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  Archived JAGNotes For Friday, September 3, 2010
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Notes Posted On -- Friday September 03,2010

1)  08:20 am ET  The New York Times
BP Says Limits on Drilling Imperil Oil Spill Payouts - The company, which had committed to setting aside $20 billion for
damage claims and penalties, says proposed legislation could disrupt those efforts.



An Oil Platform Burns, Blanketing the Gulf With Angst - The mishap sent waves of anxiety along a coast that has just begun to
recover from the Deepwater Horizon disaster.

European Shares Higher Ahead of U.S. Jobs Report - Sentiment in the markets has improved over the last couple of days after
a run of strong economic data from around the world.


YouTube Ads Turn Videos Into Revenue - YouTube is expected to turn a profit this year, on revenue of about $450 million,
with help from its onetime critics.


Bernanke Says He Failed to See Financial Flaws - The Federal Reserve chairman also said it was impossible for the government
to save Lehman Brothers in 2008.


Employers Push Costs for Health on Workers - Employers passed all of the increases in insurance premiums this year to their
employees, a survey found.


Discounts Help Lift Back-to-School Sales - Retail sales rose 3.3 percent, more than forecast. But the results are measured
against a weak month a year ago.


Strong Yen Helps to Fuel Germany's Export Boom - European companies tend to focus on the dollar exchange rate, but the
yen's recent strengthening is playing a role in Germany's export boom as well.


Toyota Feels Exchange-Rate Pinch as Rivals Gain - For all the turmoil over Toyota`s wave of recalls, the world`s largest
automaker may face a bigger problem: the surging yen.


Putin Extends Ban on Russian Grain Exports - Prime Minister Vladimir V. Putin announced Thursday that Russia's ban on grain
exports would be extended well into next year because of continued uncertainty over production.
2)  08:24 am ET  The Wall Street Journal

H-P Outguns Dell In Takeover Duel - It wasn`t the biggest bidding war the tech world has ever seen, but the battle between titans H-
P and Dell for a humble maker of data-storage systems certainly qualified as one of the wildest ever.

Countrywide`s Case of Full Disclosure - When does a company that has made financial disclosures fail to satisfy disclosure
requirements?

Retailers Top Lukewarm Forecast - Retailers delivered a late-summer surprise, with sales for the key back-to-school shopping month
coming in better than expected. Same-store sales at chains like Costco, Macy`s and Nordstrom beat expectations.


Bernanke Defends Record On Lehman - Fed chief Ben Bernanke told a panel that he had no options to prevent Lehman Brothers`
failure in September 2008 even though he knew its downfall would be "catastrophic."


TPG Sells Ping An Stake for $1.16 Billion - TPG sold its remaining stake in Ping An Insurance for $1.16 billion in the latest example of
how the U.S. company is reaping profits from its investments in Asia.


BP Spill Costs Reach $8 Billion - BP said it has spent around $8 billion in response to the massive oil spill in the Gulf of Mexico and
expects to resume its relief-well drilling shortly.


BK`s Strategy: Play Catch-Up - Burger King Holdings agreed to a $3.3 billion leveraged buyout by private-equity firm 3G Capital
Management that proposes to reinvigorate the struggling hamburger chain by accelerating its international expansion.


A New Digital Battlefield - TV shows are emerging as a new front in the war over digital media between Amazon.com and Apple amid
their ongoing battles over electronic books and online music.


Toshiba to Launch New Tablet Computer - Toshiba said that it will release by year-end a tablet computer that runs on Google`s
Android operating system as the company aims to compete with Apple`s iPad.


Roche Launches Cost-Cutting Plan - Roche said it has launched a cost-cutting and efficiency plan in the wake of increased price
pressures and a series of drug-development setbacks.


Employers Raise Workers` Share of Health Costs - Employers passed health-insurance costs onto employees at a sharply higher rate
this year, and businesses` premiums grew more slowly than they have in a decade, according to an annual survey.
3)  08:26 am ET  USA Today

Coming soon to a state park near you: Corporate logos

PG&E`s smart meters work fine, independent study says


Midcap funds can get investors in on the merger action - What`s the best way to take advantage of cash-rich
companies? One way is through mergers and acquisitions.

Workers bear larger share of health care premium costs - Workers are paying a larger portion of their health
insurance costs as businesses shift more of the burden to their employees to help ride...

Google, Skype targeted in India security crackdown to obtain users` data - India has widened its security
crackdown, asking all companies that provide encrypted communications not just BlackBerry-maker Research
In...

More Democrats lean against tax increases for the rich -
Congress seems increasingly reluctant to let taxes go up, even on wealthier Americans.
4)  08:31 am ET  Oppenheimer & Co. Inc.
(INFA)  Raised Target  Oppenheimer has a Outperform rating and increased its price target on the shares from $32 to $36.  
(ULTA)  Raised Target  The firm has a Outperform rating and increased its price target on the shares from $28 to $30.  
5)  08:46 am ET  Keybanc Capital Mkts
(BKE)  Upgrade  The firm upgraded shares from Underweight to Hold.  
(GRA)  Initiated  The firm initiated coverage of the shares with a Buy rating and price target of $36.  
6)  08:47 am ET  Kaufman Bros., L.P.
(TLEO)  Raised Target  The firm has a Hold rating and increased its price target on the shares from $25 to $27.  
7)  08:49 am ET  Stifel Nicolaus
(KSP)  Upgrade  Stifel Nicolaus upgraded K-Sea Transportation (KSP) from Sell to Hold.  
8)  08:50 am ET  Ardour Capital
(FCEL)  Lower Target  The firm has a Accumulate rating and lowered its price target on the shares from $3.50 to $2.25.  
9)  08:51 am ET  Stifel Nicolaus
(FNSR)  Raised Target  The firm has a Buy rating and increased its price target on the shares from $20 to $23.  
(MU)  Lower Target  The firm has a Buy rating and lowered its price target on the shares from $21 to $17.  
10)  08:54 am ET  Gabelli
(LAYN)  Upgrade  The firm upgraded shares from Hold to Buy on valuation.  

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