When you can no longer rely on the Swiss to make watches -
) endured its single worst session in almost two years last week -
Brazil turns its back on soccer
, as hometown hero
Gol Linhas AÃ©reas Inteligentes
) tumbled 20.39%, all is clearly not right with the world.
A building called the
"Cheesegrater" became the tallest in London's
and, right on cue, Britain's
FTSE 100 Index
(INDEXFTSE:UKX) had its worst week in 13 months. Similarly showing
that Mr. Market retains his mischievous sense of humor,
in-flight Wi-Fi provider
) plunged 5.88% in its initial public offering, just as our skies
becoming more friendly for approved electronic
) nose-dived 9.5% as the yellow metal hit its lowest level since
2010. This despite the best efforts of
newspaper, which announced that the visiting Bill Clinton "
played a round of gold in St Andrews
There are no top-tier economic reports or earnings announcements
expected today, although the pace of each will pick up notably as
the week progresses.
) Shares of the Botox maker are off about 1% in today's pre-market
trading after being downgraded by both Deutsche Bank (Hold from
Buy) and Leerink Swann (Market perform from Outperform.) Possible
generic competition for Restasis is a risk.
Anheuser-Busch InBev NV
(BUD): SociÃ©tÃ© GÃ©nÃ©rale moves the brewing behemoth to Hold from
Deere & Company
(DE): The tractor titan gets taken to Underweight from Neutral at
JPMorgan, sending it tumbling roughly 2% this morning.
Illinois Tool Works Inc.
(ITW): Shares get slashed to Sell from Neutral at Goldman Sachs.
Landstar System, Inc.
(LSTR): LSTR is moved to Market Perform from Outperform with Wells
Teekay Offshore Partners L.P.
(TOO): Citigroup lowers the limited partnership to Neutral from
(WAG): Citing a plump current valuation, Cantor Fitzgerald cuts the
company to Hold from Buy. Its amended price objective is $49.
Warner Chilcott Plc
(WCRX): Jefferies reduces its rating on the British generic
drugmaker to Hold from Buy.
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