiratory Therapeutics Inc. (ARXT US) rose $3.49, or
8.7 percent, to $43.54 and traded as high as $44.39. U.S.
regulators moved to force illegal competitors to the company's
Mucinex off the market. Hundreds of time-release drugs containing
the chemical guaifenesin are sold to ease cold and cough
symptoms, although Adams alone has approval to sell such
products, the Food and Drug Administration said on its Web site.


Read more at Bloomberg Stocks News

Cleveland-Cliffs takeover talk ups options, shares

(Reuters) - Cleveland-Cliffs shares, which were up $5.04, or 7.2 percent, at $75.86 in afternoon trade on the New York Stock Exchange, have gained 56 percent so far this year.




The Cleveland-based company was not immediately available to comment.


Read more at Reuters.com Hot Stocks News

Archstone-Smith Surges After UBS Reports It May Be a Takeover Candidate

(Bloomberg) -- Shares of Archstone-Smith Trust, the
second-largest U.S. apartment real estate investment trust,
surged as much as 11 percent after investment bank UBS AG said
the company may be a takeover candidate.

The stock posted its biggest gain in six years, rising $4.21
to $55.34 at 11:48 a.m. in New York Stock Exchange composite
trading. The company's market capitalization is $12.37 billion.


Read more at Bloomberg Stocks News