[R]10:45 AM New York – U.S. stocks struggled at the opening.[/R]

U.S stocks in the first thirty minutes of trading rose after crude oil dipped below $128 a barrel, gold declined to $902 an ounce and natural gas traded near $11.75 per mtbu.

Durable goods orders in April declined 0.5% and excluding transportation the orders rose 2.5%. The orders in March were revised to an increase of 0.3% and the orders declined in three of the last four months. The orders declined 1.4% to $214 billion from $217.3 billion in April of 2007.

The Bank of Nova Scotia, a Canadian bank said second quarter revenues rose 2.20% to $3.172 billion from $3.10 billion a year ago. Net income in the quarter declined 6% to $980 million or 97 cents per diluted share compared to net income of $1.0 million or $1.03 per share, a year ago.

The Bank of Nova Scotia stock (BNS: chart) added 83 cents to $48.88.

Borders Group, Inc, operator of book, music and movie stores said first quarter revenues fell 0.8% to $792.5 million from $798.7 million a year ago. Net loss in the quarter was $31.7 million or 53 cents per diluted share compared to net loss of $35.9 million or 61 cents per share, a year ago. Same-store sales at domestic superstores fell 4.1%.

Borders Group, Inc stock (BGP: chart) fell 5 cents to $6.21.

Donaldson Company, Inc, which makes machinery for air and liquid filtration, said third quarter sales rose 21% to $587.8 million from $484 million a year ago. Net income in the quarter rose 14.7% to $46 million or 57 cents per diluted share compared to net income of $40.1 million or 49 cents per share, a year ago.

Donaldson Company, Inc stock (DCI: chart) surged $2.58 to $49.75.

Jamba, Inc, which operates the Jamba Juice chain, said first quarter revenues jumped 14% to $101.6 million from $89.4 million a year ago. Net loss in the quarter was $6.4 million or 12 cents per diluted share compared to net income of $11.9 million or 20 cents per share, a year ago.

Same-store sales at company owned locations fell 4.2% mainly from a drop in sales California, where many of the company's stores are located. Same-store sales outside of California rose 0.6%.

Jamba, Inc stock (JMBA: chart) rose 5 cents to $2.55.

Shanda Interactive Entertainment Limited, China-based online gaming company said first quarter revenues rose 47% to RMB 779.8 million ($111.1 million) from RMB 532.3 million a year ago. Net income in the quarter fell 36% to RMB 288.8 million ($41.2 million) or RMB 3.94 or 56 cents per ADS compared to net income of RMB 448.8 million or RMB 6.14 cents per ADS, a year ago.

Shanda Interactive Entertainment Limited stock (SNDA: chart) fell $3.01 to $32.22.

World markets review

In Tokyo Nikkei 225 Index closed lower 183.87 or 1.32% to 13,709.44, in Hong Kong Hang Seng index decreased 32.53 or 0.13% closed to 24,249.51. In Australia ASX 200 index lower 66.30 or 1.16% to close 5,648.10. In Malaysia KL Composite index decreased 13.66 or 1.07% closed to 1,260.58.

In South Korea Kospi Index decreased 19.59 or 1.07% to close at 1,805.64, in Thailand SET index closed lower 22.61 or 2.64% to 832.99 and Indonesia JSE Index edged increased 36.77 or 1.53% to 2,433.77. Sensex index in India increased 249.78 or 1.53% to 16,525.37.