4:15PM NY; 10:15PM Frankfurt; 3:30AM Mumbai - GLOBAL MARKETS
Oil and precious metals fell. Oil fell 4% and gold dropped 1%. Three popular averages fell in New York trading. U.S. Treasury reported that the Federal deficit fell 57% in the first four months of current year. Global markets in Europe, Asia and Latin America fell. Russia and India led world markets with a loss of 2.5% and 2.4% respectively. Egypt gained 6.7% for the day.

Yield on 10-year bond closed at 4.806% and the 30-year bond closed at 4.885%.

Gold declined $6.300 to close at $666.300 a troy ounce, silver lost 22.5 cents to end at $13.665 a troy ounce and copper advanced $165.000 to close at $5548.000 per metric ton.

Oil lost $2.270 to close at $57.620 a barrel and heating oil decreased 8.410 cents to finish at 164.100 cents a gallon. Natural gas declined 60.7 cents to close at $7.220 per MMBtu. Gasoline dropped 6.880 cents to end at 154.600 cents a gallon.

Asian and African markets closed lower with Hong Kong shares slipping on heavyweight China Mobile, which will have its weighting cut in a shuffle of the city's benchmark index. On the other hand, China's stock markets rose on bargain hunting among blue chips. The decliners were led by India with a loss of 2.39%, Singapore with a decline of 1.57% and Taiwan with a decrease of 1.06%.

The advancers were led by Thailand with a gain of 0.31%. Financial markets in Japan were closed for a national holiday. Australia lost 0.07% where all sectors of the market lost ground except for materials, energy and utilities.

Egyptian CMA General Index rose 6.7%, sharpest rise for the day in the world.

European markets finished lower as construction-sector companies declined on interest-rate concerns, offsetting M&A-inspired gains from mobile telecom giant Vodafone Group. The decliners were led by France with a decrease of 0.85%, Germany with a loss of 0.75% and Spain with a decline of 0.72%. There were no advancers.

Russia’s main index dropped sharply and closed 2.5% lower.

Latin America markets closed lower led by Brazil with a decrease of 0.90%, Mexico with a loss of 0.68% and Argentina with a decline of 0.46%. There were no advancers. Canada lost 0.46% as the heavily weighted energy and materials groups were both trading in the red.

2:30PM NY, U.S. Market Movers
Cytyc Corp. (CYTC: chart) agreed to buy Adeza Biomedical Corp (ADZA: chart) for about $450 million to expand company’s women's healthcare portfolio. Shares of Adeza rose 53%, touching a new year-high of $23.78 in early morning trade on the Nasdaq. It was the second biggest percentage gainer on the exchange.

Apogee Enterprises (APOG: chart), glass product maker raised its fiscal 2007 earnings forecast, citing stronger performance to date in its fourth quarter. Shares of the company touched a year-high of $21.85 or 10.3%. The company expects earnings of $1.04 to $1.10 per share, compared with its previous view of 98 cents to $1.04. Revenue will be near the top of the prior range of 12% to 15% growth, the company said.

Asta Funding Inc. (ASFI: chart), a consumer receivables asset management company, said it agreed to buy a $6.9 billion portfolio, consisting mainly of credit card accounts, for $300 million. Shares were up 10%.

Brush Wellman (BW: chart) reported strong fourth-quarter earnings on higher demand across a majority of its key markets, driving company’s shares 26.7% higher. For the fourth quarter, the company reported net income of $30.3 million, or $1.48 per share, compared with $4.1 million, or 21 cents per share, a year ago. Sales of the company climbed 48% to $207.8 million.

YouTube, the popular online video sharing site owned by Google Inc. (GOOG: chart) has signed a deal with Digital Music Group Inc. (DMGI: chart) to offer such 1960s U.S. television programs as ""I Spy"" and ""My Favorite Martian"". Digital Music said the deal also includes an agreement to allow certain music, for which it controls the rights, to be used in users' videos uploaded to YouTube. Digital Music owns publishing or distribution rights to over 40,000 music recordings and over 4,000 hours of video content including television shows and films. Shares climbed 31.6%.

LCA-Vision Inc. (LCAV: chart), an operator of laser vision correction centers, said that its fourth-quarter profit rose 8% as the company performed more procedures, resulting in strong revenue growth. LCA shares jumped $7.26, or 18.8%, to $45.97 on the Nasdaq. Shares have traded between $29.90 and $58.25 over the past 52 weeks. Net income grew to $7.1 million, or 34 cents per share, compared with $6.6 million, or 30 cents per share, in the year-ago period. Revenue climbed 26% to $58.8 million from $46.8 million last year, as procedure volume increased by 23%. Same-store revenue, or revenue at centers open at least 12 months, grew by 10%.

Medifast Inc. (MED: chart) shares rose when the diet and nutrition products and services company forecast sharply higher revenue for full-year 2006 above previous guidance. For the year ended Dec. 31 the company put revenue at $73.5 million, up 83% from $40.1 million in 2005. The company previously forecast revenue between $70 million to $72 million. Shares rose $1.33, or 17%, to $9.10.

Onyx Pharmaceuticals (ONXX: chart) said it plans to seek approval this year to market kidney cancer drug Nexavar to patients with advanced liver cancer, after a study showed it prolongs their lives. The shares of Onyx, a U.S. biotechnology company that has a 50/50 partnership with Germany's Bayer Holding AG to develop and sell the medicine, almost doubled on the news. Bayer, a far larger company with an array of marketed products, was little changed. Shares soared 100.2%.

Zoltek Cos. (ZOLT: chart), engages in the development, manufacture, and marketing of carbon fibers for various applications, shares rose 9.6% after the company reported a first-quarter net loss of $5.66 million, or 23 cents per share compared with the same quarter last year, the company posted net earnings of $6.29 million, or 3 cents per share. The quarter included a charge of $8.4 million related to convertible debt and warrant issuances. Revenue climbed to $30.3 million versus $15.6 million in the same quarter a year ago.

Administaff (ASF: chart) cut its growth forecast, citing cancellations by mid-sized customers and higher benefits costs, sending its shares down 18%.Administaff also reported a 22% increase in fourth-quarter profit to $13.4 million, or 47 cents per share, compared with $10.9 million, or 39 cents per share, a year earlier. It cited demand from small business owners, said it would increase its stock buyback and accelerate new office openings this year. Revenue rose 15% to $353 million, compared with Wall Street forecasts for sales of $358 million.