Lubrizol reports first-quarter loss
Lubricants and specialty chemicals company Lubrizol Corp. on Monday reported that it lost money in the first quarter because of charges from discontinued operations.

Boeing buying supplier of parts
Aviall deal to boost services business In the middle of one of the biggest boom cycles in its history, Boeing Co. is preparing for leaner times.

Carlson Wagonlit Buys Navigant
MAY 02, 2006 - -- In the second major industry deal in as many weeks, Paris-based business travel management firm Carlson Wagonlit Travel last week announced that it has agreed to buy Denver-based Navigant International . In a separate deal, Carlson Companies has announced a deal that will give it a controlling stake in Carlson Wagonlit Travel.

SEI Investments Reports First-Quarter 2006 Results
SEI Investments Company today announced financial results for first-quarter 2006, reporting increases in revenues, net income and earnings per share, compared to the corresponding period for the prior year.

Fitch Upgrades Avnet's IDR to 'BB+'
NEW YORK----May 2, 2006--Fitch Ratings has upgraded Avnet Inc. as follows: Issuer Default Rating to 'BB+' from 'BB'; Senior unsecured notes to 'BB+' from 'BB'; Senior unsecured bank credit facility to 'BB+' from 'BB'.

Business Glance
Stock market NYSE shares drop past $64.25 for the first time NYSE Group Inc. shares fell below $64.25 for the first time, erasing the New York Stock Exchange's gains as a publicly traded company in the eight weeks since it bought Archipelago Holdings Inc. The stock fell $2.65, or 4 percent, to $63.75 in New York Stock Exchange composite trading.

CNH Reports First Quarter 2006 Net Income of $43 million, up $28 million from the First Quarter 2005
CNH Global N.V. today reported first quarter 2006 net income of $43 million, compared to net income of $15 million in the first quarter of 2005. Results include restructuring charges, net of tax, of $3 million in the first quarter of 2006, and $4 million in the first quarter of 2005.

Consolidation defines race for District 4 council seat
Cal Miller and Fred Warner have their disagreements over the way Allen County Council handles the countys $74.6 million budget. But make no mistake: The May 2 Republican primary battle between the two men can be summarized in one word consolidation.

Court favours loans over bond holders
The US Supreme Court on Monday effectively ended a tussle between different creditors of Owens Corning , the bankrupt fibreglass manufacturer, appearing to uphold the seniority of guaranteed loans over unsecured debt.

ONEOK Announces Higher First-Quarter 2006 Earnings
ONEOK, Inc. announced today that its first-quarter 2006 net income increased to $129.5 million, or $1.17 per diluted share, compared with $107.7 million, or $0.97 per diluted share, in the same period last year.