Epstein Secrets

NYT British bank panel suggests changes to limit risk - NYT DealBook Banco do Brasil in advanced talks to buy Eurobank for undisclosed amount - FT Nokia sees more losses in smartphone market share - FT Igor Sechin resigns as chairman of Rosneft - FT Ford says Asia-Pacific operations may have to stop

h: MS downgrades FTE & initiates lodging sector (favorable view), Bofa reinstates CMA/FITB/RF/KEY/MTB Key Research: JPM lowers targets BYI/IGT/WMS, Baird initiates QLIK Reporting Pre-Open: FAST, AIB, CAGC Reporting Post-Close: ADTN, HOFT, MG, STRM Economic Data: NFIB Small Business Optimism @ 7:30am

(trading +2.2%) Schlumberger first quarter profit rose 40% benefitting from efforts to expand in EFTA00434602 North America but missed estimates Nokia profit beat estimates but declined 1.4% y/y and forecast operating margins will fall this qtr (signed pact with MSFT) DuPont reported double digit

h: BMO initiates food/beverage (RAH/DF/MJN/THS/FLO/HAIN), Macquarie initiates US Chemicals (KRA/FMC/ROC/SOA) Key Research: Barcap upgrades NOVN.VX, Baird downgrades PII, Wells downgrades NVE, JPM initiates CRR (ow) & LG FP (neutral) Key Research: GS downgrades SINA (sell) & upgrades CRH (conviction b

maker Allergan FT EFTA00370852 • Freedom to (rack plan faces backlash FT • Nike's FuelBand runs into trouble FT • Microsoft fine-tunes €5.4bn Nokia deal FT • Carmakers put foot down over emissions FT • 'Click and collect' grows at fast rate FT • Recovery 'could let Osborne cut tax by £7bn'

uy) and cuts DFRG • Roth initiates GSVC (buy), BMO upgrades HD, B. Riley initiates IMMR (buy) • Evercore upgrades INTU, Steme initiates SYNA (buy), Baird initiates GLRI (op) Europe Key Research: • Bofa initiates PETS LN/SHF SJ (buy) & upgrades ETE GA and RMG LN (buy) • Cantor initiates SRSP LN (buy)

als, NAO says Telegraph<http://www.telegraph.co.uk/finance/economics/9072574/State-pays-too-much-to-build- PFI-schools-and-hospitals-NAO-says.html> Nokia, Motorola and Sony likely to increase handset orders to Taiwan ODMs DigiTimes<http://www.digitimes.com/news/a20120209PD215.html> Key Events Next We

AKS and MASI (sell) & initiates COH/RKT (buy's) & JEC (neut), Piper initiates CRIS (ow) Key Research: DB downgrades ORLY/AMRS/MPEL & upgrades COP, Baird downgrades XCO/SLGN/ORLY/TLEO & upgrades ALXN/SEE Key Research: GS adds ATVI to Conviction Buy list & resumes SYMC (neut) & upgrades EFX (buy) & c

e than economists forecast on Japan/energy Sonova executives resign after insider trading probe (trading -7.5%) (-30% in the past month) III cuts Nokia credit rating one level to A- from A with a stable outlook (trading -24 bps) ICBC beats estimates as margins widen and lending grows (BOCOM beats a

through Wells & JMP Key Research: Wells initiates BRKR/GEOI (op's) & WAT (mp), Moke initiates CTXS (op), Soleil initiates HCA (buy) Key Research: Baird upgrades STON, JMP initiates CWT (op) & downgrades RURL, FBR reiterates IFT (op) & positive NUAN Key Research: Bofa downgrades PHG/ITW & upgrades T

rvoir" of LFL growth ahead (trading -0.5%) • Songa reports further delays to Trym unit, increasing costs, unable to give deets (trading -10.2%) • Nokia CEO says tablet is something we are clearly looking at very closely" (trading -1.6%) • UBM agrees to sell Data services units to Electra for £160mn

ja downgrades RCL • Roth initiates LODE (buy), DB downgrades SGMS (sell), JPM upgrades SWC ••• Citi upgrades HMY & TGT/BBBY (buy), GS upgrades UNH, Baird cuts YUM, Jeff cuts EQRIAVB Europe Key Research: • MS prefers Japanese equities to European, UBS upgrade BBVA SM, BofAML downgrade CNA LN, RI FP •

ground over deficit FT • Renminbi rides out weaker China growth Fr • Tech earnings: feeling flat Lex • Morgan Stanley: happily married Lex • Nokia: a new stream of bad news Lex • Japan is fighting back at stagnation FT • Thatcher was right — there is no 'society' FT • Portugal moves to kee

itiates WCG (hold) and GASS (buy)b. Riley intiates ADBE (buy) • Citi initiates AMP (buy), KBW upgrades AF/ETFC/TOL, DB upgrades AN, CS cuts VVVVW e Baird downgrades COH, JPM downgrades FCS, Raja downgrades TXNm DB upgrades UBS (buy) Europe Key Research: • UBS add LG FP to most pref - HOLN VX removed,