The Fly On The Wall What's In The News: April 22, 2010

Good Morning. It's Thursday, April 22, 2010. At this hour, U.S. equity futures are trading lower. Overseas, the Asian markets were mixed, while the European markets were down.

Today's UPGRADES include:

Chipotle Mexican Grill (CMG) upgraded to Buy from Hold at Jefferies...

Online Resources (ORCC) upgraded to Buy from Neutral at Janney Montgomery..

MGIC Investment (MTG) upgraded to Outperform from Market Perform at Keefe Bruyette...

SunTrust (STI) upgraded to Market Perform from Underperform at Keefe Bruyette..

DOWNGRADES: Time Warner (TWX) downgraded to Market Perform from Outperform at BMO Capital...

SunTrust (STI) downgraded to Perform from Outperform at Oppenheimer...

KeyCorp (KEY) downgraded to Sector Perform from Top Pick at RBC Capital..

.Hot News: CenturyLink (CTL) and Qwest Communications (Q) announced that their boards of directors approved a definitive agreement under which CenturyLink will acquire Qwest in a tax-free, stock-for-stock transaction...

Simon Property Group (SPG) announced that it received $1.1B in new capital commitments from ING Clarion Real Estate Securities, Oak Hill Advisors, RREEF and Taconic Capital Advisors to support a recapitalization of General Growth Properties (GGP)...

Target (TGT) announced that it will sell Amazon.com's (AMZN) Kindle beginning with its flagship Minneapolis store and 102 south Florida stores on April 25, and will roll it out to more stores later this year. The price: $259...

Delcath Systems (DCTH) announced that its Phase III National Cancer Institute-led multi-center clinical trial has successfully met the study's primary endpoint of extended hepatic progression-free survival in patients with melanoma metastases to the liver based on an independently corroborated intent-to-treat analysis...

Chipotle Mexican Grill (CMG) plans to open 120-130 restaurants in 2010...

Noble Corp. (NE) has a strong backlog and liquidity in excess of $1.4B



.Newspapers/Websites:

the Wall Street Journal reports... As Greek bond yields hit fresh highs over increased concerns about the country's debt situation, there was a decline in trading volume which could mean the sell-off may not be as severe as was thought,

the Associated Press reports..Massey Energy (MEE) could lose about $150M in its second quarter as a result of the deadly explosion at one of its West Virginia mines,.

Bloomberg is reporting that Fiat (FIATY) reportedly may spin off its industrial units which could open the door for the merger of its auto division with Chrysler. Also, Fiat director Roland Berger says the company may consider joint ventures in China and India, and "doesn't need any major alliances" with a rival firm...

the San Jose Business Journal reports. that The Garminphone, Garmin's (GRMN) next-generation smartphone featuring Android (GOOG) capability, will be solid through T-Mobile USA under an exclusive agreement,

Category:

News & Politics

Tags:

• Greece
• MEE
• FIATY
• GRMN
• GOOG
• Stock
• News

[Astherusecomes]

she's soooooo cute.. is not easy to not look at her eyes;)

[peruface]

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