UPDATE 1-Arcelor Mittal sees robust H2 for flat products

(Reuters) - It also said it would maintain its current pricing structure
for flat products in Europe for the third quarter.




Arcelor Mittal said that despite strong economic growth in
Western Europe and a buoyant steel market in Eastern Europe, it
did not intend to increase prices.


Read more at Reuters.com Mergers News

Blackstone, Hexcel, JMP Group, Sanmina-SCI, Celsion: U.S. Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes in U.S. exchanges
today. This preview includes news that broke after exchanges
closed yesterday. Stock symbols are in parentheses after company
names.

Blackstone Group LP (BX US): The manager of the world's
second-largest buyout fund raised $4.13 billion in the largest
U.S. initial public offering since 2002. Sale of the
133.3 million shares for $31 each gives investors a 12.3 percent
stake in the New York-based firm and values Blackstone at
$33.5 billion.


Read more at Bloomberg Stocks News

CHRONOLOGY-Lone Star sells stake in S.Korea's KEB

(Reuters) - Here is a chronology of events since Lone Star bought a
50.5 percent stake in KEB for $1.2 billion in
August 2003:




- Feb. 28, 2004: KEB absorbs KEB Credit Service Co. Ltd.
Prosecutors will later charge Lone Star of manipulating the
stock price of the card unit to lower the price.


Read more at Reuters.com Mergers News

ADM considering offer for Brazil's Cosan-WSJ

(Reuters) - The company has not ruled out an outright purchase of Cosan
, Brazil's largest sugar and ethanol producer, Mills
told the Journal, without specifying how much ADM is willing to
invest. The company could use Brazil as a production base for
exports to the United States, according to the Journal.




An ADM spokesman in Decatur, Illinois was not immediately
available to comment.


Read more at Reuters.com Mergers News

UPDATE 2-US Senate drops tax package, boosts auto fuel rules

(Reuters) - WASHINGTON, June 21 - The U.S. Senate passed an
energy bill on Thursday that would raise the country's
automobile fuel efficiency standards for the first time in 30
years.




But the Senate dropped $32 billion in clean-energy
incentives after Republicans objected to about $29 billion in
extra taxes on big U.S. oil companies.


Read more at Reuters.com Bonds News

South Korean Equities Slide; Korea Exchange Bank Declines on Share Sale

(Bloomberg) -- South Korean stocks fell. Korea
Exchange Bank dropped the most in four months after controlling
shareholder Lone Star Funds sold a 13.6 percent stake, raising
concern the value of mergers and acquisitions involving the
lender will shrink.

Kookmin Bank, which had planned to buy Korea Exchange before
Lone Star shelved the deal last year, also slid.


Read more at Bloomberg Stocks News

Altria's Unit in Indonesia to Market Clove-Flavored Marlboro, People Say

(Bloomberg) -- PT H.M. Sampoerna, the Indonesian
unit of the world's largest tobacco company, will begin selling
clove-flavored cigarettes under the Marlboro brand name, two
people with knowledge of the plan said.

The subsidiary of Altria Group Inc. will start selling
filtered Marlboro Mix 9 from July 9, its first new brand in 18
years, said the people, who declined to be identified before an
announcement next week. Clove-flavored cigarettes, known as
kretek, dominate the market in the Southeast Asian nation, the
world's fifth-largest tobacco market.


Read more at Bloomberg Emerging Markets News