Epstein Secrets

t fine-tunes €5.4bn Nokia deal FT • Carmakers put foot down over emissions FT • 'Click and collect' grows at fast rate FT • Recovery 'could let Osborne cut tax by £7bn' before election Telegraph • AstraZeneca brings in Wall Street 'defenders' amid Pfizer bid speculation Telegraph Key Events This W

TVVOU (buy) & upgrades SMLP/NCLH (buy), Imperial initiates VRNS (op) ••• Jefferies initiates AKRX/ANAC/PRGO/XNPT (buy), JMP initiates HIVE (mp) ••• Jefferies assumes NKTR/PCRX/SHPG/SLXP/TEVANRX (buy) & AGN/SGNT/SUPN (hold) ••• KBW upgrades LION, Raja initiates ERIC (mp), Roth initiates GSVC (buy) ••• Sti

rades NFLX (buy), Citi upgrades SRPT, CS upgrades FB ••• GS initiates HIVEJTVVOU (buy) & upgrades SMLP/NCLH (buy), Imperial initiates VRNS (op) ••• Jefferies initiates AKRX/ANAC/PRGO/XNPT (buy), JMP initiates HIVE (mp) ••• Jefferies assumes NKTR/PCRX/SHPG/SLXP/TEVANRX (buy) & AGN/SGNT/SUPN (hold) ••• KBW

an of TSC proposes restructuring of bailed out bank bonuses The Times<http://www.thetimes.co.uk/tto/business/industries/banking/article3351888.ece> Osborne austerity buries 270k public sector jobs Guardian<http://www.guardian.co.uk/business/2012/mar/14/osborne-austerity-270000-public- sector-jobs> UK t

: (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

er industrial revolution is coming; it's circular Telegraph • QE addiction has made us too complacent Telegraph • Can President Putin explain how Osborne conspired to bring down the oil price? Telegraph • Don't be offended by a few home truths in the boardroom Telegraph • Why politics will dominate

741) files $10.7M IPO through Cuttone & Co and Axiom Capital US Key Research: ••• GS downgrades EGP, Evercore upgrades FRT (buy) & downgrades PEB, Jefferies initiates SCVL/BWS (hold) ••• JMP initiate HDP (op), RBC upgrades ARMK, Longbow downgrades WDC, Roth initiates WATT (buy) ••• Nomura, DB, JPM, GS i

places CH Energy (CHG) Other Newspaper Articles & Stories WSJ cautious: General Mills (GIS) WSJ • Italy faces restructured derivatives hit FT • Osborne to sweeten cuts with spending FT • King's parting shot at meddling UK banks FT • Co-op's debt plans attacked by investors FT • Google gets back

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

re 'could warm planet for centuries' Telegraph • No one wants Russia to implode but optimists have their work cut out Telegraph • We're giving Mr Osborne the best Christmas present - a solution to business rates Telegraph • The US dollars status has fallen — but not uniformly Guardian • Afghanistan

), Citi initiates LEAF (buy), KBW initiates LEAF/ESNT (op) RBC downgrades AOL & upgrades HTLD, Raja upgrades BLMN/JBLU, UBS initiates PX (neut) ••• Jefferies downgrades SCHN, Bernstein upgrades SYK, Wells initiates UMBF (mp) Europe Key Research: • DNB downgrade MEO1V FH, Berenberg initiate LNZ AV (h) •