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 08/30/2010 Reuters, WSJ, New York Times, Financial Times and Bloomberg:
- Reuters: The Bank of Japan eased policy to fight a rise in the yen.
- Reuters: Obama said the economy is not growing fast enough.
- Reuters: Intel (NASDAQ: INTC) will buy Infineon’s mobile unit for $1.4 billion.
- Reuters: The National Association of Business Economists said growth is on the right track.
- Reuters: India is meeting on a ban of the Research In Motion (NYSE: RIMM) Blackberry.
- Reuters: Oil stayed at an eight-day high on the belief the nations will work to resume growth.
- Reuters: Google Inc. (NASDAQ: GOOG) bought social network tool supplier Angstro.
- Reuters: Online video arrangements are the critical factor to carriage negotiations between Walt Disney Co. (NYSE: DIS) and Time Warner Cable (NYSE: TWC).
- Reuters: Dell Inc. (NASDAQ: DELL) is thinking about matching a Hewlett-Packard (NYSE: HPQ) offer for 3Par (NYSE: PAR).
- Reuters: Nokia (NYSE: NOK) and Siemens (NYSE: SI) are considering seeking a private equity investment in their telecom equipment joint venture.
- Reuters: BHP Billiton (NYSE: BHP) might sell some Potash (NYSE: POT) assets.
- Reuters: Sanofi-Aventis (NYSE: SNY) made a $18.5 billion offer for Genzyme.
- Reuters: Carlyle bought a 51% stake in Brazil’s Scalina.
- New York Times: The risks of deepwater drilling are not carefully regulated.
- New York Times: China is giving more money to state-owned businesses to help them grow.
- New York Times: Few people allow themselves to be targeted online.
- New York Times: Oracle (NYSE: ORCL) and Google Inc. (NYSE: GOOG) are using open source software to compete.
These are this Monday's top analyst upgrades, downgrades, and initiations seen in Wall Street research calls:
- Agrium Inc. (NYSE: AGU) Raised target to $85 from $80 at Canaccord.
- BCE Inc. (NYSE: BCE) Cut to Sector Perform at National Bank.
- Cerner Corp. (NASDAQ: CERN) Raised to Buy at ThinkEquity.
- Lululemon Athletica Inc. (NASDAQ: LULU) Cut to Underperform at Jefferies.
- Texas Instruments Inc. (NYSE: TXN) Cut to Neutral at Susquehanna.
- The Andersons, Inc. (NASDAQ: ANDE) Started as Buy at Morgan Joseph.
- Zoltek Companies Inc. (NASDAQ: ZOLT) Started as Hold at Needham.