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  Archived JAGNotes For Wednesday, September 1, 2010
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Notes Posted On -- Wednesday September 01,2010

1)  08:03 am ET  The New York Times
TV News for Early Risers (or Late-to-Bedders) - The new battleground for stations is the morning, with news broadcasts going on air at 4:30 a.m. or earlier.

Strong Exports Lift U.S. Agriculture Sector - The export growth is propelled by higher prices for many products, including wheat, whose prices have skyrocketed as drought and heat decimated crops in Russia.

Data Show China Growth Merely Moderating - Manufacturing activity in China picked up a notch in August, figures released on Wednesday showed, supporting the view that the country`s economy is by no means screeching to a halt.

Staff Losses and Dissent May Hurt Crisis Panel - The group examining the causes of the financial crisis hopes to produce a report by Dec. 15 that will influence future policies, but squabbles and turnover are hampering its efforts.

To Win Over Users, Gadgets Have to Be Touchable - Researchers say that touch screens are the start of a trend to make computers more open to human gestures.

Old G.M. Being Sold for Parts - Motors Liquidation Company, the home of General Motors' shuttered plants and other unwanted assets, is gradually cleaning them up and selling them off.

A Greener Champagne Bottle - France's Champagne industry is trying to cut the carbon dioxide it emits transporting billions of tiny bubbles around the world.

New Job Means Lower Wages for Many - Job growth is increasingly polarized between high-paid occupations demanding education and training and low-wage, service-type jobs

2)  08:07 am ET  The Wall Street Journal
Burger King in Talks Over Possible Sale - Burger King has been in talks with private-equity firms about a possible sale. The status of the talks is unclear but one interested firm was 3i Group, a British private-equity firm.

Back-to-School Shopping a Bust - Shoppers spent slightly more last month than they had the year before, but sales were far short of 2008 levels, heralding what could be a disappointing holiday shopping season.

Patent Claims Dog Product Makers - Recent court rulings could pave the way for hundreds of lawsuits -- and potentially massive awards -- against major companies over expired patents.

Currency Trading Soars - Currency trading volume around the world has hit $4 trillion a day, fueled by investors in the wealthiest nations looking to diversify beyond their home markets in a time of economic turmoil.

Whirlpool to Invest in U.S. Plants - Whirlpool`s plans for a new Tennessee plant highlight a shift by export-driven U.S. manufacturers away from low-cost locales overseas to highly automated and consolidated U.S. operations.

China`s Rebound Eases Slump Fears - China`s manufacturing rebounded in August, countering weakness in some other Asian economies and suggesting the region`s growth won`t slow down.


FDIC: 829 U.S. Banks at Risk - More than a tenth of U.S. banks remain at risk of failure even as some industry indicators, including credit quality, show signs of revival.

Sprint Faces 4G Dilemma
- Sprint`s board is debating whether to let rival cellphone operator T-Mobile USA invest in Clearwire, as the carrier decides how to fund its 4G network expansion.

Citigroup to Expand in China - Citi plans to nearly triple its workforce in China to about 12,000 people during the next three years
3)  08:08 am ET  USA Today
Stocks have worst August since 2001; Dow, S&P drop more than 4%

AP: JPMorgan Chase halting proprietary trading - A source familiar with the situation says JPMorgan Chase is shutting down its proprietary trading desks and eliminating dozens of jobs to...

Fed minutes show debate about how to spark economy - Some Fed officials worried a move to keep the Fed balance sheet from shrinking would "send an inappropriate signal" that pump-priming is...

Home prices rose in June, but gains not expected to last - Home prices rose in June as the end of a federal tax credit helped bolster demand, but high supplies of unsold homes threaten further gains.

FDIC: Profits up, bad loans down in 2nd quarter at banks - Bank profits rebounded in the second quarter, led by the biggest institutions. But many small and midsize banks continued to struggle.

4)  08:12 am ET  Benchmark
(CRDN)  Upgrade  The firm upgraded shares from Hold to Buy with a price target of $26.  
5)  08:13 am ET  MKM Partners
(ANN)  Initiated  The firm initiated coverage of the shares with a Buy rating and price target of $21.  
6)  08:14 am ET  Rodman & Renshaw
(CAGC)  Initiated  The firm initiated coverage of the shares with a Market Outperform rating and price target of $20.  
7)  08:16 am ET  Kaufman Bros., L.P.
(AIXG)  Initiated  The firm initiated coverage of the shares with a Buy rating and price target of $34.  
(VECO)  Initiated  The firm initiated coverage of the shares with a Buy rating and price target of $56.  
8)  08:17 am ET  Keybanc Capital Mkts
(KOP)  Resumed  The firm resumed coverage of the shares with a Buy rating and price target of $28.  
9)  08:17 am ET  Kaufman Bros., L.P.
(CREE)  Resumed  The firm resumed coverage of the shares with a Hold rating and price target of $58.  
10)  08:18 am ET  Brean Murray
(ISLE)  Lowering Target  The firm has a Buy rating and lowered its price target on the shares from $13 to $10.  

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