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EBITDA below, full year 2012 guidance confirmed with firming demand (trading -1.3%) United Nations nuclear chief says he would not be surprised if North Korea carried out a nuclear test Leading European Sectors: EMU Banks +1.3%, Telco +0.65%, Food/Bev +0.22% Lagging European Sectors: Basic Resources -2.6
initiates RAT (op) & downgrades HAS, W Blair upgrades DLB & downgrades BODY Key Research: Capstone initiates FRAN (buy), Piper downgrades PVH/BODY, Jefferies downgrades DRWI, Key Research: Dougherty downgrades CBOU, Key initiates HUN (buy), JPM upgrades WFM, KBW cuts KBW Key Research: Barcap upgrades A
pendent • Eurozone recession to worsen despite rate cut Independent • Will Angela Merkel have to choose between Germany and Europe? Telegraph • North Korea moves missiles away from launch pads Telegraph • UK projects at risk after China funding threat Telegraph • Walmart Heads Fortune 500 List of Top
s) & SONS (neut) & ADTN (up) ••• GS initiates PF (neut) & MDVN/BMRN (buys) & initiates INFI/PCYC/SGEN (neut's) & INCY (sell) • ISI downgrades HOLX, Jefferies assumes MTD/LIFE (hold), Stifel initiates OMTH (buy) ••• Wells initiates CHS/KORS/ANF/GPS/URBN (op) & ANN/JWN/KSS/LULU/M/RUE/TJX/TIF/AEO (mp) & JCP
aria, Burma, Costa Rica, Cote D'Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Ecuador, India, Indonesia, Iran, Iraq, Liberia, Nicaragua, North Korea, People's Republic of China, Qatar, Russia, Slovenia, South Korea, Sudan, Syria, Vietnam, and any other jurisdiction in which this Offering is, or
ctor Paul Tuan, Managing Director, has over 10 years of investment banking and entrepreneurial experience and worked for firms including White Oak. Jefferies. Bank of America Merrill Lynch, MVP Capital, and US Bancorp. His experience includes mergers and acquisitions, capital raises, public bond offerings
Entities connected to both North Korea and Jefferies

Donald Trump
PERSON
Jeffrey Epstein
PERSONLeon Black
PERSON
Marc Rich
PERSON
Prince Andrew
PERSON
Jared Kushner
PERSON
George W. Bush
PERSON
Michael Cohen
PERSON
Clayton
LOCATION
Colorado
LOCATION
Michael Milken
PERSONMartin Weinberg
PERSON
William Barr
PERSON
Credit Suisse
ORGANIZATION
Barack Obama
PERSON
Mullen
PERSONBerger
PERSONSater
PERSON
Tony Blair
PERSON
Steven Mnuchin
PERSON