to 5% capital over five years to fund l-t incentive plans (trading +0.58%) • Nutreco: Cargill says it is no longer pursuing acquisition of Nutreco (NUO NA -4.9%) • SocGen: Russia's woes could force SocGen to push back profit targets there (WSJ) EFTA00355983 • Oerlikon sells Advanced Tech Segment t

ates VA (buy), MLB initiates EFC (hold) & HALO (buy) ••• Ladenberg downgrades MMM, Wells initiates ACAT (mp) Europe Key Research: • SNS downgrades NUO NA, Degroof downgrades REC BB Reporting Pre-Open: PNY Economic Data: MBA Mortgage Applications @ 7am, Jobless Claims @ 8:30am, Bloomberg Consumer Comf