24/7 Wall St. Daily Market Roundup
Every morning, 24/7 Wall St. editors cover the news, identifying important events and market-moving stories.
The following are the highlights for our Media Digest 08/03/2010 Reuters, WSJ, New York Times, Financial Times and Bloomberg:
- Reuters: BP plc (NYSE: BP) will try to “kill” its well leak by today.
- Reuters: The Fed may buy new mortgage bonds to help the credit system
- Reuters: The US said the United Arab Emirates are setting a bad precedent by shutting down Research In Motion’s (NASDAQ: RIMM) BlackBerry service.
- Reuters: Sanofi-Aventis has made a $19.4 billion offer for Genzyme (NASDAQ: GENZ).
- Bloomberg: BMW posted it largest profit in almost three years on sales of its 5-series.
- Bloomberg: Greece passed its first deficit test.
- Allied Irish Bank Group (NYSE: AIB) Cut to Hold and Target Cut to 1.02 (Euro) at RBS; Started as Outperform at Credit Suisse.
- Applied Materials Inc. (NASDAQ: AMAT) Cut to Neutral at UBS.
- Bank of Ireland (NYSE: IRE) Started as Outperform at Credit Suisse.
- Energizer Holdings Inc. (NYSE: ENR) Raised to Overweight at Morgan Stanley.
- FuelCell Energy Inc. (NASDAQ: FCEL) Started as Hold at Needham.
- GeoEye, Inc. (NASDAQ: GEOY) Cut to Neutral at JPMorgan.
- HSBC Holdings plc (NYSE: HBC) Cut to Hold at RBS.
- Smith & Nephew plc (NYSE: SNN) Cut to Equal-weight at Morgan Stanley.
- Telefonica, S.A. (NYSE: TEF) Cut to Hold at Citigroup.
- VIVUS Inc. (NASDAQ: VVUS) Cut to Sell at Brean Murray.
- WuXi PharmaTech Inc. (NYSE: WX) Raised to Buy at Jefferies.
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