According to Reuters, former Fed chief Alan Greenspan still believes that there is a one-third chance that the US economy will go into recession this year.
Reuters writes that the CEO of Google (GOOG) announced that the company might look at large M&A targets but its primary focus will be small tech companies.
Reuters writes that Alcatel-Lucent (ALU) has forecast that Q2 revenue will be 10% above Q1.
Reuters writes that the head of Google said the the company will focus on software applications, not just search and text ads.
The Wall Street Journal writes that the CBOT (BOT) is weighing taking a buy-out bid from Intercontinental Exchange (ICE) over one from the Chicago Mercantile Exchange (CME).
The WSJ writes that a Russian aluminum magnate who may have ties with organized crime is buying a piece of Magna International (MGA). Magna is viewed at the most likely buyer of Chrysler (DCX)
The WSJ also reports that Sara Lee (SLE) rejected calls for an accelerated share buy-back and said that it doubted it was a takeover target. .
The WSJ also reports that the largest shareholder in Wendy’s (WEN) is trying to get the company to put itself up for sale.
The WSJ also reports that the FDA has called for more limited use for cancer patient anemia drugs from Amgen (AMGN) and Johnson & Johnson (JNJ).
The New York Times writes that shareholders at Ford (F) attacked the company’s chairman, Bill Ford, for his role in the car company’s poor performance.
The New York Times also reports that revenue rose at Vonage (VG) but litigation still raises questions about the company’s future.
The FT writes that AIG (AIG) faces $128 million in sub-prime load costs.
Barron’s writes that Western Digital (WDC) is likely to see the multiple on its stock expand.
Douglas A. McIntyre
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