Wednesday, July 25, 2007

Autoliv, Kemira, Metso, Scania, Skanska, Stora, UPM: Nordic Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in the Nordic markets. Symbols follow company names and prices
are from the last close.

The Dow Jones Nordic 30 Index lost 118.3, or 1.3 percent, to
9030.56 in Stockholm as 22 stocks fell, six rose and two were
unchanged.


Read more at Bloomberg Stocks News

UPDATE 1-Denso, other Toyota suppliers lift H1 forecasts

(Reuters) - TOKYO, July 26 - Top Japanese auto parts maker
Denso Corp. posted a 15 percent jump in quarterly profit
as top shareholder Toyota Motor Corp. and other domestic
carmakers boosted production overseas, and it lifted its
half-year forecasts partly on the back of a weaker yen.




Other core suppliers of the Toyota group including
Aisin Seiki Co. also raised their forecasts as Toyota
expands rapidly overseas, while a rise in dividends received also
helped at Japan's top maker of transmissions.


Read more at Reuters.com Market News

UPDATE 3-Stelco posts 2nd-qtr loss but sees profit ahead

(Reuters) - TORONTO, July 25 - Stelco Inc. reported
a second-quarter loss on Wednesday due to asset impairment
charges of C$38 million and other one-time
items, but its stock rose as revenue beat expectations and the
company saw profits ahead.




The steelmaker, which is on the auction block, said it lost
C$41 million in the second quarter, compared with a loss of
C$39 million in the first quarter. The company did not provide
a per-share figure.


Read more at Reuters.com Market News

UPDATE 1-STATS ChipPAC quarterly profit falls

(Reuters) - The Singapore-based company posted a second-quarter net
profit of $7.4 million, or 4 cents per diluted American
Depositary Share , compared with a net profit of $18
million, or 9 cents per share, in the year-earlier quarter.




Revenue fell 12 percent to $370.2 million.


Read more at Reuters.com Market News

AAA CDO, Subprime-Bond Credit Rating `Sins' Not Same, Bear Stearns Says

(Bloomberg) -- Investors fleeing even top-rated
subprime-mortgage securities are wrong to worry they may
default, according to a Bear Stearns Cos. analyst.

Even if they're right to feel ratings firms mistakenly
provided AAA assessments to some bonds from collateralized debt
obligations that will lose principal, the mortgage-bond CDO
securities are ``more fragile'' than the AAA pieces of subprime-
mortgage deals, Gyan Sinha wrote in a report yesterday. The
securities also have more ``cushion'' against likely losses than
AAA bonds backed by home equity loans, he said.


Read more at Bloomberg Bonds News

Sunrise weighs sale of senior-living chain

(Reuters) - CHICAGO, July 25 - Sunrise Senior Living Inc , the biggest U.S. owner of assisted living facilities for seniors, said on Wednesday its board is weighing strategic alternatives, including a possible sale of the troubled chain.



Sunrise, which has been under investigation by U.S. regulators and is in the midst of restating its earnings for 2003 to 2005, said its committee of nonmanagement directors has chosen Citigroup Global Markets as a financial adviser.


Read more at Reuters.com Mergers News

Anheuser-Busch 2nd-qtr profit rises, matches view

(Reuters) - The No. 1 U.S. brewer also raised its quarterly dividend.




Anheuser, which has sought to diversify through deals with InBev, Modelo , energy drink maker Hansen Natural Corp. and Grolsch , said net income rose 6 percent to $677 million, or 88 cents per share, from $638 million, or 82 cents per share, a year earlier.


Read more at Reuters.com Business News