iftttwall

Dallas County Health Officials earlier noted at least one person who had been in contact with the first US ebola patient was also being tested for the deasdly virus. They subsequently backed off that statement (oddly). Governor Rick Perry will be holding a press conference later today to calm the public we are sure, but in the meantime, the CDC has issued a helpful Q&A to ensure Americans continued to fly, spend, and consume at their leisure and don’t worry about the plague…

 

Rumors conmtinue to swirl of a 2nd case…

 

And The CDC issues a Q&A on Ebola in America… (via AP)

U.S. health officials have warned for months that someone infected with Ebola could unknowingly carry the virus to this country, and there is word now that it has happened: A traveler in a Dallas hospital became the first patient diagnosed in the U.S.

Texas health officials said there were no other suspected cases in the state, and the Centers for Disease Control and Prevention immediately sought to calm fears that one case would spread widely.

“Ebola can be scary. But there’s all the difference in the world between the U.S. and parts of Africa where Ebola is spreading,” CDC Director Dr. Tom Frieden said, stressing that U.S. health workers know how to control the virus.

“There is no doubt in my mind that we will stop it here,” he told a news conference in Atlanta on Tuesday.

Some questions and answers about the case:

Q: Where did the traveler come from?

A: Liberia, the hardest-hit country in the West African epidemic. The patient left on Sept. 19 and arrived in the U.S. on Sept. 20 to visit family. Frieden wouldn’t release the man’s nationality or other identifying information, and didn’t know how he became infected.

Q: When did the patient get sick?

A: Last Wednesday, and he initially sought care two days later. He was released but returned Sunday when his condition worsened and Texas Health Presbyterian Hospital discovered the West Africa connection, admitting him under strict isolation. Tests confirmed Ebola on Tuesday.

Q: How does Ebola spread?

A: Only through close contact with the bodily fluids of someone who has symptoms, such as fever, vomiting and diarrhea. People aren’t contagious until symptoms begin. And Ebola cannot spread through the air.

Q: So who’s at risk?

A: Texas health officials already have begun tracking down those close contacts, believed to be mostly the relatives the man stayed with. Officials will check them for symptoms every day for 21 days. Frieden said only about a handful of people are believed to have been exposed.

Q: Could Ebola have spread on the airplane?

A: No, Frieden said, because the man wasn’t sick then. The CDC said there is no need to monitor anyone else on those flights and didn’t reveal flight information.

Q: Will the patient stay in Dallas?

A: Frieden said there’s no need to transfer the man to one of those special isolation units that have gotten so much attention for treating four American aid workers who caught Ebola while volunteering in West Africa. Most hospitals can follow the necessary infection control for Ebola, Frieden said, and the Dallas hospital said it was “well prepared” to safely treat this newest case.

As for those other patients, three have recovered; the fourth remains hospitalized in Atlanta.

Q: How will this patient be treated?

A: Good hydration and IV nutrition have proven to be key for those other patients. Frieden said the hospital was discussing experimental treatments. A Tekmira Pharmaceuticals drug called TKM-Ebola and blood transfusions from an Ebola survivor were given to one of the recently infected U.S. aid workers.

Q: Could there be more travelers with Ebola?

A: No one’s ruling it out. People boarding planes in the outbreak zone are checked for fever, but that does not guarantee that an infected person won’t get through.

Airlines are required to report any deaths on a flight or ill travelers meeting certain criteria to the CDC before arriving in the U.S. If a traveler is infectious or exhibiting symptoms during or after a flight, the CDC will conduct an investigation of exposed travelers and take any necessary public health action.

Q: What if I’m worried about exposure?

A: Call the CDC for more information at 800-CDC-INFO (800-232-4636).

*  *  *
So continue about your business… nothing to see here…

via Zero Hedge http://ift.tt/1rFMLlu Tyler Durden

Dallas County Health Officials earlier noted at least one person who had been in contact with the first US ebola patient was also being tested for the deasdly virus. They subsequently backed off that statement (oddly). Governor Rick Perry will be holding a press conference later today to calm the public we are sure, but in the meantime, the CDC has issued a helpful Q&A to ensure Americans continued to fly, spend, and consume at their leisure and don’t worry about the plague…

 

Rumors conmtinue to swirl of a 2nd case…

 

And The CDC issues a Q&A on Ebola in America… (via AP)

U.S. health officials have warned for months that someone infected with Ebola could unknowingly carry the virus to this country, and there is word now that it has happened: A traveler in a Dallas hospital became the first patient diagnosed in the U.S.

Texas health officials said there were no other suspected cases in the state, and the Centers for Disease Control and Prevention immediately sought to calm fears that one case would spread widely.

“Ebola can be scary. But there’s all the difference in the world between the U.S. and parts of Africa where Ebola is spreading,” CDC Director Dr. Tom Frieden said, stressing that U.S. health workers know how to control the virus.

“There is no doubt in my mind that we will stop it here,” he told a news conference in Atlanta on Tuesday.

Some questions and answers about the case:

Q: Where did the traveler come from?

A: Liberia, the hardest-hit country in the West African epidemic. The patient left on Sept. 19 and arrived in the U.S. on Sept. 20 to visit family. Frieden wouldn’t release the man’s nationality or other identifying information, and didn’t know how he became infected.

Q: When did the patient get sick?

A: Last Wednesday, and he initially sought care two days later. He was released but returned Sunday when his condition worsened and Texas Health Presbyterian Hospital discovered the West Africa connection, admitting him under strict isolation. Tests confirmed Ebola on Tuesday.

Q: How does Ebola spread?

A: Only through close contact with the bodily fluids of someone who has symptoms, such as fever, vomiting and diarrhea. People aren’t contagious until symptoms begin. And Ebola cannot spread through the air.

Q: So who’s at risk?

A: Texas health officials already have begun tracking down those close contacts, believed to be mostly the relatives the man stayed with. Officials will check them for symptoms every day for 21 days. Frieden said only about a handful of people are believed to have been exposed.

Q: Could Ebola have spread on the airplane?

A: No, Frieden said, because the man wasn’t sick then. The CDC said there is no need to monitor anyone else on those flights and didn’t reveal flight information.

Q: Will the patient stay in Dallas?

A: Frieden said there’s no need to transfer the man to one of those special isolation units that have gotten so much attention for treating four American aid workers who caught Ebola while volunteering in West Africa. Most hospitals can follow the necessary infection control for Ebola, Frieden said, and the Dallas hospital said it was “well prepared” to safely treat this newest case.

As for those other patients, three have recovered; the fourth remains hospitalized in Atlanta.

Q: How will this patient be treated?

A: Good hydration and IV nutrition have proven to be key for those other patients. Frieden said the hospital was discussing experimental treatments. A Tekmira Pharmaceuticals drug called TKM-Ebola and blood transfusions from an Ebola survivor were given to one of the recently infected U.S. aid workers.

Q: Could there be more travelers with Ebola?

A: No one’s ruling it out. People boarding planes in the outbreak zone are checked for fever, but that does not guarantee that an infected person won’t get through.

Airlines are required to report any deaths on a flight or ill travelers meeting certain criteria to the CDC before arriving in the U.S. If a traveler is infectious or exhibiting symptoms during or after a flight, the CDC will conduct an investigation of exposed travelers and take any necessary public health action.

Q: What if I’m worried about exposure?

A: Call the CDC for more information at 800-CDC-INFO (800-232-4636).

*  *  *
So continue about your business… nothing to see here…

via Zero Hedge http://ift.tt/1rFMLlu Tyler Durden

It is not a good morning for Bill Ackman’s Pershing Square or Bruce Berkowitz’s Fairholme Capital, or the US government for that matter, of course, which happen to be the three largest investors in Fannie Mae:

 

The reason: FNM stock, which at last check, was crashing by nearly 60%.

 

So why is FNM plunging? Perhaps a better question is why they soared as much as they did in the first place. 

For the answer we go to Bill Ackman and his jolly copycat groupies. As Bloomberg reminds us, Ackman, speaking at the 19th annual Sohn Investment Conference in New York, said Fannie Mae could be worth $23 to $47 a share over time, where he referred to a 110-slide presentation on the mortgage companies. 

More:

Pershing Square has about 11 percent economic exposure to Fannie Mae and Freddie Mac shares based on common stock outstanding, a stake first disclosed last year. While lawmakers are weighing methods to wind down the companies, Ackman said mortgage rates would jump without the government-sponsored enterprises.

 

“There is no viable alternative,” to Fannie Mae and Freddie Mac, Ackman said today in a Bloomberg Television interview with Stephanie Ruhle after the Sohn presentation. “Preserving the 30-year prepayable fixed-rate mortgage — it’s like the bedrock of the housing system — is critical.

We think the only way to do it is by preserving Fannie and Freddie.”

$23 to $47… or zero. Because while there may be no viable alternative, Ackman forgot one key thing: his adversary is the US government, a place where making trillionaires out of billionaires is not exactly in fashion right now. And that is precisely what would have happened if the Ackmanites had gotten their way in litigation that would assure that private stakeholders would get all the benefits of the GSE bailout with none of the downside risk (because after all these were, are and always will be guaranteed by the US government).

Then this happened.

As AP reports, late yesterday a federal judge on Tuesday ruled against investors who are trying to collect billions of dollars in profits of government-chartered mortgage companies Fannie Mae and Freddie Mac. The decision by U.S. District Judge Royce Lamberth to dismiss the investors’ lawsuits was a victory for the government. It was also a huge hit to the litigants case, and is the reason why as of right now, Pershing Square is worth a few hundred million less (and it will be worth far less if and when the SEC cracks down on Ackman’s illegal purchase of Allergan calls).

More from AP:

“There can be no doubt” that the investors understood the risks involved in investments in closely regulated companies such as Fannie Mae and Freddie Mac, Lamberth wrote, and therefore have no reasonable expectation of profiting.

 

During the recent mortgage crisis, the government pumped $187 billion into the troubled companies, which have since recovered and now have quarterly profits running into the billions.

 

Recovering money for itself, the government is collecting a dividend amounting to nearly every dollar of the companies’ net worth. That leaves nothing for private investors who had put money into the companies when they faced collapse.

 

Investors had hoped lawmakers or the courts would force the government to give up rights to the earnings. Among those suing the government are hedge fund firm Perry Capital LLC and mutual fund company Fairholme Capital Management LLC.

And while we don’t feel bad for billionaires Ackman, Perry, Fairholme et al, we do commisserate with all those piggybackers who thought that Ackman’s 110 slides on the matter were enough. Clearly, they weren’t.

via Zero Hedge http://ift.tt/1ozjy8u Tyler Durden

While yesterday’s CDC press conference was factual, it was clearly very much designed to avoid panic as time and again the US public was reassured that Ebola in America was ‘contained’, ‘hard to contract’, and would ‘stop here’. However, as Bloomberg reports, the man with Ebola in Dallas was initially sent home from the hospital with antibiotics after seeking treatment for an unknown illness, officials said. We know CDC has stated the need for the US to be prepared but the fact that after the patient sought medical care on Sept. 26 and was sent home with antibiotics, he returned in an ambulance to Texas Health Presbyterian two days later and was admitted, suggests US healthcare workers are not prepared for the possibilities that Ebola is here in America (as this is the 13th possible case in the US).

 

As Bloomberg reports,

A man with Ebola in Dallas was initially sent home from the hospital with antibiotics after seeking treatment for an unknown illness, officials said.

 

…

 

The man is being kept in isolation in an intensive care unit. He had no symptoms when he left Liberia and began to show signs of the disease on Sept. 24, the CDC said. He sought care on Sept. 26, was hospitalized two days later at Texas Health Presbyterian Hospital and is critically ill, said CDC Director Thomas Frieden.

Do not worry though…

“There is no doubt in my mind that we will stop it here,” Frieden said at a press conference in Atlanta.

 

The man was traveling to the U.S. to visit family and was staying with them. He was exposed to only a “handful” of people during the time when he had symptoms, including family members and possibly some community members, according to Frieden, who said there was little risk to anyone on his flight.

 

“Ebola doesn’t spread before someone gets sick, and he didn’t get sick until four days until after he got off the airplane,” Frieden said. “So we don’t believe there was any risk to anyone on the flight at that time.”

 

…

 

“It’s not a potential of Ebola spreading widely in the U.S.,” Frieden said on a July 31 conference call with reporters. “That is not in the cards.”

 

…

 

“There shouldn’t be any new infections from this point on,” Osterholm said. “We are going to shut this down.”

Finally…

Another suspected Ebola case is being evaluated at a National Institutes of Health facility, U.S. officials said, the 13th such possible infection in the U.S. All others have tested negative.

*  *  *
Contained?

via Zero Hedge http://ift.tt/1DZGec2 Tyler Durden

Despite Mark Zandi's promises that all is well in the US economy, ADP had dropped (and missed) two months in a row prior to today's print but a very small rise and beat this month (213k vs 205k expected and 205k previous) shows some stability. Of note is that this print is no better than the average ADP job change over the last four years. On the bright side small businesses add the most jobs while medium-sized businesses added the least. Of potential note to this somewhat 'meh' jobs data, yesterday's Consumer Confidence data showed a disappointing plunge in Jobs-Plentiful vs Jobs-Not-Plentiful which suggests Friday's all-important payrolls print may not be as exuberant as expected.

 

Small rise and beat shows escape velocity still a long way off…

 

An alternative perspective…

 

Charts: Bloomberg

via Zero Hedge http://ift.tt/1v4GzUp Tyler Durden

• European Bond Yields Go Negative (WSJ)
• Traveler from Liberia is first Ebola patient diagnosed in U.S. (Reuters)
• Hong Kong Protesters Step up Pressure on Leung to Quit (BBG)
• JPMorgan to face U.S. class action in $10 billion MBS case (Reuters)
• Turkey mulls military action against Islamic State (Reuters)
• Singapore Home Prices Fall for Fourth Straight Quarter on Curbs (BBG)
• Italy’s Economic Woes Highlight Dilemma for European Central Bank (WSJ)
• Advanced iOS virus targeting Hong Kong protestors (Reuters)
• Fed Scrutiny of Leveraged Loans Grows Along With Bubble Concern (BBG)
•  Mosquito Virus That Walloped Caribbean Spreads in U.S. (BBG)
• But they were only overoptimistic: U.K. Regulator Investigates Tesco Accounting Error (WSJ)
• Scraping the bottom of the barrel: Apple Said to Add Gold Option to IPad to Goose Sales (BBG)
• Yesterday it was ISIS; Today it is Ebola. Tomorrow it will be… U.S. Takes Asteroid Threat Seriously (WSJ)
• Mayor of Los Angeles Suburb Is Shot to Death in His Home (BBG)
• U.S. lawmakers rebuke Secret Service over White House breach (Reuters)
• Putin Reserve Rubles Vanish in Crimea Grab (BBG)
• UPS-FedEx Ratio Offers Bet on U.S. Economy (BBG)

 

Overnight Media Digest

WSJ

* The Secret Service came under withering criticism over the recent White House security breach and amid new revelations that an armed felon rode an elevator with President Barack Obama days earlier. (http://on.wsj.com/1oxm0fC)

* Federal health officials have confirmed that a patient being treated at a Dallas hospital has tested positive for Ebola. (http://on.wsj.com/1CFVh94)

* A district-court judge dismissed claims brought against the federal government and U.S. officials for a decision to sweep nearly all of the profits of Fannie Mae and Freddie Mac to the U.S. Treasury. (http://on.wsj.com/1yyBlGy)

* Coming competition in paying for everyday purchases with smartphones, including an aggressive entry from Apple Inc , pushed online retailer eBay to reverse course and set free its PayPal unit. (http://on.wsj.com/1vvINNZ)

* Daniel Ivascyn, who was named Pacific Investment Management Co’s group chief investment officer last week after Bill Gross abruptly quit, said he is still sitting among his colleagues in the middle of the trading floor, rather than at the head of the room where Gross sat. (http://on.wsj.com/1xzCvjC)

* European Union regulators said they believe that tax deals granted to Apple in Ireland and Fiat in Luxembourg constitute illegal state support for the companies. (http://on.wsj.com/1pF1Rnc)

* Investors got an early peek at Puerto Rico’s plan to raise $900 million in its first bond sale since March, with the publication of some bond information on a website. (http://on.wsj.com/1ppsjSO)

* U.S. office rents and occupancies inched higher in the third quarter, as a gradual improvement in the overall economy is translating into a sluggish recovery in the office sector. (http://on.wsj.com/1rKj6cy)

* Oil companies and railroads have united to fight some proposed federal rules on oil-train safety after a year of pointing fingers at each other over explosive accidents. Industry groups representing railroads and energy companies on Tuesday told the U.S. Transportation Department that they need more than two years to build safer railcars to haul crude. (http://on.wsj.com/1ubRgqa)

* The Federal Communications Commission is adopting a hard-sell strategy for next year’s spectrum incentive auction in an effort to entice reluctant broadcasters to participate. At the auction, TV stations will take bids to sell their airwaves and either go out of business or be relocated to a new channel. (http://on.wsj.com/1DYbzf9)

* BlackRock Inc faces a possible fine in Germany for misrepresenting its stakes in almost 50 of the country’s largest companies over several years, after the asset manager restated its holdings Tuesday. (http://on.wsj.com/1rKmZOx)

 

FT

* Mario Draghi will push the European Central Bank to buy sets of Greek and Cypriot bank loans which have “junk” ratings, in a move that will increase tensions between Germany and the bank.

* A German regulator told Google Inc on Tuesday that profiling its users without their explicit consent is a breach of customer privacy. The regulator asked the company to take steps to ensure that users will be able to control the amount of data which is used for profiling.

* Deutsche Bank is withholding several million euros in bonuses from some current and former executives, as it tries to hold senior staff responsible for a number of expensive legal and regulatory problems.

* The UK Groceries Code Adjudicator, Christine Tacon, has asked Tesco Plc to inform her immediately if the company uncovers anything in its investigation relating to a 250 million pound ($405.35 million) profit overstatement that would breach the code that governs how supermarkets deal with their suppliers.

* The European Commission has argued that Ireland gave sustained state aid to Apple Inc. The commission claimed that in 1991 Ireland gave the iPad-maker favourable and potentially illegal terms which were apparently “motivated by employment considerations”.

 

NYT

* EBay Inc announced on Tuesday that PayPal would be spun off as a separate publicly traded company, letting each of eBay’s two main businesses chart its own course while maintaining most of their important business ties. (http://nyti.ms/1rKkufb)

* In a warning shot to companies shopping for tax deals around the globe, the European Commission publicly accused Ireland on Tuesday of giving illegal subsidies to Apple Inc and cautioned that the country might need to collect back taxes from the company, which outside analysts said could reach into the billions of dollars. (http://nyti.ms/1ubOYHB)

* The Securities and Exchange Commission on Tuesday accused two men of possessing confidential information about plans by Pershing Square Capital Management to attack Herbalife Ltd . (http://nyti.ms/1rqS1Mo)

* Johnson & Johnson said on Tue
sday that it would pay $1.75 billion in cash for Alios BioPharma, a private biotechnology company that is working on treatments for viral diseases. (http://nyti.ms/1pptr8M)

* News Corp, the publishing company controlled by Rupert Murdoch, agreed on Tuesday to buy Move Inc, an operator of real estate listings websites, for $950 million in cash, as the newspaper publisher continues to branch out into new businesses. (http://nyti.ms/1qTSRuK)

* Remind, a start-up that links teachers and parents, said on Tuesday that it had raised $40 million from existing investors, led by Kleiner Perkins Caufield & Byers and joined by the Social+Capital Partnership and First Round Capital. (http://nyti.ms/1sMBJ1A)

* Consulting firm Bogdahn Group, which advises public and private pension funds that collectively hold more than $40 billion in assets, has counseled that its clients should withdraw their money from Pimco funds that had been managed by Bill Gross.

 

Canada

THE GLOBE AND MAIL

** German engineering group Siemens AG and Alberta construction company Studon Electric & Controls Inc, two companies on the Canadian federal government’s list of employers that rely heavily on temporary foreign workers, are asking Ottawa to retract and correct information they say is false and potentially damaging. (http://bit.ly/1BzqCba)

** Toronto mayoral candidate Doug Ford is continuing to target his attention at front-runner John Tory in the race to be mayor, releasing new radio ads directed at the former provincial PC leader and promising, if elected, to roll back the land transfer tax and speak up for often overlooked parts of the city such as Scarborough. (http://bit.ly/1rESt78)

** Ford Motor Co of Canada Ltd is adding 1,000 new jobs at its assembly plant in Oakville, Ontario, to build the redesigned Ford Edge crossover for global markets. The jobs are being created as the auto maker prepares to launch the new version of the vehicle early next year. (http://bit.ly/1vwpUKI)

NATIONAL POST

** Canadian Prime Minister Stephen Harper left little doubt on Tuesday that MPs would shortly be called upon to approve a government proposal to go to war against the Islamic State of Iraq and Al Sham. A U.S. request for Canada to step up its involvement in the military campaign against the extremist group was the subject of closed-door presentations and a lengthy exchange in the House of Commons, although Harper said so decision had been made yet. (http://bit.ly/1yyRCLD)

** Toronto mayoral candidate Olivia Chow promised on Tuesday to create 3,000 more child care spaces, including 1,500 subsidized spots, if she is elected mayor, and then fielded questions about how she plans to arrest her downward trajectory in the polls. (http://bit.ly/1rLacLL)

** The National Energy Board confirmed on Tuesday that it is investigating Plains Midstream Canada, an indirect subsidiary of pipeline company Plains All American Pipeline LP, which has been closely monitored by the Alberta Energy Regulator over two oil spills in the province dating back to 2011. An NEB spokeswoman said that Calgary-based Plains Midstream is not in compliance with a corrective action plan the NEB first demanded from the company after a 2010 audit. (http://bit.ly/1uALP5v)

 

 

Britain

The Times

British warplanes launched their first air strikes at Islamic State targets in Iraq as the air campaign against the jihadists intensified. Two Tornados fired a precision-guided bomb and a missile in support of Kurdish forces who are fighting Islamist militants in the northwest of the country. (thetim.es/1pEIlHD)

Consumers have been warned that they may have to pay annual charges on debit and credit cards, as EU regulations threaten to end free banking in Britain. Economists fear that bank customers could also be charged to use cash machines and hold current accounts if plans to impose caps on the fees that card companies impose on retailers go ahead. (thetim.es/1mNo4EQ)

The Guardian

David Cameron will on Wednesday try to prevent the health service becoming Labour’s election-winning weapon when he guarantees that a majority Conservative government will protect the English NHS budget in real terms from 2015 to 2020. (bit.ly/1nHy6rH)

The wife of the Manchester taxi driver held hostage by Islamic State militants has begged the group to spare his life and allow him to return to his family. The emotional televised appeal by Barbara Henning was arranged by the Foreign Office on Tuesday, shortly before the Ministry of Defence announced that RAF aircraft had bombed Isis targets for the first time. (bit.ly/1wVOTYd)
 

The Telegraph

Magic 105.4 Radio DJ Dr Fox has been arrested on suspicion of historic sex assaults against two women, just after coming off-air from his radio show. The 53 year-old was detained at the station’s central London studios, where he was presenting his daily breakfast show, just after coming off-air at 10 am on Tuesday. He remained in custody until being bailed late on Tuesday. (bit.ly/1Bz4lKq)

The United Kingdom is 1,000 times more important than the European Union, Britain Prime Minister David Cameron has said. He added that he would not be heartbroken if Britain left the EU and the referendum on membership was a matter of “pragmatism”. (bit.ly/1rJIsXZ)

Sky News

A 15-year-old British girl thought to be trying to join militants in Syria may have been radicalised online, according to family friends. The girl from Bristol is believed to have met up with a 17-year-old girl from London and travelled to Turkey, where they are trying to cross the border into Syria. (bit.ly/1vsWhJs)

Spending on illegal drugs and prostitution was worth an estimated 12.3 billion pounds ($19.9 billion) to the UK economy last year, according to figures from the Office of National Statistics. (bit.ly/ZpuJLc)

The Independent

Olive oil could help reverse a patient’s heart failure “immediately”, scientists have claimed. Oleate – the fat found in the golden liquid – could help a diseased heart pump blood more effectively and use body fat as fuel, researchers at the University of Illinois have found. (ind.pn/1uz2Zk7)

A British student found dead in Thailand was raped by two men while another watched before she was murdered, police have said. No suspects have yet been arrested for killing Hannah Witheridge, 23, and 24-year-old David Miller but three people are believed to be involved. (ind.pn/1rrTstT)

 

Fly On The Wall Pre-Market Buzz

ECONOMIC REPORTS

Domestic economic reports scheduled for today include:
ADP employment change for September at 8:15–consensus 205K
Markit manufacturing PMI for September at 9:45–consensus 57.9
ISM manufacturing for September at 10:00–consensus 58.5
Construction spending for August at 10:00–consensus up 0.5%

ANALYST RESEARCH

Upgrades

Allergan (AGN) upgraded to Buy from Hold at Stifel
Angie’s List (ANGI) upgraded to Market Perform from Underperform at Northland
DeVry (DV) upgraded to Buy from Hold at Deutsche Bank
Dynegy (DYN) upgraded to Buy from Hold at ISI Group
Exelon (EXC) upgraded to Buy from Hold at ISI Group
Hecla Mining (HL) upgraded to Buy from Hold at B
B&T
InvenSense (INVN) upgraded to Strong Buy from Buy at Needham
Janus Capital (JNS) upgraded to Buy from Hold at Jefferies
Masco (MAS) upgraded to Overweight from Neutral at JPMorgan
NRG Energy (NRG) upgraded to Strong Buy from Buy at ISI Group
Orbitz (OWW) upgraded to Outperform from Perform at Oppenheimer
Panera Bread (PNRA) upgraded to Buy from Hold at Wunderlich
TPG Specialty Lending (TSLX) upgraded to Outperform from Market Perform at Wells Fargo
Tyson Foods (TSN) upgraded to Neutral from Underperform at Credit Suisse

Downgrades

American Science & Engineering (ASEI) downgraded to Sell at CRT Capital
Comstock Resources (CRK) downgraded to Hold from Buy at Stifel
Dean Foods (DF) downgraded to Hold from Buy at BB&T
eBay (EBAY) downgraded to Hold from Buy at Jefferies
eBay (EBAY) downgraded to Market Perform from Outperform at JMP Securities
eBay (EBAY) downgraded to Neutral from Overweight at JPMorgan
Move, Inc. (MOVE) downgraded to Neutral from Buy at B. Riley
Tuesday Morning (TUES) downgraded to Neutral from Outperform at Credit Suisse

Initiations

Actinium Pharmaceuticals (ATNM) initiated with a Buy at MLV & Co.
Adeptus Health (ADPT) initiated with an Outperform at RBC Capital
Antero Resources (AR) initiated with a Buy at Stifel
Freeport McMoRan (FCX) initiated with a Buy at Brean Capital
Tyco (TYC) initiated with a Neutral at Goldman
Vistaprint (VPRT) initiated with a Buy at SunTrust

COMPANY NEWS

General Mills (GIS) said it would cut 700-800 jobs in connection with Project Catalyst
Family Dollar (FDO) said proceeding with plans to be acquired by Dollar Tree (DLTR)
Companies developing Ebola treatments rose after CDC confirmed U.S. Ebola case (TKMR, SRPT, NLNK, BCRX)
Retrophin (RTRX) appointed Stephen Aselage as interim CEO
Real Goods Solar (RGSE) announced strategy to exit large commercial business
Ford Canada (F) to add over 1,000 new jobs at Oakville Assembly plant

EARNINGS

American Realty (ARCP) sees FY15 AFFO $1.11-$1.14, consensus $1.15, revises FY14 AFFO view to $1.06-$1.08, consensus $1.10
Vornado (VNO) Q3 to include negative FFO of 9c from its 32.7% share of Toys “R” Us’
Synacor (SYNC) raises FY14 adjusted EBITDA view to ($1M)- breakeven from ($2.5M)-($1M), sees Q3 adjusted EBITDA ($0.5M)-$0.5M
1-800-Flowers.com (FLWS) now sees FY15 EPS 45c-50c, may not compare to consensus 28c
Westport (WPRT) lowers FY14 revenue to $130M-$140M from $175M-$185, consensus $178.71M
American Science & Engineering (ASEI) sees Q2 net loss, consensus for Q2 EPS 21c
Aehr Test Systems (AEHR) reports Q1 EPS (6c) vs. 0c last year

NEWSPAPERS/WEBSITES
Amazon (AMZN), Disney (DIS) appear to settle two-month dispute, WSJ reports
Angie’s List (ANGI) exploring possibility of sale, exploring strategic options, FT reports
PayPal (EBAY) cut out of Apple Pay (AAPL) due to Samsung (SSNLF) partnership, Bank Innovation says
American Apparel (AAP) board open to letting ousted CEO Charney stay, Bloomberg reports
BNY Mellon to cease derivatives sales and trading, Bloomberg reports
Cisco (CSCO) could jump 50% with spin off, Barron’s says

SYNDICATE
Can-Fite BioPharma (CANF) files $50M mixed securities shelf
EnerJex Resources (ENRJ) files $5.85M mixed securities shelf
Entegra Financial (ENFC) 6.546M share IPO priced at $10.00
Red Hat (RHT) files to sell $700M of convertible senior notes due 2019
Vital Therapies (VTL) files to sell 2.5M shares of common stock
Vivint Solar (VSLR) 20.6M share IPO priced at $16.00

via Zero Hedge http://ift.tt/1v4Gxvy Tyler Durden