Friday, June 8, 2007

`Sopranos' Fans in New Jersey Will Bid Farewell With Bada Bing Baked Ziti

(Bloomberg) -- Tony Soprano would love it. Satin
Dolls, the New Jersey bar where dozens of scenes from HBO's
``The Sopranos'' have been filmed, is setting out a free Italian
buffet with baked ziti for fans who gather Sunday to learn
whether the crime-family boss gets whacked in the final episode.

The nightclub, portrayed as strip joint Bada Bing on the
show, calls its send-off The Last Supper. The Emmy award-winning
drama brought bare breasts and the f-word to millions of
television screens. It's the most-watched series in the history
of cable TV, said Jeff Cusson, a spokesman for Time Warner
Inc.'s HBO. New Jerseyans are mourning its departure.


Read more at Bloomberg Exclusive News

Gold, Silver Head for Weekly Drop; Rising Interest Rates May Curb Demand

(Bloomberg) -- Gold fell in New York, heading for
its fourth weekly decline in five weeks, on speculation that
higher global interest rates will reduce demand for the precious
metal as an alternative investment. Silver also dropped.

Traders now assign a 44 percent chance the U.S. Federal
Reserve will raise rates by 25 basis points by December,
compared with zero percent a month ago, according to options on
Fed funds futures. Gold has fallen 2.7 percent this week after
the Reserve Bank of New Zealand and the European Central Bank
raised rates. Holding gold becomes less attractive when rates
rise because the metal has no fixed returns.


Read more at Bloomberg Commodities News

USDA May Cut Cotton Export Forecast on Weak Demand Near Market Year's End

(Bloomberg) -- The U.S. may export less cotton than
the government forecast a month ago as merchants may not be able
to ship bales sold fast enough before the marketing year ends
July 31, analysts said.

The U.S. Department of Agriculture on June 11 may project
exports of 13.21 million bales for this marketing year, down from
13.25 million forecast in May, according to the average estimate
of nine analysts in a Bloomberg survey. Unsold supplies at the
end of the year may reach 9.65 million bales, up from 9.5 million
projected last month, the analysts said.


Read more at Bloomberg Commodities News

Base metals down on inflation and demand worries

(Reuters) - Base metals prices fell on Friday and prices are seen holding lower levels on fears of inflation and a slowdown in demand from China, analysts said.

"Risk reduction is once again affecting all the markets as concerns rise that interest rates and inflation are picking up," analyst William Adams at BaseMetals.com said in a report.


Read more at Reuters Africa

US STOCKS-Wall St set to extend losses on rate worry

(Reuters) - NEW YORK, June 8 - U.S. stock index futures
signaled a lower market open on Friday as bond yields surged,
worsening fears among equity investors that global inflation
would force borrowing costs higher.




European shares fell to two-month lows, with the
pan-European FTSEurofirst 300 index down 0.8 percent.


Read more at Reuters.com Bonds News

Kellwood 1st-quarter profit higher

(Reuters) - Net income was $7.4 million, or 28 cents per share,
compared with $9.2 million, or 36 cents per share, a year ago.




Read more at Reuters.com Market News

Treasuries Extend Slide, Pushing 10-Year Yields to Highest in Five Years

(Bloomberg) -- U.S. Treasuries dropped, pushing 10-
year yields to the highest since May 2002, on concern
accelerating economic growth and inflation will encourage
central banks to raise interest rates.

The benchmark 10-year note extended declines after slumping
yesterday by the most in more than three years. Debt markets in
the U.S., Europe and Asia have been sliding since New Zealand
unexpectedly raised borrowing costs yesterday, stoking concern
other central banks will follow.


Read more at Bloomberg Bonds News