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range), TriVascular Tech (TRIV) 6.5M shares priced at $12 (below range), Anima Holding (ANIM IM) began trading this morning US Key Research: ••• Barcap upgrades LNC & downgrades RGA, GS upgrades GPC and SFUN (buy) • Imperial upgrades ZBRA/GDP and initiates SBGL (op), RBC initiates ATEN (op) • Jeffe
tations were low into #'s (trading +2.1%) • Credit Suisse O1 net income misses ests, investment bank weaker on fixed income (trading -2.0%) • BHP Billiton production update decent, core divisions performed well, non-core weaker (trading -0.16%) • ASML O1 sales inline, gm's better, cuts H1 sales foreca
) and JNPR (neut), Lonbow downgrades LPX & upgrades LECO (buy) Europe Key Research: EFTA00357140 • Bofa downgrades BAYN GR/SHP LN/GSK LN/PGHN SW, Barcap downgrades ALV GRIHNR1 GR/MUV2 GR/PHNX LN & upgrades UNI IM • Berenberg initiates REE SM (buy) and ENG SM (hold), Cantor initiates ADN LN/ASHM LN/S
FT • Arrest of 'tiger' Zhou Yongkang sheds light on China graft purge FT • Songbird: bird in the hand Lex • Dalian Wanda: big fish Lex • BHP Billiton: a miner by any other name Lex • Merck/Cubist: pony up Lex • Hermitage: imperial splendour, revolutionary symbolism, world-class art The Times •
IVR, KBH, PKO PW, ATD/B CN, BYG LN IPO's (lock-up expires): E2open (EOPN), Hyperion Therapeutics (HPYX), Millennial Media (MM) US Key Research: • Barcap upgrades UNM & initiates ALLT (ow), DB downgrades F, Imperial initiates EAGL (op) • Jeff initiates HRG (buy) & reiterates buy for GOOG, Macquarie up
eigh on O2 (trading +0.35%) • SAP O4 inline (pre-announced last week), SSRS guidance light, 2015 margin guidance reiterated (trading +2.3%) • BHP Billiton production numbers in line, Escondida ahead, maintaining guidance & cost savings (trading +0.85%) • Novartis good O4, Bayer's Reinhardt replaces Va
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