What's In The News: June 28, 2010

Total SA (TOT) has discontinued the sale of refined products to Iran as new U.S. sanctions target Iran's gasoline imports, the Wall Street Journal reports...The massive Gulf of Mexico oil spill "offers lessons," but Royal Dutch Shell (RDS.A) says deepwater drilling must continue due to rising demand, the Associated Press reports. CEO Peter Voser says, "Given the rise in the population and rise in developing world of energy needs, we will have to develop those resources in deep waters."...Over 60,000 trucks could be recalled by Volvo Trucks North America (VOLVY) due to potential steering problems, the Daily Telegraph reports...A study presented to the American Diabetes Association scientific sessions in Orlando finds that diabetes medicines Januvia (MRK) and Byetta (LLY, AMLN) pose no additional risk for cases of inflamed pancreas compared with other diabetes drugs, Reuters reports. Oracle's (ORCL) quarterly results showed that the company has made impressive progress in integration and making the Sun Microsystems deal profitable. This well-run industry leader with healthy long-term growth rates is quite attractive with a low double-digit multiple and should continue to reward investors in quarters to come, notes Barrons.com...Fuel efficiency is expected to be the driving force in the automotive markets for the foreseeable future. Barron's says the best way to invest in this global theme is: BorgWarner (BWA)...Barron's Technology Trader columnist Eric Savitz says there are signs of change in the air and most aren't so good for Research In Motion (RIMM). Its BlackBerry smartphones have been favorites of corporate IT departments, but Apple's (AAPL) iPhone could turn the buying decision over to the individual user...The NYSE Euronext's (NYX) relatively modest valuation, and price/earnings ratio about half that of newly public CBOE Holdings (CBOE), shows Street skepticism about the exchange's radical transformation towards "growth mode". NYSE Euronext is becoming a technology leader far more dependent on derivatives trading in the U.S. and abroad than on matching buyers and sellers of big U.S. stocks.

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