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LN (buy), Piper initiates KYAK (neut) Key Research: DB downgrades SGMS & initiates KYAK (buy), Bofa downgrades VALE, GS cuts DOM LN Key Research: Nomura upgrades ITV LN, Vontobel downgrades BAER VX, Canaccord downgrades AV/ LN Key Research: Citi upgrades DELB BB, MS downgrades PSON LN, Berenberg upg
y). SPA's +3 handles = 1405.50 last. ***EL, HD, TJX, DKS, SKS reporting pre-open*** ***PPI & Retail Sales @ 8:30am, Business Inventories @ 10am*** Groupon shares tumble after hours after reporting Q2 revenues that miss estimates (trading -19.8%) Sky Deutschland Q2 beat across the board, strong run rat
, PRGX, LGCY, TUMI, PAA IPO's: N/A Key Research: Janney downgrades DIS, Barcap upgrades HFC & downgrades CTXS, Jeff upgrades MNT/MOH Key Research: Nomura upgrades MMM, Raja initiates ABMD (mp) & upgrades CCOI, Piper cuts MDRX Key Research: Baird upgrades FAST, Mizuho initiates FRX (buy), JPM upgrades
cash/stock) = 29% premium to yesterdays close • Disney Q4 profit inline but revs from film & interactive units missed forecast (trading -2.5%) • Groupon drastically missed rev & profit ests (core biz almost stopped growing) (trading -15%) • International Game Tech O4 eps / revs beat & sees FY2013 ab
businessNews+(News+/+US+/+Business+News)>) Republican Tea Party debate last night on CNN (no real surprises, a lot of candidates went after Perry) Nomura is said to plan to cut about 5% of jobs in Europe (reductions may be announced tomorrow) Peugeot (Europe's 2nd biggest carmaker) to cut jobs & incr
Above the Gloom NYT<http://www.nytimes.com/2011/09/13/automobiles/autoshow/at-frankfurt-show-german-auto- firms-hope-to-rise-above-the-gloom.html> Groupon Makes Foray Into U.K. E-Commerce Bloomberg<http://www.bloomberg.com/news/2011-09-13/groupon-makes-foray-into-e-commerce- discounts-challenging-amazo
052702304563104576361671054501968.html>, For- Profit Edu Sector WSJ<http://online.wsj.com/article/SB10001424052702303745304576361803286692710.html> Nomura cuts top 10 Executives' pay 38% as earnings slump after Lehman buy Bloomberg<http://www.bloomberg.com/news/2011-06-03/nomura-cut-top-10-executives-p
ness whatsNews> Times Picks New Editor WSJ<http://online.wsj.com/article/SB10001424052702303657404576361342892480796.html? mod=ITP_marketplace_0> Groupon Plans I.P.O. With $30 Billion Valuation NYT DealBook<http://dealbook.nytimes.com/2011/06/02/groupon-files-to-go-public/?ref=business> The Mistake o
Entities connected to both Nomura and Groupon

Lesley Groff
PERSONIke Groff
PERSON
Bloomberg L.P.
ORGANIZATION
Barack Obama
PERSON
Jeffrey Epstein
PERSON
Barron
PERSON
Horizon
ORGANIZATIONBarcap
ORGANIZATIONBaird
PERSON
Stanford University
LOCATION
Michigan
LOCATION
Piper
PERSONJefferies
ORGANIZATION
Prince Andrew
PERSONUtilities
ORGANIZATIONDoug Band
PERSONEmpire Manufacturing
ORGANIZATION
Wells
ORGANIZATION
United States
LOCATIONJanney
PERSON