People's United poised to rise - Barron's

(Reuters) - "Management has underpromised on likely cost saving, and
such stoic reserve improves the odds that future surprises will
be happy ones," the newspaper said.




Read more at Reuters.com Market News

UPDATE 1-Ev3 to buy FoxHollow for $780 million

(Reuters) - NEW YORK, July 22 - Medical device maker Ev3 Inc.
said on Sunday it would buy FoxHollow Technologies
Inc. for about $780 million in cash and stock to
expand its array of products that combat vascular disease.




The combination is expected to generate net sales of up to
$615 million in 2008. Ev3's cash-and-stock offer of $25.92 for
each share of FoxHollow represents a premium of more than 20
percent, based on 30-day average trading price for FoxHollow
shares.


Read more at Reuters.com Bonds News

Apple results eyed for iPhone sales

(Reuters) - The iPhone contributed virtually none of the $637 million Apple is forecast to have earned, but investors are eager for the first official word on how many of the combination phone, Web browser, media player devices were sold at launch.




"Perhaps the most significant catalyst from the report will be feedback regarding initial iPhone demand," Deutsche Bank analyst Chris Whitmore said in a research note. "We believe initial iPhone demand is very robust."


Read more at Reuters.com Business News

Japan Stocks' Four-Year Rally Loses Steam as Shareholder Influence Wanes

(Bloomberg) -- Japan's four-year stock market rally
is beginning to run out of shareholders.

After the longest economic expansion since World War II
sparked a doubling in the Nikkei 225 Stock Average, Japanese
shares barely budged this year. The Nikkei gained 3.6 percent in
dollar terms, the worst performance among the 20 biggest equity
markets.


Read more at Bloomberg Stocks News

Qatar bidder picks ex-Asda man for Sainsbury -papers

(Reuters) - Campbell, 57, spent around 20 years at Asda , most
recently in the role of deputy chief executive until 2001.




The Sunday Times also said Delta Two would try to retain
Sainsbury's current chief executive, Justin King.


Read more at Reuters.com Mergers News

OPEC research head: fair oil price $60-$65 - report

(Reuters) - A fair price for both oil producers and consumers for a barrel of oil would be around $60 to $65 a barrel, a Kuwaiti state oil newsletter quoted the head of OPEC's research division as saying.

"A price of $60 to $65 is appropriate for consumers and producers, because it boosts means of investment in the oil industry in light of growing demand for oil in the coming years," state firm Kuwait Petroleum Corporation's (KOC) monthly newsletter quoted Hasan Qabazard as saying.


Read more at Reuters Africa

Warner Music eyes UK's Chrysalis music arm -papers

(Reuters) - The Financial Mail's unsourced report said the division's
current value was around 90 million pounds but that it could
fetch as much as 180 million.




Chrysalis Group said last month it planned to sell its radio
business for 170 million pounds to a private equity firm,
leaving Chrysalis as a pure music company.


Read more at Reuters.com Mergers News