Stocks cap week of gains on jobs data, oil

(Reuters) - Technology and industrial stocks were among the best performers after the Labor Department's monthly report on job creation topped expectations. Shares of heavy equipment maker Caterpillar Inc. and IBM helped lead the Dow higher.




Shares of major oil companies rose as New York oil prices hit 10-month highs. The energy sector was the biggest advancer out of all 10 S&P 500 sectors, with the S&P Energy index up 1 percent.


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Cogeco Cable posts qtrly profit rise, ups outlook

(Reuters) - Revenue rose 56 percent to C$240.6 million.




The company said it expects revenue of C$940 million in
2007, net income of C$68 million and operating income before
amortization of C$368 million. That compares with a forecast in
January for operating income before amortization of C$355
million.


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DEALTALK-KKR aims to take role of banks with IPO

(Reuters) - Private equity firm Kohlberg Kravis Roberts & Co. [KKR.UL]
said in its IPO prospectus earlier this week that the $1.25
billion offering will allow the firm to expand its ability to
syndicate equity and reduce reliance on third-party sources of
capital.




Syndicating leveraged buyout equity is normally the role of
investment banks. Does KKR wish to cut banks entirely out of
the LBO process? The answer is no, sources close to the firm
say, since the firm will still rely on banks to handle the debt
borrowed for the deals.


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Japan's 10-Year Bonds Have Biggest Weekly Drop in Month Amid Global Growth

(Bloomberg) -- Japanese bonds had the biggest
weekly drop in a month on speculation signs of accelerating
global growth will support the central bank's case for
increasing interest rates.

Ten-year bonds fell yesterday, pushing yields to a
three-week high, after U.S. Treasuries had the biggest loss
in three weeks on July 5. Private U.S. reports this week
showed job creation was faster than expected and growth in
service industries accelerated, signaling the world's
largest economy is gaining momentum.


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Qantas increases order for 787 by 20 planes

(Reuters) - The 787, a mid-sized aircraft made predominately of
carbon-composite materials, is Boeing's first all-new
commercial airliner in more than a decade.




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UPDATE 1-Rosetta Resources to fight Calpine lawsuit

(Reuters) - Calpine filed suit on June 29 in the same court where it
filed for bankruptcy - the U.S. Bankruptcy Court for the
Southern District of New York - accusing Houston-based Rosetta
of cheating when it bought Calpine's oil and gas assets.




Rosetta, a former unit of Calpine, acquired the assets in
July 2005 for $1.05 billion before Calpine declared bankruptcy
in December 2005.


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UPDATE 2-Prudential to keep Wachovia joint venture for now

(Reuters) - Wachovia said in May that it would buy regional broker A.G.
Edwards Inc. for $6.8 billion, creating the
second-largest U.S. retail broker. The move required
Prudential, which now owns a 38 percent stake in the venture,
to make a decision.




Newark, New Jersey-based Prudential said it would exercise
its "lookback" option, which allows it to delay a decision for
up to two years following the combination. It can then add
additional capital, sell its stake back to Wachovia or accept a
reduced stake in the venture.


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