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 09/08/2010 Reuters, WSJ, New York Times, Financial Times and Bloomberg:
- Reuters: Japan’s plan to intervene in yen trading has not moved the currency lower.
- Reuters: Oil dropped as investors moved away from risk.
- Reuters: Hewlett-Packard (NYSE: HPQ) sued to keep Mark Hurd from joining Oracle (NASDAQ: ORCL).
- Reuters: Google Inc. (NASDAQ: GOOG) will start its TV service in the US this year.
- Reuters: Sinochem has approached Temasek about a bid for Potash (NYSE: POT).
- Reuters: Dana turned down a KNOC offer to buy the company.
- New York Times: Amazon.com (NASDAQ: AMZN) has tried to get its sellers to make packages easier to open.
- New York Times: Consumer Reports has begun to rank surgeons.
- Bloomberg: Greece has still not revealed details of how it hid some of its debt.
- Bloomberg: Nokia (NYSE: NOK) will show a new phone in the hopes it can compete with Apple Inc (NYSE: AAPL) and Research In Motion (NASDAQ: RIMM).
- Bloomberg: A finance professor at Notre Dame says the S&P 500 has beat the increase in IPOs in the last quarter.
These are this Wednesday's top analyst upgrades, downgrades, and initiations seen in Wall Street research calls:
- American Water Works (NYSE: AWK) Cut to Neutral at HSBC.
- BP plc (NYSE: BP) Raised to “A” at Ftich on debt ratng.
- Barclays plc (NYSE: BCS) Cut to Market Perform at Bernstein.
- BorgWarner (NYSE: BWA) Cut to Neutral at JPMorgan.
- Costco Wholesale (NASDAQ: COST) Raised to Buy at Goldman Sachs.
- Harman International (NYSE: HAR) Cut to Neutral at JPMorgan.
- Hewlett-Packard Co. (NYSE: HPQ) Cut to Neutral at UBS.
- Intel Corporation (NASDAQ: INTC) Cut to Neutral at UBS.
- Time Warner Inc. (NYSE: TWX) Cut to Hold at Benchmark Capital.
- Wipro (NYSE: WIT) Started as Negative at Susquehanna.
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