Australia's S&P/ASX 200 Gains; Woodside Petroleum Climbs on Report of Bid

(Bloomberg) -- Australia's S&P/ASX 200 Index reversed
an earlier decline. Woodside Petroleum Ltd. rose on a report its 34
percent shareholder Royal Dutch Shell Plc may bid for the company.

U.S.-linked building companies fell, led by James Hardie
Industries NV, after a report showed confidence in the U.S.
homebuilding industry dropped this month to the lowest in 16 years.


Read more at Bloomberg Stocks News