Epstein Secrets

ion stronger (trading +1.8%) • Balfour Beatty sells UK facilities business for £190 million, decent short interest in the name (trading -0.36%) • Tesco has entered into a MoU with China Resources to combine Chinese retail operations (trading +1.1%) • Swedish Banks: finance minister Borg talking abo

rey WSJ • Italy Aims for More Budget Austerity WSJ • 'London Whale' Unlikely to Face Charges WSJ • China Trade Offers Taste of Recovery WSJ • Tesco, China Resources in Talks Over Joint Supermarket Venture in China WSJ • Banker to the Poor No More WSJ • Noonan: How Obama Wooed the Middle Class

iced at $22 (above range), Mix Telematics (MIXT) 6.3M ADS priced at $16/sh (high-end) US Key Research: ••• GS downgrades FL, Compass Point cuts DV, Jefferies initiates XXIA (buy), CS downgrades SPH • DB upgrades IHS (buy), Wells upgrades STJ, JPM upgrades CSCO, Raja downgrades LEAP RBC initiates VNTV (op

unemployment at 22.5% in the UK Daily Mail<http://www.dailymail.co.uk/money/news/article-2114806/Unemployment-highest-1995-young- people-work.html> Tesco chief Brasher to step down after one year Telegraph<http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9144742/Tescos- UK-chief-Richa

: (buy) Key Research: Key Research: Barcap upgrades UNP & downgrades NSC, GS downgrades WMS (sell), UBS downgrades Brean Murray downgrades HOGS, Jefferies downgrades XCO/DLR & upgrades AMD CLSA upgrades Toshiba (6502 JP) (buy), JMP upgrades NUVA, Raja downgrades UAM CS initiates SYK/ZMH (op's), Piper

the 'considerable time" language might be dropped to start more formally preparing the markets for the first rate hike in mid-2015 (WSJ) (Reuters). Tesco trading -10.2% in the UK after another big profit warning and weighing on the rest of the food retailers. WTI Crude traded as low as $62.25/bbl earl

downgrades M, Baird downgrades VZ, CS upgrades LHCG, ▪ Drexel Hamilton initiates LDOS (hold), Guggenheim initiates FITB/KEY (buy) and HBAN (neut) ▪ Jefferies initiates NDRM (buy) & downgrades NBR/Oll/SLB/CBST, KBW downgrades SEIC • JPM initiates ALL/AON/MMC (ow) and ACE/PGR/TRV (neut) and CB/UW (uw) & dow

lears US Senate FT • Flat Japanese consumer prices aid Kuroda Fr • CVC attracts pledges of €14bn in six months FT • Sports Direct in talks with Tesco over sharing space Fr • GDP revisions leave UK economy further from recovery FT • Industry asked to curb peak power use FT • Iran, Russia and C

vercrest Asset Management (SAMG) 4.79M shares priced at $11 IPO's: IBEX LN, MATAS DC, KGX GY, Ocean Yield books closing today US Key Research: ••• Jefferies initiates OCN/PMT/WAC (buys) & NSM/PFSI/PHH (holds), Roth re-establishes BDE (neut) •••• Opco initiates ZINC (op) & PANW/HXL (perform), SocGen initi

, RBCN, UTHR, OXR, ENS, APOG, LMIA, CKH, CTIC, SRTI, CRWN, RBY, SA, GTE, MRVL, HOGS Equity/Mixed Shelfs: BRKS ($200M) IM 600 change (after close): Tesco (TESO) replaces CH Energy (CHG) Other Newspaper Articles & Stories WSJ cautious: General Mills (GIS) WSJ • Italy faces restructured derivatives h

IPO's (lock-up expires): Tumi Holdings (TUMI) US Key Research: ••• Barcap reinstates NDAQ (ow), Citi downgrades MOSNHS, DB initiates ADS (buy) ••• Jefferies upgrades ADBE (buy), JPM upgrades BSAC & downgrades RBCN ••• Piper upgrades ARMH, Roth adds DGIT to focus list, Stifel upgrades MLNX (buy) ••• SunT