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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) & downgrades MPW & upgrades RGLD, SunTrust initiates THO (buy) Europe
n biggest criminal data breach ever Independent • Jim O'Neill: So what do the Brics countries want from their new development bank? Independent • James Moore: We'd better not rush headlong into a party as Camey goes for grow Independent • Time Warner-CBS stand-off highlights the lack of competition in US
RBC, Canaccord, and BMO US Key Research: • Ascendiant initiates JCI (buy), Barcap initiates AXTA (ew) & reinstates FLT (ow), CS initiates FUN (op), Wells initiates SONS (op) • Drexel initiates CRM (hold), JMP initiates ITCI (mp), Topeka initiates CCC (buy), Webush assumes PTCT (op) ••• Baird downgra
rade Lex • Nigerian banks: losing steam Lex • Nigerian consumer goods: luxury prices Lex • Nigerian capital controls: eye of the needle Lex • James Moore: Theresa Mays migrant student plans to 'send 'em all back' is economic insanity Independent • Customers complain to banks every 10 seconds Independ
pgrades ELX, UBS upgrades FIO (buy) ••• MS upgrades RY & downgrades BMO & initiates MNST, Roth downgrades SCTY .. DB downgrades GFI & upgrades CPA, Wells initiates LMOS (op), Citi upgrades MDRX (buy) • Nomura initiates KMX (buy), BMO initiates CBS/DIS (op's) & NWSA/WXNIAB (mp's) ••• Evercore initiate
st Independent • Eurozone finance ministers in banking union showdown Independent • Corporate scheme deficits top £100bn in April Independent • James Moore: Fixing infrastructure is crucial if UK wants to be a runner in the global race Independent • The rise of India 2.0: inside the temple of technolog
• Citi upgrades GPS (buy), GS reinstates SWY (sell) & downgrades GLNG (sell), Barcap cuts WDR • Piper initiates HALO (ow) & PDLI (neut) & cuts EAT, Wells downgrades RGP & initiates UIL (op) ••• Baird initiates LNKD (neut), Opco downgrades RENN, BMO upgrades ARO/PSB, Longbow cuts MOLX ••• Raja downgra
welfare cuts will make it worse Independent • Satyajit Das: Alchemists at the courts of rulers foster illusion of perpetual growth Independent • James Moore: For once bank chiefs are right to be angry Independent • Cameron and his party conspire to create a European shambles Telegraph Key Events This W
s: YuMe (YUME) files for $65M IPO through Citi and DB US Key Research: EFTA00388081 ••• BB&T initiates PGEM (buy) & cuts KNX, KBW downgrades ENH, Wells downgrades BLC • RBC initiates ASGN/RHI/ECLCTAS/CQP (op) & ROUMAN (sp), CS upgrades AN & cuts AN & initiates APU ••• Guggenheim initiates CLDX (buy
enefits squeeze,' says Lord Freud Independent • Robert Jenkins: On this rocky road central bankers' signs cannot be clear Independent (Comment) • James Moore: If audit reform is so bad, why can't bosses be bothered to explain? Independent (Comment) • James Moore: Banks must pay for their insurance polici
Entities connected to both Wells and James Moore

Bloomberg L.P.
ORGANIZATION
Lesley Groff
PERSONIke Groff
PERSON
Barack Obama
PERSON
Barron
PERSON
David Cameron
PERSONBarcap
ORGANIZATIONJefferies
ORGANIZATIONBaird
PERSON
Stanford University
LOCATION
Las Vegas
LOCATIONStifel
ORGANIZATION
Vladimir Putin
PERSONNomura
ORGANIZATION
Bernanke
PERSON
Washington D.C.
LOCATION
Horizon
ORGANIZATION
Angela Merkel
PERSON
François Hollande
PERSON
Moody's
ORGANIZATION