Florida East Coast says enters into MoU to settle class action

(Reuters) - The settlement of the consolidated class action will not
affect the amount of the special dividend or the merger
consideration to be paid in the merger, the company said in a
filing with U.S. Securities and Exchange Commission.





Read more at Reuters.com Government Filings News

UPDATE 1-KPN, competitors agree on next-generation rollout

(Reuters) - The rival providers have had to rethink their business
models following KPN's plan to extend its high-speed fibre-optic
network all the way to street boxes, scrapping most of its 1,400
local exchanges where its competitors have equipment installed.




The rival operators currently only rent the final bit of
copper wire leading into homes from KPN.


Read more at Reuters.com Government Filings News

Asian Stocks Rise the Most in Two Months on Takeovers; Posco, BHP Climb

(Bloomberg) -- Asian stocks rose the most in two
months, spurred by Rio Tinto Group's $38 billion bid for Alcan
Inc. and higher sales at U.S. retailers.

Posco surged by the most in four years and BHP Billiton Ltd.
climbed following Rio's offer. Samsung Electronics Co. jumped
after reporting better-than-expected earnings and a newspaper
said billionaire investor Carl Icahn may be planning a hostile
bid. South Korea's Kospi index, the region's best performer in
the past three months, advanced 2.8 percent to a new high.


Read more at Bloomberg Stocks News

U.S. Treasuries Little Changed After Gains in Stocks in U.S., Asia, Europe

(Bloomberg) -- Treasuries were little changed as a
global rally in stocks suggested waning concerns that a slump in
the U.S. subprime mortgage market will spread to the rest of the
economy.

Demand for the safety of government debt declined as Asian
and European benchmark stock indexes followed gains in the U.S.
yesterday. An index of emerging-market bonds compiled by
JPMorgan Chase & Co. yielded 1.64 percentage points more than
Treasuries, narrowing from 1.74 points July 10, showing
investors are seeking higher returns on riskier debt.


Read more at Bloomberg Bonds News

Blackstone partners may avoid tax on IPO gain: NYT

(Reuters) - Congress is currently weighing whether to raise taxes on the profits made by private equity and hedge fund firms, which would more than double the tax rate from 15 to 35 percent.




The Times said Blackstone's tax move hinged on its use of goodwill, an accounting term for the value of the intangible assets built up by a company over time.


Read more at Reuters.com Government Filings News

U.K. Natural Gas Rises on Scarce North Sea Supplies; Power Prices Increase

(Bloomberg) -- U.K. natural gas for delivery next
week rose on scarce supplies of the fuel. Electricity costs
gained as the price of the fuel increased, with weekend prices
at the highest since January.

Gas for delivery a week ahead increased 4.9 percent to
30.15 pence a therm, according to prices on Bloomberg from the
broker ICAP Plc. That's equivalent to $5.95 a million British
thermal units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

Gold Rises as U.S. Dollar's Decline Revives Investor Demand; Silver Gains

(Bloomberg) -- Gold rose, heading for a second
consecutive weekly advance, on signs declines in the dollar have
helped to revive demand for the precious metal as an alternative
investment. Silver advanced.

Investment in the StreetTracks Gold Trust, the biggest
exchange-traded fund backed by bullion, has climbed 4.4 percent
this month, heading for the first monthly gain since April,
figures from the World Gold Council show. Gold has climbed 4.3
percent from a four-month low on June 27 as the dollar has
fallen to a record low against the euro.


Read more at Bloomberg Commodities News