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BUSINESS BRIEFS/IN BRIEF.(TO THE POINT)

Investor's Business Daily

| July 05, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

ENERGY

House worried about China bid

Saying the offer by a Chinese state-owned oil company to buy Calif.-based Unocal could threaten national security, lawmakers voted 398-15 to ask President Bush to make a thorough review of the merger if it goes through. China's CNOOC has offered to pay $18.5 bil in cash to buy Unocal, trumping an earlier offer by Calif.-based Chevron. CNOOC has said it's eager to talk to lawmakers about the bid. CNOOC rose 2.5%, Unocal climbed 1% and Chevron rose 2%.

** Santos will buy independent energy company Tipperary for $7.41 a share, 18.6% ...

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