GLOBAL MARKETS

March Madness Could Cost Employers 8 Mln Hours: Challenger

Extra games and wider access to coverage of the NCAA men's basketball championship (also known as March Madness) on smart phones and tablets could increase workplace distractions, according to consultancy firm Challenger, Gray & Christmas, Inc.
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Velti Initiated At 'Buy': Jefferies

Jefferies & Co. initiated its rating on shares of Velti Plc (NASDAQ: VELT) with a buy rating and a price target of $16.50. The company's unique advantage is that it offers customers the ability to deploy mobile marketing campaigns on a global basis, the brokerage said.
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Talecris Biotherapeutics Shares Hit New High

Shares of Talecris Biotherapeutics Holdings Corp. (NASDAQ: TLCR) touched a new 52-week high of $25.80 on Tuesday. The biotechnology company's stock has been rising since Thursday when it received orphan drug designation from the European Commission for the development of Plasmin, derived from human plasma, to treat acute peripheral arterial occlusion.
Blackberry 9800 - the 'Torch'

RIM Profit View Lowered at Barclays

Barclays Capital has cut its profit estimates of BlackBerry maker Research In Motion, saying that low-end strength and aging products should lower average selling price.

iPad 2 Keeps Apple Ahead

Barclays Capital said its sales estimates for iPad 2 are likely conservative for Apple Inc.'s March quarter because of early shipment date. The brokerage still expects that competitors will find it tougher to compete with Apple in tablets than in phones given the integration of iTunes and Apple’s expertise in design and battery life.

Global Markets overview 09/03/2011

U.S. stocks ended higher on Tuesday, as oil prices eased to below $105 a barrel and financials rallied on upbeat profit forecast from the Bank of America.
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World Market Overview 09/03/2011

U.S. stocks rallied on the back of strength in financial shares after a drop in oil prices on reports that Libyan leader Moammar Gaddafi may be negotiating an exit from the country.
Traders work on the floor of the New York Stock Exchange

Global Markets Overview 08/03/2011

U.S. stocks advanced on Tuesday as oil prices eased to below $105 a barrel and financials rallied after Bank of America announced plans to increase dividends in the second half of the year.
Traders work on the floor of the New York Stock Exchange

US stocks gain as oil retreats, banks rally

U.S. stocks advanced on Tuesday as oil prices eased to below $105 a barrel and financials rallied after Bank of America announced plans to increase dividends in the second half of the year.
Starbucks

Single Serve Coffee Is a Good Bet for Starbucks

Single serve coffee represents a meaningful opportunity for Starbucks Corp. (NASDAQ: SBUX) as it is a $4 billion a year market globally with US growing rapidly from its current base of about $100 million, according to RBC Capital Markets.
M&A

Banking M&A to Heat Up in 2011: Analysts

The merger and acquisition activity in the banking sector is expected to pick up in 2011 as banks are expected to face several revenue growth headwinds in the coming days.
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Xyratex's Hard Disk Drive Segment Under Pressure: Analyst

Xyratex Ltd.'s (NASDAQ: XRTX) hard disk drive-related business segment Storage Infrastructure is currently under pressure from continued, weak demand and excess supply for 2.5-inch (i.e. notebook) drives, according to RBC Capital Markets.
Canola or rapeseed

Monsanto to make equity investment in algae fuel start-up Sapphire Energy

Monsanto Co. (NYSE: MON) said it will make an equity investment in San Diego-based algae fuel start-up Sapphire Energy Inc. to identify genes that positively affect growth in algae, which might have applicability in modern agriculture. Financial details of the agreement were not disclosed.

Global Tablet Revenue to Grow to $70 bln by 2014

RBC Capital Markets expects tablet market to reach 185 million units in calendar 2014, up 83 percent compound annual growth rate (CAGR) from 17 million in calendar 2010. RBC Capital forecasts global tablet revenue to increase from $11 billion in calendar 2010 to nearly $70 billion in calendar 2014.
IBM to provide Microprocessors to Nintendo as the core of Wii U

IBM Analyst Day Likely to Focus on 2015 Roadmap

IBM would be hosting its Analyst Day today at its Thomas J. Watson Research Center in Yorktown Heights, New York at 10 am EST that is likely to focus on 2015 roadmap, according to Barclays Capital.
A sign marks the headquarters of Genzyme in Cambridge

Genzyme Shares Hit New High as Board Recommends Sanofi's Revised Offer

Shares of Genzyme Corp. (NASDAQ: GENZ) touched a new 52-week high of $75.90 on Monday. The biotechnology firm's board has unanimously recommended to its shareholders to accept the latest sweetened offer from French drug giant Sanofi-Aventis SA (NYSE: SNY) and to tender their shares into the revised offer.

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