Bloomberg:
- Ciena Corp., (CIEN) the maker of computer-network equipment for telephone companies such as BT Group Plc, climbed the most in three months in Nasdaq Stock Market trading after raising its fourth-quarter profit-margin forecast.
- Crude oil is falling for a third day after the dollar rebounded against the euro, reducing the appeal of commodities as an alternative investment. Gold is also falling $20/oz on US dollar strength.
- JC Flowers & Co. proposed paying $50 a share and warrants valued at as much as $10 a share for SLM Corp.(SLM).
- NY office rents rose last quarter at the slowest pace since the second quarter of 2006, as demand from banks and securities firms began to slacken.
- The euro fell from near a record high against the dollar and halted five days of gains versus the yen as European policy makers expressed mounting apprehension over the pace of the advance.
Wall Street Journal:
- Looking Ahead, Growth Stocks Are the Call. With Inflation Peaking, Fed May Cut Rates Again; ‘Tis the Season for Tech.
- Globalization is giving purchasing managers more clout and demand is growing for people who can run complex networks of relationships, understand foreign cultures and are willing to travel.
Financial Times:
- The European Union is underperforming in the global arena, though it has built up the biggest single market and has the means to tilt the world toward its formula of democracy, human rights and an open society, according to two senior statesmen.
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