Transmeta files $50 mln shelf offering

(Reuters) - Under a shelf registration filed with the U.S. Securities
and Exchange Commission, 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 Bonds News

India's Megasoft to buy Boston Communications for $65 mln

(Reuters) - The deal is expected to be completed in the third quarter.





Read more at Reuters.com Mergers News

Tullow Oil cuts North Sea plans as Africa finds grow

(Reuters) - London-based oil explorer Tullow Oil Plc said it was cutting back drilling plans in the UK North Sea so it can boost exploration activities in Ghana and Uganda, where earlier finds are proving bigger than expected.

The shift will see Tullow miss its 2007 production guidance by 7-8 percent but Chief Financial Officer Tom Hickey said that with a recent oil discovery in Ghana turning into the company's biggest ever, capital was better spent accelerating drilling there.


Read more at Reuters Africa

China shares end higher, led by banks, real estate

(Reuters) - Bank of Nanjing and Bank of Ningbo announced price ranges on Wednesday for their initial public equity offers, set to raise a combined total of up to 11.07 billion yuan .




The Shanghai Composite Index ended at 3,865.723 points, reversing a fall of as much as 1 percent during the afternoon and a 0.78 percent drop on Tuesday.


Read more at Reuters.com Hot Stocks News

Corporate Bond Risk Soars Most in Three Years on Subprime Debt Downgrades

(Bloomberg) -- Corporate bond risk soared in Europe
by the most in at least three years as debt rating downgrades on
U.S. subprime securities triggered a worldwide selloff,
according to traders of credit-default swaps.

Credit-default swaps on 10 million euros ($13 million) of
debt sold by 50 companies from Italian automaker Fiat SpA to
betting group Ladbrokes Plc in London jumped 25,000 euros to
291,000 euros, according to prices on the iTraxx Crossover
Series 7 Index from JPMorgan Chase & Co. The increase is the
biggest on any day since the index started in 2004.


Read more at Bloomberg Bonds News

Unibail-Rodamco says has 95.74 pct of Rodamco

(Reuters) - During the period, which ended on Tuesday at 1300 GMT, an
additional 16.1 percent of Rodamco shares were tendered, adding
to Unibail-Rodamco's holdings.




French Unibail Holding S.A. declared its offer for Dutch
Rodamco Europe unconditional in June, creating Europe's biggest
listed property company as measured by market capitalisation.


Read more at Reuters.com Mergers News

Chicago Soybeans Rise to Three-Year High on U.S. Output Concern; Wheat Up

(Bloomberg) -- Soybean futures in Chicago rose to a
three-year high on speculation that the U.S. crop may be less
this year than the government forecast in June. Wheat futures
also climbed.

Farmers planted more corn after the grain reached a 10-year
high in February, driven by demand for ethanol and animal feed.
Soybean acreage fell by 15 percent from last year's record, the
U.S. Department of Agriculture said on June 29. The department is
scheduled to release its next supply and demand report tomorrow.


Read more at Bloomberg Commodities News