Amazon.com (AMZN) appears set to join the smartphone wars. The company says it will unveil a new device on June 18. It doesn't give any specifics, but drops all sorts of clues. Reports say it could include a 3-D interface and a screen that tracks the eye movement of users. This would be Amazon's second venture into hardware this year. In April it introduced a TV set-top box named Fire.
We often report on the prognostications of economists at big Wall Street firms about the prospects for economic growth. Now they're weighing in on the World Cup, which kicks off next week. According to the Wall Street Journal, Goldman Sachs (GS) has used a mathematical formula to determine that the host country, Brazil, will walk away with the title. But ING (ING) has used a statistical model based on the market value of each team's players. According to its calculations, Spain comes out on top, followed by Germany and then Brazil. The U.S. is ranked 25th by ING out of the 32 teams in the tournament.
And one more note from the business of sports. Chicago radio station WGN is reportedly set to end its broadcast of Cubs game at the end of this season, after 90 years of handling the play-by-play.
-Produced by Drew Trachtenberg.