24/7 Wall St. Daily Market Roundup
Each day, 24/7 Wall St. editors cover the news, identifying important events and market-moving stories.
The following are the highlights for our Media Digest 08/11/2010 Reuters, WSJ, New York Times, Financial Times and Bloomberg:
- Reuters: Research In Motion will share some BlackBerry code with the Saudis.
- Reuters: The dollar hit a 15-month low compared to the yen
- Reuters: India will decide whether to restrict the BlackBerry.
- Reuters: Dell (NASDAQ: DELL) will sell its tablet with an AT&T Inc. (NYSE: T) contract for $300.
- Reuters: KKR will start fund-raising in the next few quarters.
- New York Times: Rich Americans' taxes would rise sharply under an Obama plan, according to the Joint Committee on Taxation.
- Bloomberg: Google will increase acquisitions as some internal projects falter.
- Bloomberg: Dealers cannot get cars as manufacturers carefully control inventory.
- Bloomberg: Boeing (NYSE: BA) is making more inspections of its 787 fleet.
- Bloomberg: A poll by Bloomberg says economists expect US growth to drop to 2.55% in the second half.
These are this Wednesday's top analyst upgrades, downgrades, and initiations seen in Wall Street research calls:
- AutoNavi Holdings Limited (NASDAQ: AMAP) Started as Outperform at Pacific Crest.
- Avago Technologies Limited (NASDAQ: AVGO) Maintained Buy and Raised Target to
- Monolithic Power Systems (NASDAQ: MOSY) Cut to Hold at Stifel Nicolaus.
- Myriad Genetics Inc. (NASDAQ: MYGN) Cut to Neutral at Global Hunter.
- Inergy, L.P. (NYSE: NRGY) Raised To Buy From Hold By Wunderlich; Cut to Hold at Citigroup.
- Starbucks Corp. (NASDAQ: SBUX) raised debt rating to BBB+ at S&P (late Tuesday call).
- Xilinx Inc. (NASDAQ: XLNX) Raised to Buy at S&P Equity Research (late Tuesday call).