Morning Market Snapshot: September 9th, 2010

Good Morning. It's Thursday, September 9, 2010. At this hour, U.S. equity futures are higher. Overseas, the Asian markets gained, while the European markets are up. In the U.K., the Financial Services Authority fined Goldman Sachs (GS) GBP17.5M for breaching FSA Principles...AXA (AXA) notes the Australian Competition and Consumer Commission opposed National Australia Bank's (NAB) proposed acquisition of AXA Asia Pacific Holdings and subsequent divestment of AXA APH's Asian businesses to AXA...Shanda Games (SNDA, GAME) and China Network Television announced a strategic partnership to form a joint venture company to establish an online game video channel, as well as to engage in other related businesses such as online game operation...Trubion Pharmaceuticals (TRBN) announced that the Justice Department and FTC granted early termination of the waiting period with respect to the planned acquisition of Trubion by Emergent BioSolutions (EBS)...Great Atlantic & Pacific Tea (GAP) announced that it entered into an agreement with Big Y Foods to sell seven store locations in northern Connecticut...Fuqi International (FUQI) was notified recently by the SEC of a formal investigation, and has received a subpoena from the SEC for certain documents, relating to its failure to timely file required periodic reports, as well as other matters.

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