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 08/23/2010 Reuters, WSJ, New York Times, Financial Times and Bloomberg:
- Reuters: Kenneth Feinberg took over the BP plc $20 billion escrow account.
- Reuters: Americans are confused about healthcare reform according to a new poll
- Reuters: Sinochem approached Potash (NYSE: POT) about countering its BHP (BHP) bid.
- Reuters: ILFC, a unit of American International Group (NYSE: AIG), repaid the government $4 billion.
- Reuters: Oil and the dollar moved up.
- Reuters: Blackstone (NYSE: BX) and Great Eagle entered a deal in China to build high-end apartments.
- Reuters: Kuwait and Qatar put money into the China AgBank IPO.
- New York Times: Homeowners may not be able to use their houses to build wealth for some time.
- New York Times: Members of Congress are studying a bid from China’s Huawei to supply telecom equipment to Sprint-Nextel (NYSE: S).
- New York Times: Sony (NYSE: S) is upping its gamble on web TV.
- New York Times: Dish Network (NASAQ: DISH) is offering more of its content online.
- Bloomberg: Boeing (NYSE: BA) will compete with Lockheed Martin (NYSE: LMT) over a $10 billion missile shield deal.
- Bloomberg: The price of commodities stocks has kept the S&P 500 up this quarter.
- Bloomberg: Sinopec (NYSE: SNP) margins are being hurt by the falling price in oil.
- Bloomberg: The housing slide could push the US back into recession.
These are this Monday's top analyst upgrades, downgrades, and initiations seen in Wall Street research calls:
- Bank of America Corporation (NYSE: BAC) Raised to Accumulate at Standpoint.
- Corinthian Colleges Inc. (NASDAQ: COCO) Cut to Hold at ThinkEquity.
- First Solar Inc. (NASDAQ: FSLR) Raised to Buy at UBS.
- Genuine Parts Co. (NYSE: GPC) Cut to Neutral at Goldman Sachs.
- Itron Inc. (NASDAQ: ITRI) Started as Outperform at Credit Suisse.
- Matrixx Initiatives Inc. (NASDAQ: MTXX) Raised to Buy at Roth Capital.
- Nokia Corp. (NYSE: NOK) Maintained Hold but Cut estimates at Citigroup.
- Oilsands Quest Inc. (NYSE: BQI) Cut to Hold at Canaccord.
- Rosetta Resources Inc. (NASDAQ: ROSE) Raised to Buy at SunTrust.
- Sterling Bancshares (NASDAQ: SBIB) Raised To Buy From Neutral By SunTrust
- Zep Inc. (NYSE: ZEP) Raised to Buy at Janney.
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