Gold Rises in Asia as Decline on Concern About U.S. Economy Seen Overdone

(Bloomberg) -- Gold rose in Asia as some investors
bet the biggest decline in about 11 weeks yesterday, prompted by
losses in U.S. stocks, was overdone. Silver also gained.

Gold yesterday dropped the most since May 10 as a slump in
U.S. equities raised the prospect of sales of the precious metal
to cover stock market losses. The Dow Jones Industrial Average
and Standard & Poor's 500 Index had the biggest decline since
February. Brokers can make so-called margin calls on clients if
they need additional funds to guarantee contract obligations.


Read more at Bloomberg Commodities News

Market Rout May Force Fed to Shift Focus From Inflation to Economic Growth

(Bloomberg) -- The week's turmoil in financial
markets casts doubt on the Federal Reserve's forecast of a
gradual U.S. economic recovery in the second half, raising the
odds it will need to shift its focus to spurring growth from
fighting inflation.

The turbulence, as stocks suffered their worst drop in five
months while corporate borrowing costs soared, threatens a
triple whammy for the economy. It robs investors of spending
power, makes business investment more expensive and may prolong
the housing recession.


Read more at Bloomberg Currencies News

Indonesian Rubber Production to Be Flat on Rains, Industry Official Says

(Bloomberg) -- Indonesia, the world's second-
largest natural rubber grower, won't increase production this
year because of wet weather, missing a government forecast for
an expansion of 5 percent, an official said.

``Because of the changing weather, 5 percent increase is
now impossible,'' Suharto Honggokusumo, executive director of
the Rubber Association of Indonesia, said by phone. ``April to
September are dry months when we can tap the trees. Due to rain,
the tapping frequency has been reduced. Output will be flat.''


Read more at Bloomberg Commodities News

Tokyo Electric to Pay Nippon Oil Record Price for July-September Fuel Oil

(Bloomberg) -- Tokyo Electric Power Co., Oji Paper
Co. and other Japanese fuel oil users will pay Nippon Oil Corp.
record prices in the July to September period.

Prices of low-sulfur fuel oil sold to Tokyo Electric and
high-sulfur fuel oil supplied to Oji Paper will rise 14 percent
in the fiscal second quarter, according to a notice sent by
Nippon Oil to customers late yesterday. The prices are
preliminary and may be revised to adjust for changes in
production costs.


Read more at Bloomberg Energy News

Yen surges as market turbulence stokes risk aversion

(Reuters) - The Nikkei share average slid 2.5 percent, tracking a big slide on Wall Street on Thursday as a sharp widening in credit spreads stoked fears that problems in the subprime mortgage market are spreading and could hurt the economy.




"The situation is no longer like that you are OK as long as you are selling the yen," said Shuichi Kanehira, senior vice president of Mizuho Corporate Bank.


Read more at Reuters.com Hot Stocks News

SMIC sees Q3 revenue up 2 to 5 pct from Q2

(Reuters) - Loss per share for the quarter came to less than 1 cent
compared with a profit of less than 1 cent a year before. The
2006 quarter benefited from an $18.9 million tax credit, which
dropped to $1.6 million in the second quarter of this year.




Revenue grew 3.7 percent to $374.8 million.


Read more at Reuters.com Market News

FDA probing death in gene therapy trial

(Reuters) - The gene therapy trial by Targeted Genetics Corp. was placed on hold before the death, after the patient suffered a serious, unidentified health problem.




The hold means that no one else can receive the treatment, called tgAAC94, and no new patients can be enrolled in the study, the Food and Drug Administration said.


Read more at Reuters.com Government Filings News

Ceridian urges shareholders to accept buyout

(Reuters) - Ceridian said it would consider any superior economic proposal that Pershing Square may wish to make, but that the hedge fund had failed to date to present any such offer.




Pershing Square said on Tuesday it planned to replace all seven Ceridian board members at the annual meeting scheduled for September 12. It was an unusual step as activist hedge fund investors typically try to win one or two board seats to gain influence.


Read more at Reuters.com Mergers News

Italian Shopkeepers Blame UniCredit, Italease for Losses on Derivatives

(Bloomberg) -- Piera Levo and her husband, who run a
15-employee plumbing supply company in northeastern Italy, bought
``insurance'' against interest rate increases from UniCredit SpA
in 2000.

Six years later, they paid 85,000 euros ($117,000) to
extricate themselves from a derivative known as an interest-rate
swap that is normally sold to large companies and fund managers.
Derivatives are contracts whose value is based on that of another
security, index or commodity, or linked to events such as changes
in interest rates.


Read more at Bloomberg Bonds News

U.S. Treasury: cannot support Senate currency bill

(Reuters) - "We particularly respect the efforts and intent of the Senate Finance Committee, however, do not believe the approaches taken in the bill reported today would strengthen the hand of the United States in achieving essential economic reform," the Treasury said. "It distances the U.S. from a multilateral approach and raises serious concerns regarding U.S. compliance with international rules governing anti-dumping investigations."




Read more at Reuters.com Bonds News

Standard Pacific posts quarterly loss

(Reuters) - Excluding one-time impairment charges, the company said it
earned 35 cents a share.




Revenue fell 31 percent to $694.8 million from $1 billion
in the year-ago period.



Read more at Reuters.com Bonds News

Oil Trades Little Changed After Falling From 11-Month High on U.S. Growth

(Bloomberg) -- Crude oil was little changed in New
York after falling from an 11-month high yesterday as investors
reduced positions on speculation a report today may show the U.S.
economy expanded less than forecast in the second quarter.

U.S. equity markets dropped the most in four months
yesterday after reports showed orders for U.S.-made durable goods
unexpectedly fell for a second month and house sales
declined more than forecast. Oil prices slumped as much as $2.64
a barrel after earlier reaching the highest price since Aug. 9.


Read more at Bloomberg Energy News

KLA-Tencor profit up on demand from memory chips

(Reuters) - Revenue rose to $736.4 million from $579.0 million.




Read more at Reuters.com Market News

UPDATE 1-Allegheny Energy 2nd-qtr earnings jump

(Reuters) - Analysts, on average, had expected earnings of 30 cents per
share.




The year-ago quarter included $10.4 million in charges.


Read more at Reuters.com Market News

UPDATE 1-VeriSign Q2 revenues shy of consensus, shares fall

(Reuters) - Profit excluding a tax gain in the year-earlier quarter and
aided by recent cost cutting came in as expected. But revenue
was $368 million, slightly below analysts' consensus of $369.4
million, according to Reuters Estimates. Forecasts had ranged
from $362.9 million to $376.6 million.




VeriSign shares closed off 67 cents, or 2.1 percent, at
$30.79 in regular session trading, hit by sell-off in U.S.
stock markets in which the Dow Jones Industrials Average lost
311.50 points to close at 13,473. In extended trading, the
stock continued to dip, falling 8.9 percent to $28.02.


Read more at Reuters.com Market News

Eastman Chemical second-quarter profits fall

(Reuters) - Excluding items, the company posted quarterly earnings of
$1.34 a share, down from $1.40 a share, in the year-ago
period.







Read more at Reuters.com Market News

UPDATE 2-Western Digital net rises on tax benefit

(Reuters) - Fourth-quarter net income advanced to $233 million, or
$1.03 per share, from $119.9 million, or 53 cents per share, a
year earlier. Revenue rose to $1.37 billion from $1.09
billion.




Shares of Western Digital, based in Lake Forest,
California, rose 2 percent in after-hours after closing down
1.1 percent at $22.53 in regular-session trading on the New
York Stock Exchange. The earnings were released after the close
of regular trading.


Read more at Reuters.com Market News

UPDATE 1-Roper Industries posts higher quarterly profit

(Reuters) - Net earnings for the quarter were $61.2 million, or 66
cents a share, compared with $48.1 million, or 53 cents a
share, a year ago.




Second-quarter net sales rose to $530.6 million from $425.3
million a year ago.


Read more at Reuters.com Market News

UPDATE 2-KLA-Tencor profit up on demand from memory chips

(Reuters) - KLA said net income for its fourth fiscal quarter rose 12
percent to $147.3 million, or 75 cents per share, from $131.7
million, or 65 cents per share, a year ago.




Revenue rose 27 percent to $736.4 million.


Read more at Reuters.com Market News

Asian Stocks Slump in U.S., Led by Taiwan Semiconductor, Toyota, Canon

(Bloomberg) -- Asian stocks sank in U.S. trading as
disappointing earnings and concern about a worsening U.S. housing
slump drove investors to seek safer assets. Taiwan Semiconductor
Manufacturing Co. slipped after reporting a drop in profit.

The Bank of New York Co.'s Asia ADR Index, tracking the
region's American depositary receipts, tumbled 3.5 percent to
166.14, the biggest decline since Feb. 27.


Read more at Bloomberg Stocks News

Niger bars local head of French uranium firm Areva

(Reuters) - The Interior Ministry declared Dominique Pin persona non grata on Tuesday while Pin was out of the West African country, sources at the Interior and Mines ministries told Reuters in Niger's capital Niamey.




The Niger Movement for Justice , led by light-skinned Tuareg nomads, has killed at least 36 soldiers and captured dozens more since it launched a rebellion in February demanding greater autonomy for the Saharan region where the majority of Niger's uranium is mined.


Read more at Reuters.com Business News

EU says issues charges against Intel

(Reuters) - The Commission, the European Union's top antitrust regulator, has spent years investigating Intel's tactics to determine whether it acted unfairly to preserve its dominance over AMD .




"I can confirm the statement of objections has been sent," said Ton Van Lierop, a spokesman for the European Commission. Intel had no immediate comment.


Read more at Reuters.com Business News

WRAPUP 1-Latam stocks, currencies fall in emerging markets slide

(Reuters) - Brazil's real fell 1.45 percent to 1.894 to the
dollar and its Bovespa stock market index plunged 3.8 percent
to 53,864 points.




The Mexican peso weakened 0.74 percent to
10.95 to the dollar, and the Mexican stock market fell 2
percent at 30,482 points.


Read more at Reuters.com Bonds News

TREASURIES-Bonds surge as credit fears sweep through markets

(Reuters) - NEW YORK, July 26 - U.S. Treasuries rallied on
Thursday, pushing benchmark yields to two-month lows, as weak
economic data and fears of a global credit crunch sent
investors scurrying out of stocks and other risky assets.




A sharp fall in new-home sales and an unexpected slide in
business investment data spurred an already strong Treasury
market, as overall durable goods orders rose less than expected
in June. For details see [ID:nN26366824].


Read more at Reuters.com Bonds News

UPDATE 2-WCI shares plunge over 20 pct after no bid arrives

(Reuters) - Billionaire financier Carl Icahn had previously bid $22 a
share for the company, whose stock is now trading at less than
half that amount. WCI rejected Icahn's offer, saying in May it
believed that it could receive a richer bid.




"That $22 per share bid looks awfully good now," said
Morningstar analyst Eric Landry, adding that conditions for
home builders have deteriorated since WCI rebuffed Icahn.
"There is a glut of condos that has gotten worse, and investors
are more focused on it."


Read more at Reuters.com Bonds News

UPDATE 1-Edwards proposes repeal of some Bush tax cuts

(Reuters) - WASHINGTON, July 26 - Democrat John Edwards said
on Thursday if elected president he will try to rewrite the
U.S. tax code, repealing tax breaks for wealthier Americans and
funneling some of the money to low-income families.




"It's time for us to put our economy back in line with our
values," Edwards said in a speech in Des Moines, Iowa.


Read more at Reuters.com Bonds News

S.Africa stocks hit 4-week low amid global sell-off

(Reuters) - South African stocks slid to an almost four-week closing low on Thursday as softer metal prices hit mining stocks and global jitters about the U.S. housing market and high oil prices hurt broader sentiment.

The Johannesburg Top-40 index of blue-chip stocks fell 1.85 percent to 25,844.39 points -- its lowest closing level since June 29. The Johannesburg All-share index slid 1.78 percent to 28,585.84 points.


Read more at Reuters Africa

Outgoing AstraZeneca CFO fully backs MedImmune buy

(Reuters) - A number of analysts and investors have criticised the
acquisition, arguing AstraZeneca over-paid.




Read more at Reuters.com Mergers News

EU Commission clears Superior Essex to buy Invex

(Reuters) - The European Commission said in its approval that "a number
of effective competitors, which have sufficient spare capacity,
would remain in the market and would continue to be able to
constrain the behaviour of the merged entity".




Superior Essex makes wire and cable used for communications
and magnet wire. It supplies copper and fibre optic
communications wire and cable products to telephone companies,
and its products are also used in transformers and generators.


Read more at Reuters.com Mergers News

Coffee Rises in New York on Forecast for Below-Normal Brazil Temperatures

(Bloomberg) -- Coffee rose in New York as forecasts
for colder-than-normal weather spurred concern that a crop-
damaging frost may develop in Brazil, the world's largest
producer.

Temperatures probably will be below normal through July 29,
said Meteorlogix LLC in Woburn, Massachusetts. A ridge of high
pressure over southern Parana state has brought the coolest
weather of the winter season so far, the private forecaster
said. No damaging cold is expected.


Read more at Bloomberg Commodities News

Black & Decker profit down but beats view

(Reuters) - Net income in the second quarter fell to $118 million, or $1.75 a share, compared with $152.2 million, or $1.98 a share, in the year-earlier quarter.




Analysts on average had expected the Towson, Maryland-based maker of DeWalt drills and Kwikset locks to earn $1.73 a share, according to Reuters Estimates.


Read more at Reuters.com Business News

Transocean, GlobalSantaFe break new deal ground

(Reuters) - Transocean and GlobalSantaFe, two of the largest oil drillers, agreed on Monday to a near $18 billion deal in which their shareholders will both receive a cash payment at the time of the deal in addition to stock in the new company.




To do that, the companies combined a $15 billion leveraged recapitalization backed by a bridge loan with a stock-for-stock swap that gives no premium to shareholders -- a new deal structure that will likely turn up again, M&A experts said.


Read more at Reuters.com Business News

June newspaper help-wanted ads dip to 49-yr low

(Reuters) - "There are signs that job advertising volume is edging a little lower, with very slight decreases in each of the past two months," said Ken Goldstein, labor economist at the Conference Board, in a statement.




"Business caution about near-term prospects for the economy, and perhaps for their own businesses, may lead to a little less hiring this autumn. Plus, the online business is mature enough in that this is where help wanted ads originate and may never appear in newspapers."


Read more at Reuters.com Economic News

U.S. Stocks Plunge on Credit Concerns; Exxon, Homebuilders, Banks Retreat

(Bloomberg) -- U.S. stocks tumbled after Exxon
Mobil Corp. reported earnings that missed analysts' estimates
and higher financing costs threatened to spur debt defaults and
slow takeovers.

Exxon Mobil, the world's biggest company by market value,
declined after it said production decreased, while homebuilders
D.R. Horton Inc. and Beazer Homes USA Inc. retreated after
reporting losses. Shares of Citigroup Inc., Bank of America
Corp. and JPMorgan Chase & Co., the three largest U.S. banks,
fell.


Read more at Bloomberg Stocks News

Exxon Mobil Profit Declines, Missing Estimates, as Oil Output, Prices Drop

(Bloomberg) -- Exxon Mobil Corp., the world's
biggest oil company, reported its first profit decline in more
than three years after production and crude prices fell.

Second-quarter net income dropped to $10.3 billion from
$10.4 billion, the Irving, Texas-based company said today in a
statement. Per-share profit, which rose to $1.83 from $1.72 as
buybacks reduced the amount of stock outstanding, was 13 cents
below the average of 17 analyst estimates compiled by Bloomberg.


Read more at Bloomberg Energy News

TREASURIES-2Y Treasury yield lowest since early May

(Reuters) - The 30-year bond's price briefly rose 32/32 or
a full point, as the Treasury market's rally extended.




Read more at Reuters.com Bonds News

UPDATE 1-LKQ quarterly profit rises, raises '07 view

(Reuters) - The company also raised its full-year outlook slightly.




Net income for the latest second-quarter rose 20.2 peercent
to $14.0 million, or 25 cents a share, from $11.7 million, or
21 cents a share in the year-ago period. Earnings were hurt by
1 cent a share due to a write-off of certain deferred tax
assets.


Read more at Reuters.com Market News

Hanesbrands 2nd-qtr profit falls

(Reuters) - The maker of the Wonderbra and Champion T-shirts said net profit in the second quarter was $25.4 million, or 26 cents per share, compared with $59.3 million, or 62 cents per share, in the year-earlier period, before the spinoff.






Read more at Reuters.com Market News

UPDATE 1-AmerisourceBergen quarterly earnings rise

(Reuters) - CHICAGO, July 26 - AmerisourceBergen Corp. said on Thursday quarterly earnings rose 9 percent as gains in its drug distribution business offset weakness in its long-term care institutional pharmacy operations.



Fiscal third-quarter net income was $130 million, or 69 cents per share, up from $119 million, or 58 cents per share, a year earlier, the Valley Forge, Pennsylvania-based drug wholesaler and pharmacy services provider said. Excluding one-time items, AmerisourceBergen earned 60 cents a share. On that basis, analysts on average had forecast 62 cents a share, according to Reuters Estimates.


Read more at Reuters.com Market News

Harsco posts higher quarterly profit

(Reuters) - Net income in the second quarter rose to $83.1 million, or 98 cents a share, from $53.9 million, or 64 cents a share, in the year-earlier quarter.



Income from continuing operations was 91 cents a share. Analysts were expecting 78 cents a share, according to Reuters Estimates.


Read more at Reuters.com Market News

UPDATE 1-ICE 2nd-qtr profit rises on futures volume growth

(Reuters) - ICE, an electronic energy market and soft commodity
exchange, reported second-quarter net income of $53.7 million,
or 75 cents per share, compared with $31 million, or 52 cents
per share, a year earlier.




The results include $7 million in after-tax costs related
to ICE's failed merger proposal for the Chicago Board of Trade.
ICE was engaged until recently in a bidding war with the
Chicago Mercantile Exchange to acquire CBOT.


Read more at Reuters.com Market News

MBIA Profit Drops on Loss From Bear Stearns Hedge Fund, Sliding CDO Values

(Bloomberg) -- MBIA Inc., the world's biggest bond
insurer, reported a 4.3 percent decline in second-quarter profit
after losing $9.6 million from an investment in a failed hedge
funds run by Bear Stearns Cos.

Net income was $211.8 million, or $1.61 a share, compared
with $221.4 million, or $1.62, a year earlier, the Armonk, New
York-based company said today in a statement. Excluding
investment income, profit was $1.57 a share, beating the $1.52
average analyst estimate compiled by Bloomberg.


Read more at Bloomberg Bonds News

US STOCKS-Futures point lower on oil, housing jitters

(Reuters) - Shares of Apple, the maker of the iPod and the iPhone, rose
7.7 percent to a record $147.90 in electronic trading before
the opening bell.




The jump in U.S. crude oil of 1 percent to $76.75 a barrel
revived concern about the toll energy prices could take on
personal spending as consumers grapple with a stalled housing
market.


Read more at Reuters.com Bonds News

White Sugar Gains in London; Higher Oil Increases Alternative Fuel Demand

(Bloomberg) -- White sugar gained in London as
higher oil prices increased speculation that demand for
alternative fuels such as ethanol may expand.

Crude oil has gained 4.6 percent in two days in New York.
White sugar reached a record in London in May last year as
investors bought the commodity on speculation top producer Brazil
would divert more of its sugar cane harvest to ethanol production
amid record energy prices.


Read more at Bloomberg Commodities News

DealTalk: India's Tata, Mahindra may bid for Jaguar, Rover

(Reuters) - Tata Motors , India's top vehicle maker, and local foe Mahindra & Mahindra Ltd. are expected to launch rival bids for the two famous brands, which are expected to fetch roughly $1.5 billion, several media reports have said.




Both declined comment on reports that they are in talks with investment banks and private equity firms to craft bids. A successful deal would catapult the winner into the ranks of global car makers and continue a spate of high-profile overseas acquisitions by Indian companies.


Read more at Reuters.com Mergers News

Potash Corp. profit jumps 63 pct, raises outlook

(Reuters) - The world's largest fertilizer producer by capacity said it
earned $285.7 million, or 88 cents a share, for the quarter
ended June 30, up from $175.1 million, or 55 cents per share, a
year earlier.




Analysts were expecting an average of 82 cents a share
according to Reuters Estimates.


Read more at Reuters.com Market News

Aetna posts higher quarterly profit

(Reuters) - Excluding items, operating earnings were 83 cents per
share.




Aetna is the third major health insurer to report earnings
this quarter. Rivals UnitedHealth Group Inc. and
WellPoint Inc. posted higher second-quarter profits,
but failed to excite investors with their results.


Read more at Reuters.com Market News

Copper Rises in Shanghai on Speculation China Imports, Stockpiles to Drop

(Bloomberg) -- Copper in Shanghai rose, reversing
earlier losses, on speculation that China's imports will fall in
July for the fourth straight month, reducing local stockpiles of
the metal for a second week.

Refined copper and alloy imports fell 6.9 percent in June to
113,074 metric tons. Still, the world's biggest consumer of the
metal imported more in the first six months than in the whole of
2006, and Shanghai Futures Exchange stockpiles almost tripled
since the start of the year after a six-month decline.


Read more at Bloomberg Commodities News

UPDATE 2-India's Bharti Q1 profit doubles, beats f'cast

(Reuters) - NEW DELHI, July 26 - Bharti Airtel Ltd.
, India's top mobile services firm, said on Thursday
its quarterly net profit doubled, beating forecasts, as its
user base surged in the world's fastest growing mobile market.




Its shares, which had climbed 10 percent in the previous
six sessions, fell 3 percent as investors booked profits.


Read more at Reuters.com Market News

Jim Rogers cautiously bullish on China stocks

(Reuters) - Rogers, in a presentation at a conference, also reiterated his view to dump dollars and bonds and stay bullish on commodities, such as oil and aluminum. Gold was still going strong, but copper prices look stretched, he added.




A prominent China bull, Rogers said investors should be cautious after China's benchmark Shanghai composite index quadrupled over the past two years.


Read more at Reuters.com Business News

FTSE 100 Falls, Paced by Legal & General, Home Retail Shares; Shell Climbs

(Bloomberg) -- U.K. stocks dropped, paced by
insurers after Legal & General Group Plc said flood claims and a
slowdown in Britain's home market held back first-half profit.

Home Retail Group Plc led retailers lower after Citigroup
Inc. downgraded the shares. BT Group Plc retreated. Royal Dutch
Shell Plc limited declines after the company reported earnings
that surpassed analysts' estimates and the price of crude oil
jumped in New York.


Read more at Bloomberg Stocks News

Asian Low-Sulfur Fuel Oil Premiums Double After Japan Quake Shuts Reactors

(Bloomberg) -- Asian low-sulfur fuel oil premiums
have doubled on speculation Japanese utilities may increase
purchases after Tokyo Electric Power Co. shut its largest nuclear
reactor following an earthquake.

The premium, or the differential, to benchmark prices for
fuel oil including low-sulfur waxy residue, or LSWR, delivered to
Japan has risen to $10 a barrel, traders said, from $5 before the
magnitude 6.8 earthquake struck Niigata prefecture on July 16.


Read more at Bloomberg Energy News

UPDATE 1-Option Q2 net below forecasts, repeats outlook

(Reuters) - Revenue came in at 82.1 million euros, little changed
year-on-year and up 18.8 percent quarter-on-quarter, in line
with reduced revenue guidance earlier this month.




Option said on July 5 that second-quarter revenue would be
in the range of 80 to 82 million euros with a margin similar to
the 12 percent of the first quarter.


Read more at Reuters.com Market News

U.K. Stocks Erase Gains; Legal & General, Home Retail, BT Group Decline

(Bloomberg) -- U.K. stocks erased gains as shares of
Legal & General Group Plc, Home Retail Group Plc and BT Group Plc
declined.

The benchmark FTSE 100 Index lost 9.8, or 0.2 percent, to
6444.5 at 8:19 a.m. in London. The measure earlier rose as much
as 0.3 percent. The FTSE All-Share Index was little changed at
3331.54. Ireland's ISEQ Index lost 8.34 to 9712.68.


Read more at Bloomberg Stocks News

Spain says lifts gas sale limit on Sonatrach

(Reuters) - Spain said on Wednesday it would double the amount of gas Algeria's Sonatrach could sell in the country and had dropped conditions on Sonatrach owning a bigger share of a pipeline spanning the Mediterranean.

In March, Sonatrach won the right to sell up to 1 billion cubic metres (bcm) of gas annually in Spain from this year.


Read more at Reuters Africa

Canon quarterly profit up, lowers full-year outlook

(Reuters) - Besides strong demand for its compact and high-end digital
cameras, Canon's quarterly performance was driven by brisk sales
of printers and copiers as well as a softer yen, which boosts its
overseas earnings when converted into the Japanese currency.




For the full business year to December, Canon lowered its
operating profit forecast by 3 percent to 766 billion yen, short
of a consensus of 811.7 billion yen in a poll of 20 analysts by
Reuters Estimates.


Read more at Reuters.com Market News