ADA-ES files shelf for up to 3 million shares

(Reuters) - Under a shelf registration, a company may sell securities
in one or more separate offerings with the size, price and
terms to be determined at the time of sale.




Read more at Reuters.com Government Filings News

US HIGH YIELD-Spreads at record low but concerns mount

(Reuters) - Average junk bond yields fell to 242 basis points more than
U.S. Treasuries on Tuesday, down from a recent high of 299
basis points on March 5, according to Merrill Lynch data.




The previous record low spread of 244 basis points was set
in 1997 and was matched last Wednesday, according to Merrill
Lynch.


Read more at Reuters.com Bonds News

Brocade ex-CEO loses bid to dismiss charges

(Reuters) - Breyer wrote in his opinion that the indictment passed
legal muster.




It was the second time Breyer has turned down Reyes'
request to have portions of the indictment dismissed. Breyer in
March denied a motion contending the indictment failed to
properly allege that Reyes and Brocade's former human resources
vice president, Stephanie Jensen, betrayed the company through
fraud.


Read more at Reuters.com Government Filings News

UPDATE 1-Jo-Ann Stores' quarterly loss narrows

(Reuters) - The company said its first-quarter net loss narrowed to
$1.7 million, or 7 cents a share, from $6.6 million, or 28
cents a share, a year earlier.




Net sales slipped 0.1 percent to a lower-than-expected
$424.2 million. But sales at stores open at least a year, a key
retail measure known as same-store sales, rose 1.8 percent for
the quarter, versus a year-ago decline of 3.9 percent.


Read more at Reuters.com Market News

Cattle Futures Fall Most in Four Months as Beef Demand Slows; Hogs Gain

(Bloomberg) -- Cattle futures fell to the lowest in
almost four months on speculation demand for beef declined after
the U.S. Memorial Day holiday. Hog futures rose.

About 258,000 head of cattle have been slaughtered so far
this week, compared with 378,000 last week and 260,000 during
the same period a year ago, according to the U.S. Department of
Agriculture. That indicates less demand from retailers, said Dan
Vaught, an analyst at A.G. Edwards & Sons Inc. in St. Louis.


Read more at Bloomberg Commodities News

FACTBOX: Thai court bans Thaksin, party

(Reuters) - KEY POINTS:




- Thaksin's Thai Rak Thai party, which won landslide election victories in 2001 and 2005, was found guilty of breaking election laws in last year's inconclusive poll, which he had called to defuse street protests against him.


Read more at Reuters.com Bonds News

Coffee Futures Rise in New York as Cooler Winter Weather Arrives in Brazil

(Bloomberg) -- Coffee futures rose for the first
time in three sessions in New York as winter arrived in Brazil,
the largest producer.

High pressure along the Argentina-Uruguay border brought
cooler weather to the coffee belt, especially in northern Parana
state in Brazil, according to Meteorlogix LLC in Woburn,
Massachusetts. Temperatures will moderate into early next week
then turn cooler again, though no crop-damaging freeze is
expected, the private forecaster said.


Read more at Bloomberg Commodities News

Yen Rebounds From Record Low Against Euro as Chinese Stocks Slump on Tax

(Bloomberg) -- The yen rose from a record low versus
the euro after Chinese stocks slumped and investors sold
emerging-market assets bought with money borrowed in Japan.

The yen gained against 12 of the 16 most actively traded
currencies after China raised a tax on securities transactions
to stem surging share prices. The yen has fallen 3.7 percent
versus the euro this year as investors take advantage of
borrowing costs in Japan that are the lowest among major
economies to fund investment in higher-yielding assets
elsewhere.


Read more at Bloomberg Currencies News

Salesforce up on speculation of Google deal

(Reuters) - Analysts said the announcement could be an expansion of a relationship between Salesforce and No. 1 Web search provider Google. Salesforce declined to give more details.




The two companies provide software over the Web through what is known as an on-demand model. Salesforce sells software to help companies manage sales and marketing. Google's business software include products for searching corporate databases, as well as recently launched programs that big companies can use for word processing, presentations and spreadsheets.


Read more at Reuters.com Mergers News

Peruvian Stocks Slides Most in 12 Years on Copper: World's Biggest Mover

(Bloomberg) -- Peru's main stock index fell the most in
more than 12 years, led by miner Sociedad Minera Cerro Verde SA, as
the price of copper dropped on concern over Chinese demand.

The Lima General Index plunged 1587.44, or 7.9 percent, the
most since January 1995, to 18,479.33 at 12:08 p.m. New York time.
It was the biggest move among markets included in global
benchmarks.


Read more at Bloomberg Stocks News

Corn, Soybeans Rally as Dry Weather Damages Fields in Southwestern U.S.

(Bloomberg) -- Corn rose the most in more than two
weeks in Chicago and soybeans gained after a government report
showed warm, dry weather was increasing drought stress on crops
from Arkansas to North Carolina.

Corn crop ratings fell in 10 of the top 18 producing states
as dry weather stunted early plant development in growing areas
outside of the Midwest, the U.S. Department of Agriculture said.
Dry soils also slowed soybean emergence and increased drought
stress in the southeast. Excessive rains have hurt crops in
Kansas and Missouri.


Read more at Bloomberg Commodities News

UPDATE 1-Joy Global Q2 profit falls on interest expense, charges

(Reuters) - The company earned $77.6 million, or 70 cents a share,
compared with $82.9 million, or 66 cents a share, a year ago.
Analysts on average were expecting 72 cents a share before
exceptional items, according to Reuters Estimates.




Net sales rose 12 percent to $629.2 million. Analysts were
expecting $657.0 million on average.


Read more at Reuters.com Market News

Sweden's Vin & Sprit in China joint venture

(Reuters) - By Johannes Hellstrom



STOCKHOLM, May 30 - Absolut vodka maker Vin & Sprit has formed a joint venture with Chinese baijiu producer JianNanChun in a bid to tap into a $19 billion market for the domestic spirit, the Swedish firm announced on Wednesday.


Read more at Reuters.com Bonds News

Gold Fields says exploration executive resigns

(Reuters) - South African gold miner Gold Fields Ltd on Wednesday said its executive Vice President and head of exploration, Craig Nelsen, had resigned from the group.

Gold Fields -- the world's fourth biggest gold producer -- said Nelsen would be leaving to establish a new business venture, of which he would be CEO.


Read more at Reuters Africa

Crude Oil Rises on Speculation Gasoline Supply Gain Won't Cap Fuel Prices

(Bloomberg) -- Crude oil rose in New York amid
speculation that an expected increase in gasoline stockpiles
won't be large enough to reduce a supply deficit.

Gasoline stockpiles gained 1.5 million barrels in the week
ended May 25, according to the median of responses by 15 analysts
before an Energy Department report tomorrow. Supplies in the week
ended May 18 were 7 percent lower than the five-year average for
the period, the department said last week.


Read more at Bloomberg Commodities News

Housing Slump, Migrant Crackdown Reduce Dollar Flows to Mexico, Hurt Peso

(Bloomberg) -- Ernesto Perez, a 27-year-old Mexican
immigrant, says construction work in New York has become so
scarce he's stopped sending money back to his parents in the
southwestern state of Guerrero.

``If I don't find work soon, we're moving back home,''
Perez said last week as he walked away from the corner in
Queens, New York, where he and dozens of Hispanic workers hope
to get chosen for construction jobs. On this day, Perez gave up
after a six-hour wait.


Read more at Bloomberg Exclusive News

Chart Industries sets secondary offering of 12.6 mln shares

(Reuters) - The company will not receive any proceeds from the sale of
shares by the selling stockholders and, if the over-allotment
option is exercised, will use the proceeds for general
corporate purposes, including debt reduction.





Read more at Reuters.com Bonds News

Fitch cuts IBM's credit rating on stock buybacks

(Reuters) - Fitch lowered IBM's "AA-minus" issuer default and senior
unsecured debt ratings one notch to "A-plus," the fifth highest
rating.




The downgrades "reflect IBM's shift in financial policies
to a more aggressive long-term capital structure with a higher
degree of core financial leverage," Fitch said in a release.


Read more at Reuters.com Bonds News

China's CSI 300 Drops After Transaction Tax Tripled: World's Biggest Mover

(Bloomberg) -- China's stocks tumbled the most in
three months after the government tripled the tax on securities
transactions to cool a rally that's drawing more than 300,000 new
investors a day.

The CSI 300 Index dropped 281.83, or 6.8 percent, to close
at 3886.46 in Shanghai, the biggest fluctuation among markets
included in global benchmarks. The value of local stocks has more
than doubled this year to $2.47 trillion and brokerage accounts
topped 100 million for the first time this week.


Read more at Bloomberg Stocks News

NiSource, Solarfun, Wireless Facilities, Equity One: 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 10:10 a.m. New York time.

Acco Brands Corp. (ABD US) rose $1.47, or 6.1 percent, to
$25.58 and traded as high as $25.90. The maker of office products
such as staplers and paper shredders said Breeden Capital
Management LLC increased its stake to 9.7 percent from less than
1 percent.


Read more at Bloomberg Stocks News

US stock indexes rise on tech M&A, but China and oil drag

(Reuters) - U.S. stocks ended higher on Tuesday, helped by a wave of takeover news involving tech companies such as Avaya Inc., but China's move to cool off its skyrocketing stock market limited Wall Street's broader advance and raised concern about a global equity sell-off.

A slide in shares of energy companies, including Exxon Mobil Corp., weighed on the Dow Jones industrial average and the S&P 500 in light post-holiday trading as U.S. oil prices dropped about $2 a barrel.


Read more at Reuters Africa

S.Africa government bonds, rand weaken on inflation leap

(Reuters) - South African government bonds weakened on Wednesday after official figures showed inflation soaring to a near four-year record of 6.3 percent year-on-year in April, hardening the case for higher interest rates.

The rand currency tracked bonds lower, extending its session losses against the dollar to touch 6-week lows against the dollar.


Read more at Reuters Africa

Investec Agrees to Buy U.K.'s Subprime Bank Kensington for $560 Million

(Bloomberg) -- Investec, a South African private and
investment bank with units in the U.K. and Australia, agreed to buy
Kensington Group Plc for 283 million pounds ($560 million) to
expand its mortgage-backed securities business in Britain.

The offer values each Kensington share at 519.5 pence, a
premium of 6 percent over the London-based bank's closing stock
price yesterday, Johannesburg-based Investec said. Investec offered
0.7 new shares for each Kensington share and a special dividend
from Kensington of 26 pence, based on the value of Investec's
closing stock price of 705 pence yesterday.


Read more at Bloomberg Emerging Markets News

Polo Ralph Lauren posts higher quarterly profit

(Reuters) - Analysts, on average, were expecting the New York-based company to earn 62 cents per share, according to Reuters Estimates.




Net quarterly revenue rose 6 percent, to $1.03 billion, in line with Reuters Estimates, driven by a 10 percent increase in European sales and U.S. sales of children's wear, menswear and Lauren clothing.


Read more at Reuters.com Market News

Brazilian Real, Mexican, Chilean Peso: Latin American Currency Preview

(Bloomberg) -- The following events and economic
reports may influence trading in Latin American currencies today.
Exchange rates are from the previous session.

Argentine peso: Construction activity rose 2.3 percent in
April from a year earlier, the National Statistics Institute
reported yesterday.


Read more at Bloomberg Currencies News

CORRECTED - UPDATE 1-Alitalia shares fall after TPG withdraws bid

(Reuters) - A consortium led by U.S. private equity company Texas
Pacific Group said late on Tuesday it was withdrawing from
bidding for Alitalia.




The pullout leaves Italian airline Air One and Russian flag
carrier Aeroflot vying for Alitalia. Both bids are supported by
Italian banks -- Aeroflot's by UniCredit, and Air One's by
Intesa Sanpaolo.


Read more at Reuters.com Mergers News

Uranium Demand Will Double by 2030, World Nuclear Association Forecasts

(Bloomberg) -- Uranium demand will more than double
by 2030, with use of the nuclear fuel spreading to Malaysia,
Indonesia and Vietnam, said a group representing companies
including BHP Billiton Plc, Cameco Corp. and Duke Energy Corp.

Demand will climb to 160,000 metric tons by 2030, from
65,000 tons this year, Steve Kidd, director of strategy and
research of the World Nuclear Association, said at a Mining
Journal uranium conference in London today.


Read more at Bloomberg Commodities News

Altadis, Portugal Telecom, C&W: European Credit-Default Swap Market Movers

(Bloomberg) -- The risk of owning European corporate
bonds rose today, according to traders in the credit-default
swaps market.

Contracts based on 10 million euros ($13 million) of debt
included in the iTraxx Crossover Series 7 Index rose 4,500 euros
to 194,500 euros, according to JPMorgan Chase & Co.


Read more at Bloomberg Bonds News

UPDATE 2-Moody's reviews China, HK for possible upgrade

(Reuters) - HONG KONG, May 30 - Moody's Investors Service
placed China's A2 rating on review for a possible upgrade on
Wednesday, praising its strong external payments position,
continued success in reform and favourable fiscal trends.




The ratings agency said it was also reviewing for a
possible upgrade China's A2 country ceilings for foreign and
local currency bank deposits, as well as its A2 foreign and
local currency bond ceilings, and its ratings for Hong Kong and
Macau.


Read more at Reuters.com Economic News

ICE in pact with Chicago options exchange: report

(Reuters) - CBOT has been battling with the CBOE over exercise rights that date back to the creation of the options exchange by CBOT in 1973. The rights allow CBOT full members to trade options at the neighboring CBOE without having to buy a membership.




CBOE has requested that these rights be terminated if CBOT is taken over. CBOT has vowed to protect the rights.


Read more at Reuters.com Business News