Hormel posts slight rise in quarterly profit

(Reuters) - Analysts, on average, were expecting earnings of 51 cents
per share, according to Reuters Estimates.




Read more at Reuters.com Market News

Russian Stocks Have Largest 2-Day Drop Since March: World's Biggest Mover

(Bloomberg) -- Russian stocks fell, putting the
Micex Index on course for its biggest two-day decline in more
than 2 1/2 months. Evraz Group SA slid following a deadly blast
at one of the steelmaker's Siberian coal mines.

OAO Unified Energy System and OAO Sberbank also dropped.


Read more at Bloomberg Emerging Markets News

Global economy on a roll, but inflation lurks: OECD

(Reuters) - Unemployment is falling and central banks need to remain on guard as inflation risks mount due to increases in the cost of food, commodities and shipping, the Paris-based OECD said in a twice-yearly report on international economic prospects.




"The current economic situation is in many ways better than what we have experienced in years," chief economic Jean-Philippe Cotis said.


Read more at Reuters.com Business News

Helicos Biosciences amends IPO filing, sees offer price $9/shr

(Reuters) - UBS Investment Bank, JPMorgan, Leerink Swann & Co. and
Pacific Growth Equities LLC are underwriting the offering.





Read more at Reuters.com Bonds News

Platinum Drops in London as Dollar Gains May Slow Demand; Palladium Drops

(Bloomberg) -- Platinum fell in London on speculation
that declines in the euro against the dollar may curb demand from
European manufacturers for the dollar-denominated metal.
Palladium also dropped.

Europe was the fastest-growing market for platinum last
year, paced by a 10 percent rise in demand from manufacturers of
car catalysts to reduce pollution, a report last week by London-
based manufacturer Johnson Matthey Plc showed. The euro fell 0.1
percent against the dollar today, adding to its 1.5 percent
decline this month.


Read more at Bloomberg Commodities News

European Stocks Fall on China Concern; BHP Billiton, Arcelor Shares Slip

(Bloomberg) -- European stocks declined for the first
time in three days after former Federal Reserve Chairman Alan
Greenspan said shares in China, the world's fastest growing major
economy, could face a ``dramatic contraction.''

BHP Billiton Ltd. and Arcelor Mittal paced a drop by
companies most affected by slowing demand from China. Volvo AB
fell after saying vehicle sales slid. GlaxoSmithKline Plc
decreased for a fourth day after a study linked its Avandia
diabetes drug to an increased risk of heart attacks.


Read more at Bloomberg Stocks News

North Sea Brent Crude Oil Extends Gains on Reduced June Cargo Availability

(Bloomberg) -- North Sea dated Brent crude extended
gains because of reduced cargo availability in June.

So-called dated Brent for loading within 15 days rose to a
premium of 50 cents above cargoes for loading in July. That
works out at $71.67 a barrel compared with $71.05 last night,
according to Bloomberg calculations from PVM data.


Read more at Bloomberg Energy News