U.S.

Dick Fuld May Be Haunted by Assurances After Report Finds Hidden Leverage Lehman Brothers Holdings Inc.’s Richard Fuld exuded confidence as he briefed analysts on June 16, 2008, four days after demoting his firm’s finance chief in the wake of a $2.8 billion quarterly loss.

Wen Rebuffs U.S. Calls for Higher Yuan, Risking Retaliation From Congress Chinese Premier Wen Jiabao rebuffed calls for the yuan to appreciate, risking a further downturn in relations with the U.S. where lawmakers and economists say his stance is hampering a global recovery.

Record Advance in S&P 500 Index Futures Shows Confidence in U.S. Economy The longest-ever gain in futures linked to the Standard & Poor’s 500 Index shows growing investor confidence in the U.S. economy.

Abbott's TriCor With Statin Pill Doesn't Lower Heart Risks for Diabetics Adding Abbott Laboratories’ cholesterol drug TriCor to an older, cheaper cholesterol pill failed to cut the risk of heart attacks, strokes and cardiac deaths in diabetics, a study found.

Disney's `Alice' Is Top Film for Second Weekend, Followed by `Green Zone' “Alice in Wonderland,” the Lewis Carroll tale re-imagined in 3-D by director Tim Burton, was the top film in the U.S. and Canada for a second straight weekend, bringing in $62 million in ticket sales for Walt Disney Co.

Latin America

Cnooc Buys 50% of Argentina's Bridas for $3.1 Billion to Add Oil Reserves Cnooc Ltd., China’s biggest offshore oil explorer, agreed to buy a 50 percent stake in rival Argentine producer Bridas Corp. for $3.1 billion, adding 318 million barrels of reserves as Chinese fuel demand surges.

Batista's $100 Billion `Richest Man' Dream Advances With OSX Share Offer Eike Batista’s plan to raise $5.6 billion in the biggest initial public offering this year moves him one step closer to fulfilling his ambition of being the world’s richest man.

Pimco Says Chile Peso Not `One-Sided Bet' Investors See After Earthquake Chile’s peso will begin weakening late this year as the country’s worst earthquake in 50 years slows economic growth and record-low interest rates sap demand for fixed-income assets, Pacific Investment Management Co.’s Guillermo Osses said.

Chile May Borrow Abroad, Tap Copper Savings for $30 Billion Reconstruction Chilean President Sebastian Pinera plans to tap copper savings funds and may borrow abroad to pay for the estimated $30 billion cost of repairing damage caused by the 8.8-magnitude earthquake that struck the country Feb. 27.

OGX Finds Hydrocarbons in Section of OGX-6 Well in Brazil's Campos Basin OGX Petroleo e Gas Participacoes SA, the oil company controlled by billionaire Eike Batista, said it discovered hydrocarbons in a section of the OGX-6 well in the BM-C-41 block of Brazil’s Campos basin.

Venezuelan Bonds Rise to Seven-Week High as Debt Sales May Be Scaled Back Venezuela’s benchmark dollar bonds rose to a seven-week high on speculation a rally in crude oil, the country’s biggest export, will prompt the government to pare back debt sales this year.

Exclusive

`Invisible Power' of London Money Exposed as Lord Mayor Fights Politicians When money needs to talk in London, it’s the lord mayor who speaks.

Monsanto May Have Antitrust Edge as Protecting Patents Trumps Competition Monsanto Co., facing antitrust probes into its genetically modified seeds, may benefit from previous court rulings in which intellectual property rights trumped competition concerns, antitrust lawyers say.

BHP, Anglo, Xstrata Bypass Europe on 10,000-Mile Coal Route to China Ports BHP Billiton Plc, Anglo American Plc and Xstrata Plc are shipping coal 10,000 miles to China from their Cerrejon mine in Colombia for the first time this year because of surging demand and rising prices in Asia.

Toyota Sets Goal of Regaining U.S. Market Share Lost to Recalls Within '10 Toyota Motor Corp. set a 2010 goal of regaining most of the U.S. market share lost in the past two months after global recalls of 8 million vehicles damped demand, the No. 2 U.S. sales executive said.

Optimism Makes a Comeback After Year-Long U.S. Stock Surge: Chart of Day Bullishness on U.S. stocks is beginning to emerge after the market’s rally in the past year, according to a gauge derived from data compiled by the American Association of Individual Investors.