5:00PM NY; 11:00PM Frankfurt; 3:30AM Mumbai - GLOBAL MARKETS

Yield on 10-year bond closed at 4.633% and the 30-year bond closed at 4.842%.

Gold declined $5.300 to close at $667.600 a troy ounce, silver decreased 11.5 cents to end at $13.340 a troy ounce and copper lost $33.000 to close at $6680.000 per metric ton.

Oil gained $1.950 to close at $66.030 a barrel and heating oil advanced 4.980 cents to finish at 187.720 cents a gallon. Natural gas decreased 6.3 cents to close at $7.609 per MMBtu. Gasoline went up 7.830 cents to end at 213.550 cents a gallon.

Asian markets closed mostly higher with Japan''s issues shrugging off losses to end slightly higher. The advancers were led by Hong Kong with an increase of 1.37%, Indonesia with an advance of 0.96% and Singapore with a gain of 0.85%. The only decliner was Philippines with a decrease of 0.35%. Australia gained 0.55%.

European markets finished higher as gains from airline shares, updates from caterer Compass Group, retailer KarstadtQuelle and electronics conglomerate Philips, and deal speculation boosted sentiment. The advancers were led by France with a gain of 1.42%, Italy with an increase of 1.37% and Netherlands with an advance of 1.33%. There were no decliners.

Latin America markets finished higher aided by a jump in international oil prices. The advancers were led by Brazil with an increase of 2.07%, Mexico with a gain of 1.16% and Argentina with an advance of 0.79%. There were no decliners. Canada gained 0.35% propelled by rumors that telecommunications giant BCE was ripe for takeover by a private-equity concern.

2:30PM NY, U.S. Market Movers

BCE (BCE: chart), telecommunications company, jumped 5.8% following a media report saying that private equity firm Kohlberg Kravis Roberts & Co. is looking to buy the company. BCE executives, including Chief Executive Michael Sabia, met recently in Montreal to discuss a buyout with the private equity firm. The newspaper estimated such a buyout could be worth just under 30 billion Canadian dollars ($25.91 billion) and be the biggest in Canadian corporate history.

Gol Linhas Aereas Inteligentes (GOL: chart), airline, surged 9.8% after the company agreed to buy struggling rival Varig for $275 million in cash and stock. Gol said the deal to acquire Varig includes $98 million in cash, 6.1 million nonvoting shares and the assumption of $45 million of debentures. The company will continue to operate the two as separate brands, with Gol remaining a low-cost, low-fare airline and Varig offering more upscale services.

Targeted Genetics (TGEN: chart), gene therapy developer, said it swung to a fourth-quarter profit as revenue more than doubled and drug development costs tumbled, its shares jumped 59.5%. The company said that its net income increased to $808,000, or 8 cents per share, compared with a loss of $3.6 million, or 41 cents per share, in the year-ago period. Revenue climbed to $4 million versus $1.9 million in the same period a year earlier.

Worthington Industries (WOR: chart), metal processor, said its third-quarter profit tumbled on higher costs. For the quarter Worthington earned $5.5 million, or 6 cents per share, compared with $19.2 million, or 21 cents per share, for the same period last year. Revenue declined less than a percent to $677.3 million versus $681.5 million in the year-ago period. Shares of the company climbed 5.1%.

AngioDynamics Inc. (ANGO: chart) shares of medical device maker dropped 7.9% following quarterly results and an outlook that analysts generally regarded as weak. The company reported a loss of $10.4 million, or 55 cents per share, on revenue of $26.7 million. AngioDynamics posted an adjusted profit of 18 cents per share, but these results excluded $1 million in stock option expenses that analysts included with their figures.

ATMI Inc. (ATMI: chart) shares of a provider of specialty materials to semiconductor makers fell 7.9% after the company slashed its first-quarter income outlook to a range of 17 cents to 21 cents per share. The company previously forecast income of 28 cents to 32 cents per share. The company blamed the shortfall on litigation expenses, a manufacturing defect in its packaging business, and a less profitable sales mix on some of its products.

CarMax Inc. (KMX: chart), used car retailer, said that its fourth-quarter profit rose 15%, as increased store and Internet traffic offset lower prices for its vehicles. Earnings for the quarter increased to $42.1 million, or 19 cents per share, from $36.7 million, or 17 cents per share during the same period a year earlier. Revenue grew 16% to $1.88 billion against $1.62 billion in the same period a year earlier. Shares fell 6.8%.

CDC Corp. (CHINA: chart), online gaming and software company, said that it swung to a fourth-quarter loss due to several one-time charges. Net loss for the quarter was $4.2 million, or 4 cents per share, versus a profit of $1.5 million, or a penny per share, for the fourth quarter of 2005. Revenue for the quarter was $89 million, up 43% from $62.3 million in the year ago period. Shares of the company fell 8.3%.

CuraGen Corp. (CRGN: chart) shares fell 15.4% after the company said Roche has agreed to acquire CuraGen subsidiary 454 Life Sciences Corp. 454 Life Sciences'' shareholders will receive up to $154.9 million in cash, of which Roche will pay $140 million in cash, and up to $14.9 million will be received from the exercise of stock options issued prior to the acquisition. CuraGen expects to receive roughly $85 million from the deal, before fees and expenses, of which $14 million will be held in escrow. The transaction is expected to close in the second quarter.

Delta Air Lines Inc. ((DALRQ.PK)), carrier, said that it earned $55 million on revenue of $1.25 billion in February in contrast to a loss a year earlier. The profit amounted to 23 cents per share and was disclosed in a monthly operating report for the 28-day period that was filed with the U.S. Bankruptcy Court in New York. The profit for February compared to a net loss of $209 million in February 2006. Shares fell 26.7%.

Insituform Technologies (INSU: chart), which replaces, maintains and install underground pipes, said its earnings will decline this year as states and municipalities in the U.S. spend less on sewer pipeline rehabilitation. In fiscal 2006, the company posted net income of $24.7 million, or 90 cents per share, up from $13.2 million, or 49 cents per share, in 2005. Revenue rose to $596.7 million from $595.3 million in the last-year period. Shares fell 22.2%.

KMG America Corp. (KMA: chart) shares fell 49.6% after A.M Best revised its ratings outlook on the company and its Kanawha Insurance Co. unit to """"negative"""" from """"stable."""" The stock was off 51.3% to $4.23 on volume of 358,900. Best''s decision and that the action could force a """"material change"""" in its approach to the worksite market. It added that it may not be able to compete in certain markets due to the decision, and the strategy changes now required could results in special charges as soon as the first quarter of 2007.

Movado Group (MOV: chart), watch maker, said its fiscal fourth-quarter profit soared 14.8% as higher sales and lower interest expenses combined to boost earnings. Net income for the quarter rose to $14 million, or 52 cents per share, from $3 million, or 11 cents per share, in the prior-year quarter. The latest period included a gain on the sale of assets of $524,000 and a $2.2 million gain acquired with the Ebel brand. Excluding items, the company said it earned 42 cents per share in the latest period. Revenue rose 13% to $142.3 million from $126.1 million in the fiscal 2006 fourth quarter.