[R]5:00PM NY; 11:00PM Frankfurt; 3:30AM Mumbai - GLOBAL MARKETS[/R]

U.S. markets closed lower on inflation talk from the Fed Chairman, weaker than expected rebound in durable orders and continued fallout in housing sector. European markets closed lower on rising oil prices. Asian markets closed sharply lower in the overnight trading.[/R]

Yield on 10-year bond closed at 4.620% and the 30-year bond closed at 4.832%.

Gold gained $4.100 to close at $672.900 a troy ounce, silver increased 17.5 cents to end at $13.455 a troy ounce and copper lost $180.500 to close at $6713.000 per metric ton.

Oil gained $1.340 to close at $64.270 a barrel and heating oil advanced 4.370 cents to finish at 183.010 cents a gallon. Natural gas increased 5.7 cents to close at $7.560 per MMBtu. Gasoline went down 0.950 cents to end at 206.350 cents a gallon.

Asian markets closed sharply lower as exporters fell on renewed concerns over the growth outlook for the U.S. economy. The decliners were led by India with a decrease of 1.83%, Singapore with a decline of 1.40% and Indonesia with a loss of 1.06%. There were no advancers. Australia lost 0.66%.

European markets finished lower as higher crude-oil prices pressured automotive and airline stocks and weaker-than-expected U.S. durable-goods orders raised questions about the strength of the U.S. economy. The decliners were led by Switzerland with a decrease of 1.07%, Belgium with a loss of 0.69% and France with a decline of 0.62%. The only advancer was Norway with a gain of 0.71%.

Latin America markets finished lower as economic data out of the U.S. surprised to the downside and oil tensions rose. The decliners were Brazil with a decrease of 1.25% and Mexico with a loss of 0.23%. The only advancer was Argentina with an advance of 0.36%. Canada lost 0.15% as weakness in the technology and materials sectors offset strength in the energy group.


[R]2:30PM NY, U.S. Market Movers[/R]

Cbeyond (CBEY: chart) was upgraded by Raymond James to ""strong buy"" from ""outperform"", saying the risk versus reward opportunity for the broadband service provider is more compelling, following recent weakness. The brokerage said the company possesses a robust growth outlook with expected revenue growth of 30% for the next several years and even higher EBITDA growth.

Gold Reserve (GRZ: chart) shares soared 46.1% after the company said the Venezuelan government has granted approval to the Brisas Enviromental and Social Impact Assessment for the exploitation and processing of gold and copper mineralization. This has led to the issuance of a permit to start construction on the company''s Brisas project, which Gold Reserve estimates has NI-43-101 reserves of 485 million tons of ore grading 0.67 grams per ton gold and 0.13% copper containing 10.4 million ounces of gold and 1.3 billion pounds of copper.

H.B. Fuller Co. (FUL: chart), paint and adhesives maker, reported an almost 36% rise in first-quarter profit due to strong pricing and cost controls. The company said profit rose to $20.8 million, or 34 cents per share, from $15.3 million, or 26 cents per share, in the year-ago quarter. Revenue rose 5.6% to $351.8 million for the quarter. The company also raised its full-year 2007 earnings outlook to between $1.65 and $1.75 a share from a previous expectation for a range between $1.58 and $1.68. Shares of the company jumped 9.6%.

Industrial Services of America Inc. (IDSA: chart), waste and recycling management services provider, said that its fourth-quarter net income increased to $729,728, or 20 cents per share compared with $415,536, or 12 cents per share, in the year-ago period. Revenue declined to $14.6 million versus $19.7 million in the same period a year earlier. Shares climbed 27.8%.

M&F Worldwide Corp. (MFW: chart) shares rose after John H. Harland Co. shareholders approved the company''s $52.75-per-share cash acquisition by M&F. M&F, whose Clark American unit is a leading check printer, agreed in December to buy its larger competitor for $52.75 per share in cash. Billionaire financier Ronald Perelman owns about 38% of M&F, which also makes licorice products for the tobacco and food sectors.

Syntax-Brillian Corp. (BRLC: chart) sold 2.1 million shares for $15.5 million in a private transaction with two affiliates of the company. The investors include an entity controlled by John Jung-Jyh Wu, president and chief executive of TCV Group, Syntax-Brillian''s main supplier of plastic injection-molded parts, and WesTech Electronics Ltd., a Singapore provider of electronic parts for BRLC''s Olevia-brand TVs. Shares climbed 6.8%.

Vyyo Inc. (VYYO: chart), communications-equipment maker, jumped 14% on the news that it has arranged for $35 million in new financing from Goldman Sachs. Half of the unsecured note, which has a $10 per-share conversion price, will pay off pre-existing bonds held by Goldman. The other half will be used to speed deployment of the Norcross, Ga. company spectrum overlay product and related services.

AngioDynamics (ANGO: chart), diagnostic and therapeutic device maker, said it hired D. Joseph Gersuk as chief financial officer, effective April 16. The company also said that it swung to a fiscal third-quarter loss of $10.4 million, or 55 cents per share, from a profit of $1.88 million, or 14 cents per share, a year earlier. Excluding stock-based compensation, one-time acquisition costs and other items, earnings were $3.4 million, or 18 cents per share, up from $2 million, or 15 cents per share, a year ago. Net sales for the quarter rose 35% to $26.7 million from $19.8 million a year ago. AngioDynamics expects adjusted fourth-quarter earnings of 13 to 25 cents a share and revenue of $40 million to $43 million. Shares of the company fell 19.5%.

Delta Air Lines Inc. (DALRQ: chart) said it applied to list its shares on the New York Stock Exchange after the airline emerges from reorganization. Shares of the company fell 29.1%.

New Century Financial (NEWC: chart) franchise value has largely been destroyed, and the subprime lender has gone too far down the bankruptcy path to reverse course, according to a Merrill Lynch & Co. analyst. Kenneth Bruce, who rates New Century ""sell,"" said potential acquirers of all or part of New Century are likely to be scared away as the Irvine, California-based lender''s loans get sold and amid a flurry of regulatory and legal actions. Shares fell 22%.