Top music companies show interest in Univision unit

(Reuters) - The Spanish-language broadcaster is trying to trim debt
since its $12.3 billion buyout by private investors in March,
one source said.




Meetings between management and some suitors are also set
to begin this week, according to a second source. The unit
could fetch as much as $400 million, according to the Financial
Times.


Read more at Reuters.com Mergers News

UPDATE 1-Pitney Bowes posts profit, US equipment sales rise

(Reuters) - The company, whose mailing meters are a fixture in
corporate offices, said second-quarter net income was $152.2
million, or 68 cents a share, compared with a net loss of
$356.1 million, or $1.59 per share, a year earlier.




Excluding accounting changes and charges, adjusted earnings
from continuing operations rose to 71 cents a share from
earnings of 64 cents a share in the period a year ago.


Read more at Reuters.com Market News

UPDATE 2-Cedar Fair denies story about takeover talks

(Reuters) - "We have never at any point in time been contacted by the New York Post for a comment for this article," Cedar Fair spokeswoman Stacy Frole said.




A spokesman for the paper said it was standing by the story.


Read more at Reuters.com Mergers News

Yen May Extend Decline Against Euro, Dollar as Stock Rally Encourages Risk

(Bloomberg) -- The yen may extend its decline
against the euro and dollar as a rebound in U.S. stocks might
restore investors' confidence to buy higher-yielding assets
funded by loans in Japan.

The Japanese currency dropped yesterday as rising U.S.
equities encouraged investors to resume the so-called carry
trade. Japan's yen has gained against all 16 major currencies
tracked by Bloomberg this month amid concern over subprime losses
and credit risks.


Read more at Bloomberg Currencies News

US STOCKS-Profit optimism, financials fuel Wall St's rebound

(Reuters) - NEW YORK, July 30 - U.S. stocks rebounded on
Monday after a global equity sell-off last week, as optimism
about earnings resurfaced and concern about credit conditions
eased.




Financial shares, which have borne the brunt of fallout
from tightening credit markets, bounced back in part after
ratings agency Standard & Poor's upgraded Morgan Stanley's
debt.


Read more at Reuters.com Bonds News

Profit optimism, financials fuel Wall St.'s rebound

(Reuters) - Financial shares, which have borne the brunt of fallout from tightening credit markets, bounced back in part after ratings agency Standard & Poor's upgraded Morgan Stanley's debt.




Sentiment about the sector also improved after the bailout of a hedge fund steeped in subprime mortgage market losses and a home lending unit of GMAC reported narrowing losses. General Motors Corp. shares rose 4.9 percent, boosting the Dow.


Read more at Reuters.com Business News

Asian Stocks Rebound From Rout in U.S. Trading; HSBC Climbs on Earnings

(Bloomberg) -- Asian stocks trading in the U.S.
rebounded from their biggest weekly drop in more than four months
after HSBC Holdings Plc and PT Telekomunikasi Indonesia reported
higher earnings.

The Bank of New York Co.'s Asia ADR Index, tracking the
region's American depositary receipts, rose 1.9 percent, the most
since May 11, to 167.96. The measure last week declined 3.8
percent, the most since the period ended March 2.


Read more at Bloomberg Stocks News