Buzz in Wall Street - Journal bid

Bid for Journal is talk of Wall Street (AP)

AP - Financial analyst Edouard Morin slid from his lunch seat at the swanky Harry's Cafe around the corner from Wall Street and sized up the latest merger talk that has the business world abuzz.

Top 25 fastest growing techs (CNNMoney.com)

The Top 25 fastest growing techs - Akamai Technologies (AKAM) (1) - Business 2.0

Akamai Technologies (AKAM)

Rank: 1
Employees: 1,058
Headquarters: Cambridge, MA
Sector(s): Business Services

Why it's hot: How big is online video and music? Big enough to catapult Akamai to the top spot. Internet traffic is surging, and companies like Apple and MTV Networks rely on the content delivery company's technology to get the digital goods to their customers.

See more B2 100 data for Akamai Technologies

Google hits the streets

Google hits the streets, raises concerns (AP)

AP - Google Inc. bills the latest twist on its online maps as "Street View," but it looks a bit like "Candid Camera" as you cruise through the panorama of pictures that captured fleeting moments in neighborhoods scattered across the country.

Greenspan promises surprises in September book

Greenspan promises surprises in September book (Reuters)

Reuters - Former U.S. Federal Reserve Chairman Alan Greenspan promised on Friday to deliver surprises and insights about the future in an eagerly awaited book, but he gave little away for now beyond saying interest rates were low.

No upgrade this time

No upgrade from Moody’s

MANILA, Philippines -- Moody’s Investor Service, which maintains the lowest sovereign credit rating on the Philippines among the three major credit rating agencies, is not keen on an upgrade at this time.  (Inquirer.net)

Ford down, Nissan, Chrysler up

Ford's U.S. sales decline; Nissan, Chrysler up (Reuters)

Reuters - Ford Motor Co. posted lower May sales on Friday, while rivals Nissan Motor Co. and Chrysler Group eked out small gains amid high gas prices and concerns about U.S. consumer confidence.

Euro growth slows to 3.2%

Euro-area growth slows to 3 percent (AP)

AP - Economic growth in the euro area slowed to 3 percent while the EU as a whole expanded by a slower 3.2 percent in the first three months of the year as household spending barely moved, the European Union said Friday.

Pending home sales index fell 3.2 pct, lowest since Feb 2003

April pending home sales index fell 3.2 pct (Reuters)

Reuters - Pending sales of existing U.S. homes in April unexpectedly fell to its lowest since February 2003, data from a real estate trade group showed on Friday.

US factory gauge highest in over a year

Factory gauge climbs to highest in over a year (Reuters)

Reuters - U.S. manufacturing grew a bit more rapidly in May as factory managers restocked depleted inventories, according to a survey published on Friday.

Joel Sendek: Weird Al of Wall Street

Joel Sendek: The Weird Al of Wall Street - June 11, 2007 (CNNMoney.com)

In the late 1960s, Don McLean penned the nostalgic anthem "AmericanPie" in part to respond to what he saw as the beginning of a dark erafor the U.S. Similarly, in May of this year, Lazard Capital Marketssell-side analyst Joel Sendek was feeling nostalgic about the growth ofAmgen's anemia drug, Erythropoietin, which was fading. So he started singing:

Bye-bye, Erythropoietin pie.

Drove my growth rate with the pipeline,

But the pipeline is dry...

...along with eight other verses, left in the voicemail boxes of about 350 clients.

Bank earnings fall slightly in Q1

Bank earnings fall slightly in 1st quarter (Reuters)

Reuters - Earnings at U.S. banks fell slightly in the first three months of the year amid a continuing housing slump and tightening credit standards, a banking regulator said on Thursday.

Incomes fall, spending increases

Incomes fall but spending increases (AP)

AP - Consumers' incomes dipped in April but that didn't stop them from spending briskly. The Commerce Department reported Friday that personal incomes fell by 0.1 percent in April, following a robust increase of 0.8 percent in March.

Buffett talk fuels interest in Kraft

Buffett talk fuels interest in Kraft Foods calls (Reuters)

Reuters - Call option activity in Kraft Foods Inc. surged on Thursday on speculation that Warren Buffett's Berkshire Hathaway Inc. (BRKa.N) (BRKb.N) is interested in the largest U.S. food company.

157,000 more jobs in May

Employers add 157,000 jobs in May (AP)

AP - Employers showed a decent appetite to hire in May, boosting payrolls by 157,000, the most in two months. The unemployment rate held steady at 4.5 percent.

Global guru

Global guru: Harvard's $30 billion endowment chief

When you first meet Mohamed El-Erian, 48, who heads up Harvard University's $30 billion endowment, two things immediately strike you: First, he's incredibly sharp, particularly when it comes to highbrow things like geo-political economics; second, despite being one of the world's most respected money managers, he's the antithesis of a hubristic hedgie or swaggering Wall Streeter: the Oxford and Cambridge-educated Egyptian is enormously polite and charming.

 (CNNMoney.com)

Civilian employment steady in May

Civilian employment steady in May (AP)

AP - Employers showed a decent appetite to hire in May, boosting payrolls by 157,000, the most in two months. The unemployment rate held steady at 4.5 percent.

Dell lays off 8,000; Q1 earnings sag

Dell lays off 8,000; 1Q earnings sag (AP)

AP - Dell Inc. beat Wall Street predictions in its first-quarter earnings report but said it would eliminate 10 percent of its work force over the next year as part of a broad plan to trim costs and become more competitive with rivals.

Salcon Power declares cash dividend, changes name

Salcon Power declares cash dividend, changes name

MANILA, Philippines -- Salcon Power Corp. said its shareholders on record as of June 18 would be paid a cash dividend of P0.25 per share on July 10.

Megaworld to build campus-type facility for BPO firms

Megaworld to build campus-type facility for BPO firms

MANILA, Philippines -- Property developer Megaworld Corporation will be building a campus-type facility called One Campus Place that aims to provide low lease price to business process outsourcing firms that are looking to expand or move their operations.

SMC retirement fund raises stake in company

San Miguel retirement fund raises stake in company

SMC Retirement Plan, the retirement fund owned by employees of San Miguel Corp., has recently acquired an additional 56.68 million common class B shares in San Miguel, raising its stake in the food and beverage firm to 320.45 million shares, or about 10.16 percent of the company's outstanding shares, San Miguel said.

PSE shares close at new record high

Shares close at new record high on upbeat economic outlook

(UPDATE) MANILA, Philippines -- Share prices closed sharply higher for the second straight day, lifting the main index to a new record, after the surprise surge in the domestic economy in the first quarter raised hopes it will easily beat last year's performance, dealers said.

Smart unveils low-cost 3G phone

Smart unveils low-cost 3G phone

MANILA, Philippines -- Mobile operator Smart Communications has announced the availability of the LG KU 250, touted as the most affordable handset that supports third-generation or 3G services.

Moody: RP debt rating at B1, outlook is stable

Moody's keeps RP debt rating at ‘B1’; outlook stable

MANILA, Philippines -- Moody's Investors Service said it haD reaffirmed its "B1" rating on the Philippines' sovereign debt, with a stable outlook.