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s application to start insolvency protection (trading -76%) Moneysupermarket.com H1 update brief but positive for 2Q and as per mgmt expectations Swatch has no plans to cut stake in Hengdeli according to Hong Kong Economic Journal Deposits in Greece's banking system have increased by more than ea bi
Key Research: UBS initiates AAPL (buy $740pt) and EMC (buy) & downgrades SYT/DUK, BMO downgrades SUI Key Research: Jefferies downgrades HMSY/AGP, Stifel downgrades HGG, Wells initiates VPHM (mp) and REXX (op) Key Research: Susquehanna initiates NXPI (neut), JMP initiates JNPR (mp), Baird downgrades
nd sales increase, net debt falls (trading -0.88%) • FCC 9 month update looks inline, sales down from 2011, net debt drops 11% (trading +0.16%) • Swatch considers FY sales guidance of CHF 8 billion feasible according to Sonntag (trading +1.0%) • Mercedes-Benz Jan-Oct sales +8.0% on year at 169,070 u
CAT Barcap upgrades ORA, Jeff cuts JNJ/NKTR & upgrades SQNM (buy) MS upgrades TRIP & cuts IQNT CS downgrades JCP/VRTX, Baird upgrades NAV, JPM and Stifel downgrade STRA, Citi upgrades CMA Exane upgrades IHG LN, Citi downgrades RYA LN, Barclays initiates Russian Oil & Gas sector GS reits conviction bu
ine, div disappoints, sees copper production FY12 +10% (trading Weir Group withdraws from bidding for Ludowici, will make no further offer (trading Swatch sales may rise by - 10% in 2012 amid strong demand out of North America & Audi is said to be in talks to buy Italian luxury motorcycle maker Ducati
AT LN (sell) & initiates MTDR (neut) and IPCM (buy), HSBC downgrades GLE FP Key Research: Janney upgrades NWY (buy), Kepler initiates Prada (hold), Stifel initiates ETN/IEX (buy's) and CIR (hold) Reporting Pre-Open: AAON, ADES, BKR, BWEN, EBIX, EF, FDS, INSM, LDL, RAVN, REX, SYPR, TLP, UTSI, VIP, XRI
beat outlook with potential to exceed depending on FX (trading +2.7%) • +0.60%Swiss watch exports -3.0%, 200-500 CHF only segment better = benefits Swatch (UHR +0.60%, CFR -0.20%) • Ladbrokes: Guardian article on potential delay to new gaming machine regulation (trading +0.10%) • Anglo American O2 p
ed/priced): UCP (UCP) 7.75M-shares priced at $15 (low-end), OncoMed Pharmaceuticals(OMED) 4.8M shares priced at $17 (above range) US Key Research: Stifel initiates Shippers — STNG/NNA/CPLP/TNP/ANW (buys) & DSX/NMM/CMRE (holds) & SSW (sell) ••• Wedbush initiates UA (op), Bernstein initiates FOXA (op),
low for inflation adjusters (trading +8.4%) • Babcock & Avincis Mission (helicopters) in exclusive talks about setting up a JV (trading -1.96%) • Swatch takes control of Rivoli stores in the Middle East (previous held 40% stake) (trading +0.69%) • Reckitt Benckiser hires Morgan Stanley to advise on
P/PAA/CHD (buys) • GS downgrades CPB & CLX (sell) & upgrades AA (buy), Imperial initiates NVGS (op) • ISI downgrades BRCD, JPM initiates CRZO (ow), Stifel initiates CRTO (buy) ••• Wells initiates UMBF (mp), Citi initiates LEAF (buy), KBW initiates LEAF/ESNT (op) RBC downgrades AOL & upgrades HTLD, Raj
Entities connected to both Swatch and Stifel

Lesley Groff
PERSONIke Groff
PERSON
Barron
PERSON
Bloomberg L.P.
ORGANIZATIONBaird
PERSONJefferies
ORGANIZATION
Barack Obama
PERSON
Michigan
LOCATION
Wells
ORGANIZATION
Angela Merkel
PERSON
Horizon
ORGANIZATION
Stanford University
LOCATION
Bernanke
PERSON
Tony Blair
PERSON
Bernstein
PERSON
European Parliament
ORGANIZATION
Michael Jackson
PERSONBerenberg
ORGANIZATIONJanney
PERSON
Prada
ORGANIZATION