Fly on the Wall Market Snapshot: March 30, 2010

Good Morning. It's Tuesday, March 30, 2010.

At this hour, U.S. equity futures are up. Overseas, the Asian markets were mixed, while the European markets are also mixed.




Today's UPGRADES include: Morgans Hotel (MHGC) upgraded to Outperform from Market Perform at JMP Securities...Westlake Chemical (WLK) upgraded to Overweight from Neutral at JP Morgan...

DOWNGRADES: BWAY Holding (BWY) downgraded to Neutral from Overweight at JP Morgan...Neutral Tandem (TNDM) downgraded to Perform from Outperform at Oppenheimer...GenVec (GNVC) downgraded to Hold from Buy at Roth Capital

Hot News:

Court says certain Myriad Genetics (MYGN) claims are not patentable...

Microsemi (MSCC) announced that it entered into a definitive agreement to acquire White Electronic Designs Corp. (WEDC) through a cash tender offer at $7.00 per share for a net transaction value of approximately $100M, net of White Electronic's projected cash balance at closing...

Dow Jones reports...A unit of American International Group (AIG) was in the market with the first of two new residential mortgage-backed securities worth a total of $1.8B, priming the pump for the return of so-called private-label mortgage-backed securities

Sanofi-Aventis (SNY) announced that the National Institute for Health and Clinical Excellence, or NICE, in England and Wales, published a new appraisal consultation document, or ACD, for Multaq, or dronedarone, indicating its intention to recommend Multaq use for the management of patients with atrial fibrillation, or AF..

.Incheon Metropolitan City and Cisco (CSCO) announced that they will collaborate in building Incheon Free Economic Zone into a high-tech, globally competitive and environmentally sustainable smart connected city, and in supporting continued innovation in Korea...

Transaction Network Services (TNS) is partnering with Blue Bamboo to enable ISOs, acquirers and processors across North America to offer their customers the ability to accept credit and debit payments through smartphone devices..

Category:

News & Politics

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