24/7 Wall St. Morning 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 07/16/2010 Reuters, WSJ, New York Times, Financial Times and Bloomberg:
- Reuters: Goldman Sachs Group (NYSE: GS) settled with the SEC for $550 million.
- Reuters: BP plc (NYSE: BP) capped the flow of oil into the Gulf of Mexico.
- Reuters: Google Inc. (NASDAQ: GOOG) profits missed targets as expenses rose.
- Reuters: American Research Group says there is still strong demand for the iPad.
- The New York Times: Banks are trying to change their business models now that the financial overhaul bill is in place.
- The New York Times: Citigroup’s Income Falls Amid Slowdown in Trading
- Bloomberg: Apple May Offer IPhone Cases, Rebates to Address Flaw
- Bloomberg: U.S. Stock Futures Fall as BofA, Citi, GE Miss Revenue Estimates
- Bloomberg: Buyers of BP assets many face the legal problems that go with them.
- Athenahealth (NASDAQ: ATHN) Started as Market Perform at Wells Fargo.
- J.P. Morgan Chase & Co. (NYSE: JPM) Raised to Outperform at Wells Fargo.
- Goldman Sachs Group Inc. (NYSE: GS) Raised to Buy at BofA/Merrill Lynch; Raised to Outperform at Oppenheimer.
- Las Vegas Sands (NYSE: LVS) Started as Buy at Jefferies.
- The Mosaic Co. (NYSE: MOS) Raised to Overweight at JMorgan.
- VIVUS, Inc. (NASDAQ: VVUS) has been downgraded by Needham, Jefferies, JPMorgan, Brean Murray, and likely others.
- Vodafone plc (NYSE: VOD) Started as Buy at Jefferies.
- Wynn Resorts Ltd. (NASDAQ: WYNN) Started as Buy at Jefferies.
Here are today's best Market Rumors:
- Apple Inc. (NASDAQ: AAPL) will not recall its iPhone 4 (Reuters)
- Two private equity groups will make final bids in a $1.6 billion battle for control of Healthscope (Reuters)
Finally, here is the Twitter-24/7 Wall St. Stock Market Report 07/16/2010:Continued on the next page