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 09/13/2010 Reuters, WSJ, New York Times, Financial Times and Bloomberg:
- Reuters: A bill to help small business may be the last chance the Democrats have to help stimulate jobs before the election.
- Reuters: BP plc (NYSE: BP) oil spill claims should be below $20 billion.
- Reuters: Goldman Sachs Group (NYSE: GS) could add 100 partners this year.
- Reuters: China will probably ease restrictions on foreign investment.
- Reuters: US fund Aurelius Capital was the only hold out in the Dubai debt restructuring.
- Reuters: Strong Chinese data has helped worldwide stock markets.
- Reuters: Geithner says China has done nearly nothing about the value of the yuan
- Reuters: Hertz (NYSE: HTZ) upped its bid for Dollar Thrifty.
- New York Times: Search is becoming more a part of what people online show their friends as part of their habits.
- New York Times: The FCC is opening spectrum which could mean super-fast WiFi.
- Bloomberg: Deutsche Bank will raise $12.5 billion.
- Bloomberg: The head of Nokia’s smartphone operation resigned.
These are this Monday's top analyst upgrades, downgrades, and initiations seen in Wall Street research calls:
- ABB Ltd. (NYSE: ABB) Cut to Sell at Societe Generale.
- Actuate Corporation (NASDAQ: ACTU) Raised to Buy at Roth Capital.
- Dr. Reddy’s Lab (NYSE: RDY) Raised to Overweight at Morgan Stanley.
- Exxon Mobil Corp. (NYSE: XOM) Cut to Hold at Deutsche Bank.
- LM Ericsson Telephone (NASDAQ: ERIC) Raised to Equal-Weight at Barclays.
- 3M Co. (NYSE: MMM) Removed from Conviction Buy List at Goldman Sachs.
- Microsoft Corporation (NASDAQ: MSFT) Started as Buy at Standpoint.
- Neostem Inc. (AMEX: NBS) Cut to Hold at Roth Capital.
- Nokia Corporation (NASDAQ: NOK) Raised to Overweight at Barclays.
- Research in Motion Limited (NASDAQ: RIMM) Cut to Negative at Susquehanna.
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