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American Finl Group
07 января 2013, 16:34

Frontrunning: January 7

Secret and Lies of the Bailout (Rolling Stone) Banks Win 4-Year Delay as Basel Liquidity Rule Loosened (BBG) Hedge Funds Squeezed With Shorts Beating S&P 500 (BBG) Bankruptcy regime for nations urged (FT) Is the Fed Doing Enough—or Too Much—to Aid Recovery (WSJ) Cracks widen in US debt ceiling debate (FT) McConnell Takes Taxes Off the Table in Debt Limit Negotiations (BBG) Abe Seen Spending 12 Trillion Yen to Boost Japan’s Economy (BBG) Monti, Berlusconi Spar on Taxes in Weekend Media Barrage (BBG) Cameron Sets New Priorities for U.K. Coalition (BBG) Defiant Assad Rules Out Talks With Rebels (WSJ) Korea Seen Resisting Rate Cut as Won Threatens Exports (BBG)   Overnight Media Recap WSJ * Republicans won't accept further tax increases in the United States in coming budget and debt negotiations, the party's Senate leader said on Sunday, putting Republican lawmakers on a collision course with Democrats over raising the government's borrowing limit. * Global banking regulators watered down a key element of their plan for creating a safer financial system, giving ground to banks that argued the rules were unworkable and financially risky. * Banks were closing in on a $10 billion foreclosure-abuse settlement with U.S. regulators that could be announced as soon as on Monday, according to people familiar with the talks. * ExxonMobil Corp said it will spend $14 billion to develop the Hebron oil field off the shore of eastern Canadian province Newfoundland and Labrador, a project it expects to yield 700 million barrels of oil. * Syrian President Bashar al-Assad issued a defiant call to war to defend the country against what he called a foreign-inspired rebellion, ruling out talks with rebels and rejecting international peace efforts for a political plan of his own that keeps him in power. * Flowers Foods and Grupo Bimbo are in discussions to acquire pieces of Hostess Brands Inc's bread business, as the maker of Wonder Bread and Twinkies sells off assets and liquidates, said people familiar with the talks. * Oprah Winfrey's OWN Network unveiled six new original series on Saturday aimed at bolstering the fledgling network's audiences.   FT Headlines 'MASSIVE SOFTENING' OF BASEL BANK RULES SONY REJOINS BMG FOR PARLOPHONE BID TERRA FIRMA EYES BIG PICTURE IN PLANS TO SELL ODEON CHAINMORRISON LOSES MANAGER BEFORE SALES UPDATE AXA SEEKS 1 BLN STG FOR LONG-LEASE UK FUND COMPANIES PAY HEED TO INVESTOR PROTESTS OVER EXECUTIVE SALARIES Overview 'MASSIVE SOFTENING' OF BASEL BANK RULES Regulators have announced that the first-ever global liquidity standards will be less tough than expected and will not be fully enforced until 2019, four years later than expected. SONY REJOINS BMG FOR PARLOPHONE BID BMG, a joint venture between Bertelsmann and KKR , has teamed up with Sony to bid for Parlophone from Vivendi's Universal Music Group. TERRA FIRMA EYES BIG PICTURE IN PLANS TO SELL ODEON CHAIN Private equity group Terra Firma is looking to sell assets this year that may include European cinema chain Odeon & UCI Group. MORRISON LOSES MANAGER BEFORE SALES UPDATE Wm Morrison's company secretary Greg McMahon is leaving the supermarket chain, people familiar with the situation said, marking the sixth senior management change at the company over the past year. AXA SEEKS 1 BLN STG FOR LONG-LEASE UK FUND AXA Real Estate, the property arm of the French insurer, is raising 1 billion pounds ($1.6 billion) from investors to buy buildings in the UK with long leases. COMPANIES PAY HEED TO INVESTOR PROTESTS OVER EXECUTIVE SALARIES Britain's biggest firms are set to rein back executive pay as shareholders ramp up their campaign to keep pay and bonuses under control.   NYT * A $10 billion settlement with U.S. regulators to resolve claims of foreclosure abuses by 14 major lenders is expected to be announced as early as Monday, several people with knowledge of the discussions said on Sunday. * A group of top regulators and central bankers on Sunday gave banks around the world more time to meet new rules aimed at preventing financial crises, saying they wanted to avoid the possibility of damaging the economic recovery. * Two pension funds that agreed to a relatively small settlement with the directors of Bank of America over its acquisition of Merrill Lynch are being ordered by a federal judge to strike a better deal beginning on Monday. * Patrick Dempsey, best known for playing a hearthrob doctor on "Grey's Anatomy," said on Friday that he had prevailed in an auction of Tully's Coffee, a bankrupt coffee chain based in Seattle.   Canada THE GLOBE AND MAIL * Ontario Liberal leadership contender Glen Murray is calling for a "paradigm shift" in the way the province finances and develops public transit projects. Many people have difficulty getting to their offices, he said, because 90 percent are a kilometre or more away from subways, streetcars and other public transit systems. * With fiscal prudence poised to take the spotlight in the British Columbia election, a special committee with a Liberal majority has decided to replace the province's outspoken auditor general John Doyle instead of renewing his term, according to the NDP Opposition. Reports in the business section: * Shaw Communications Inc's strategy to fend off competition from Telus Corp will come under scrutiny when the cable company releases its fiscal first-quarter results. The Calgary-based company is scheduled to report its financial results on Wednesday, just hours before its annual general meeting of shareholders. NATIONAL POST * Canada was on a list of terrorist targets found by U.S. Navy SEALs during the May 2011 raid on Osama bin Laden's compound in Abbottabad, Pakistan, according to a newly declassified intelligence report by the Integrated Threat Assessment Centre. * The Canadian navy's joint support ship program is expected to come under the political microscope within weeks in what is likely another defence equipment embarrassment for the Harper government. The parliamentary budget officer has been examining the program and is poised to release his findings once MPs return from their Christmas break.   China CHINA SECURITIES JOURNAL -- More than 90 percent of Chinese fund managers recently polled by this newspaper forecast that China's stock market will stage a rebound this year. The market was generally weak over the past few years due in part to a slowdown of the world's second-largest economy. -- China may not resume initial public offerings (IPOs) of shares in the first quarter of this year as firms which intend to float shares will be asked to add information on their 2012 annual results. IPOs were suspended in November due to the weak domestic stock market. SHANGHAI SECURITIES -- Top Chinese steel maker Baoshan Iron & Steel Co said it had so far bought back 1.92 billion yuan ($308 million) of its own shares in response to a regulatory call last year for listed companies to buy back their own shares to support the stock market. SECURITIES TIMES -- Livzon Pharmaceutical Group Inc said trading in its shares will be suspended starting Monday pending a major announcement. Analysts said the company may be planning to convert its Shenzhen-listed B-shares into Hong Kong-listed H-shares. CHINA DAILY -- With the majority of private enterprises in China faced with passing on the family business to the second generation, young entrepreneurs are facing a huge challenge in taking over family brands and presenting them to the world. PEOPLE'S DAILY -- A commentary urges government departments to stop sending gifts to each other during the Chinese lunar new year in mid-February to help fight against official corruption.     Fly On The Wall 7:00 AM Market Snapshot ANALYST RESEARCH Upgrades British American Tobacco (BTI) upgraded to Buy from Hold at Deutsche BankCanon (CAJ) upgraded to Buy from Hold at JefferiesCredit Suisse (CS) upgraded to Outperform from Sector Perform at RBC CapitalCtrip.com (CTRP) upgraded to Equal Weight from Underweight at BarclaysFamily Dollar (FDO) upgraded to Overweight from Equal Weight at BarclaysFlowers Foods (FLO) upgraded to Buy from Hold at Deutsche BankGeorgia Gulf (GGC) upgraded to Neutral from Reduce at SunTrustHarmon (HAR) upgraded to Outperform from neutral at RW BairdHess Corp. (HES) upgraded to Buy from Hold at Deutsche BankHexcel (HXL) upgraded to Buy from Neutral at GoldmanMettler-Toledo (MTD) upgraded to Buy from Neutral at BofA/MerrillNorthrop Grumman (NOC) upgraded to Sector Perform from Underperform at RBC CapitalTextron (TXT) upgraded to Outperform from Sector Perform at RBC CapitalWalgreen (WAG) upgraded to Buy from Hold at Jefferies Downgrades ArcelorMittal (MT) downgraded to Sector Perform from Outperform at RBC CapitalBNY Mellon (BK) downgraded to Sell from Neutral at GoldmanCree (CREE) downgraded to Hold from Buy at CanaccordDSW (DSW) downgraded to Hold from Buy at Brean CapitalFamily Dollar (FDO) downgraded to Equal Weight from Overweight at Morgan StanleyFinish Line (FINL) downgraded to Neutral from Buy at Janney CapitalIngersoll-Rand (IR) downgraded to Market Perform from Outperform at Wells FargoLowe's (LOW) downgraded to Sell from Hold at CanaccordO'Reilly Automotive (ORLY) downgraded to Neutral from Overweight at Piper JaffrayRexnord (RXN) downgraded to Sell from Hold at Deutsche BankSpirit AeroSystems (SPR) downgraded to Sector Perform from Outperform at RBC CapitalUnder Armour (UA) downgraded to Equal Weight from Overweight at Morgan StanleyWatts Water (WTS) downgraded to Hold from Buy at Brean Capital Initiations SolarCity (SCTY) initiated with a Buy at GoldmanSolarCity (SCTY) initiated with a Buy at Roth CapitalSolarCity (SCTY) initiated with an Outperform at Credit SuisseSpectrum Brands (SPB) coverage reinstated with a Buy at Deutsche Bank HOT STOCKS A.M Best withdrew rating of six life insurance units of AIG (AIG)Nebraska Governor Heineman to review final Keystone pipeline (TRP) route proposalUS Airways (LCC), American Airlines (AAMRQ) pilots announced framework of employment agreementHumana (HUM) expects higher sales for individual Medicare Advantage plans in 2013Lenovo (LNVGY) introduced "Interpersonal Computing" with company’s first table PC Illumina (ILMN) acquired Verinata Health for $350M NEWSPAPERS/WEBSITES U.S. businesses took on new office space at a sluggish pace in Q4, as employers remained cautious about adding jobs, the Wall Street Journal reportsThis week Walgreen Co. (WAG) executives will outline what's ahead for the drugstore chain in 2013, with some analysts saying a busy flu season and firmer prescription orders could help the company outperform its rivals, the Wall Street Journal reportsMajor U.S. technology companies could miss estimates for Q4 earnings as "fiscal cliff" concerns likely led some corporate clients to tighten their belts last month and hold off on spending all of their 2012 IT budgets, Reuters reportsThe U.S. dominates the list of places that global commercial real estate investors would prefer to invest their money this year, while China has lost some luster and Turkey has drawn more interest, according to an annual survey by the Association of Foreign Investors in Real Estate, Reuters reportsChina Investment Corp. may acquire a holding of 4% to 10% in Daimler AG (DDAIF), according to the Chinese newspaper People’s Daily which  reported the country’s sovereign-wealth fund may buy a stake in the luxury car maker, Bloomberg reportsThe return of $10B-plus drug deals may be here as pharmaceutical companies including Pfizer (PFE) and Bristol-Myers Squibb (BMY) may be ready to start buying again. Five of the largest U.S. drug makers had more than $70B in cash, near cash and short-term investments at the end of the Q3, Bloomberg reports BARRON’S Delta Air Lines (DAL) is best-of-breed, could reach $18.00 per shareWith new TLDs, VeriSign (VRSN) could see emulators emerge SYNDICATE lululemon (LULU) files to sell 5.7M shares of stock for Chairman Dennis Wilson

01 октября 2012, 15:34

Frontrunning: October 1

Trade Slows Around World (WSJ) Debt limit lurks in fiscal cliff talks (FT) Welcome back to the eurozone crisis (FT, Wolfgang Munchau) Euro Leaders Face October of Unrest After September Rally (Bloomberg) Dad, you were right (FT) 25% unemployment, 25% bad loans, 5% drop in Industrial Production, and IMF finally lowers its 2013 Greek GDP forecast (WSJ) Global IPOs Slump to Second-Lowest Level Since Financial Crisis (Bloomberg) France's Hollande faces street protest over EU fiscal pact (Reuters) EU Working to Resolve Difference on Bank Plan, Rehn Says (Bloomberg) China manufacturing remains sluggish (FT) Samaras vows to fight Greek corruption (FT) ... and one of these days he just may do it Leap of Faith (Hssman) Germany told to 'come clean’ over Greece (AEP) Overnight Media Digest WSJ * Xstrata Plc's board of directors recommended Monday that its shareholders vote in favor of Glencore International Plc's revised merger proposal after making several revisions aimed at breaking a logjam over executive pay that has threatened to derail the historic tie-up. * Energy producer Dynegy Inc is set to leave bankruptcy protection on Monday as a much leaner company, but perhaps one more vulnerable to a takeover. * Nokia Oyj, looking to increase use of its mapping software, will unveil a new deal with Oracle Corp intended to give Oracle's customers access to Nokia's growing vault of map data and location services. * Global trade is stalling, dimming prospects that exports will buoy the U.S. economy in the coming months. * Accounting rule makers are on the verge of rolling back a widely assailed provision that counterintuitively adds to U.S. banks' profits when their debt looks riskier to investors and penalizes them when it looks safer. * LG Electronics Inc and Whirlpool Corp have agreed to settle patent infringement disputes related to refrigerators, concluding years of patent litigation between the two companies. * A start-up called FreedomPop, backed by a founder of Skype, is set to launch a wireless data service that promises to save customers hundreds of dollars a year, at a time when cellphone bills are chewing up a growing share of the household budget. * Private-equity firm First Reserve Corp has formed a new venture to build pipelines throughout the booming oil fields of North Dakota, an investment aimed at resolving transportation bottlenecks plaguing energy producers in the region.   FT XSTRATA CLOSE TO BACKING GLENCORE OFFER Xstrata is preparing to recommend the latest merger offer from Glencore on Monday. BERLIN AND PARIS UNITE ON EADS HOLDINGS Germany and France have agreed a common position on the tie-up of EADS and BAE Systems. GRADUATES TURN AWAY FROM WALL ST More graduates are opting for careers outside investment banking as the pull of big bonuses is replaced by job insecurity in the industry. PRIVATE EQUITY MANAGERS FEAR TAX HIT Private equity fund managers are so worried about changes to the way their income is taxed in the US that some are trying to rewrite agreements with investors. NEWS CORP BOOSTS COMPLIANCE TEAMS News Corp has hired a senior official from the Securities and Exchange Commission and a former federal prosecutor to lead new compliance units. CASTLE TRUST EYES CASH-STRAPPED HOMEBUYERS The former head of the City of London watchdog is to chair a new company that offers cash-strapped homebuyers interest-free loans. GLOBAL ETF SECTOR IN LINE FOR RECORD YEAR Investors are on course to put a record amount of money into exchange-traded funds. OIL GROUPS TUSSLE FOR COLOMBIA LICENCES Some of the world's largest oil companies are jostling for licences to explore for shale gas in Colombia. MILIBAND SOUNDS WARNING NOTE ON BANKS Ed Miliband caused concern in the City of London on Sunday when he warned that a future Labour government might split Britain's biggest banks. US CANDIDATES' FUTURES UP FOR DEBATE Barack Obama is scheduled to spend Monday holed up in Nevada for intensive debate practice. PENSION INJECTIONS FIGHT TO TRIM SHORTFALLS Britain's largest employers have poured roughly 175 billion pounds ($282.59 billion) into their underfunded pension schemes over the past decade.   NYT * A tax break for wage earners for which the White House campaigned hard last winter now finds little support in Washington, as Congress struggles with deficits. * Six major American banks were hit in a wave of computer attacks last week, by a group claiming Middle Eastern ties, that caused Internet blackouts and delays in online banking. * While Greece agreed last week to cut pensions, Spain said it would raise its payouts, a stark example of why Europe's debt and deficit problems have proved so difficult to resolve. * Canadian auto workers at Chrysler Group ratified a new contract with the company, the auto union said Sunday. * Many auto executives were not that enthusiastic about battery-powered cars at their outset, and now that sales of electric vehicles made by Tesla Motors Inc and Renault have been disappointing, some car manufacturers are playing down the technology. * A few months after Governor Andrew Cuomo was poised to approve hydraulic fracturing in several struggling New York counties, his administration is reversing course and starting the regulatory process over, garnering praise from environmental groups and stirring anger among industry executives and upstate landowners. * A special media court on Sunday found the Tehran bureau chief of the Thomson Reuters news agency guilty of "spreading lies" against the Islamic system for a video script that briefly described a group of women involved in martial arts training as killers.   Canada THE GLOBE AND MAIL * A research paper written for the Center for Security and Defence Studies at Carleton University estimates the cumulative effect of the Harper government's strategic review and the overlapping deficit reduction action plan will carve up to $2.5-billion out of the nearly C$21-billion National Defence budget by 2014-2015. * The federal government has issued a tender calling for the design of low-emission Canadian Coast Guard ships that would incorporate hydrogen fuel cell technology. * The fallout from an E. coli contamination at an Alberta slaughterhouse continues to spread, with more than 1,100 products now being recalled as Premier Alison Redford urges consumers to keep buying her province's beef. Reports in the business section: * Unionized workers at Chrysler's Ontario plants voted to accept a new contract on Sunday, marking the Canadian Auto Workers' successful negotiation of fresh agreements with the three big U.S. auto makers. * British Columbia's softwood lumber industry is finally on the comeback trail, fueled by a recovery in U.S. housing starts and steady demand from China, according to analysts. NATIONAL POST * Theater and art impresario David Mirvish says he plans to tear down Toronto's Princess of Wales Theater and replace it with three condo towers. * The Toronto Transit Commission has voted to contract out a segment of its cleaning force in order to save money, angering existing transit employees. FINANCIAL POST * Federal NDP Leader Thomas Mulcair told Toronto's business community that he would support the establishment of a West-East pipeline provided that project developer Enbridge pay for the environmental costs.   European economic update: Sweden Manufacturing PMI 44.7 – lower than expected. Consensus 46.4. Previous 45.1. Norway PMI 48.9 – lower than expected. Consensus 49.5. Previous 48.7. Hungary Manufacturing PMI 52.5. Previous 49.6. Poland Manufacturing PMI 47.0. Previous48.3. Spain Manufacturing PMI 44.5 – higher than expected. Consensus 44.2. Previous 44.0. Czech Republic Manufacturing PMI 48.0. Previous 46.7. Switzerland Manufacturing PMI 43.6 – lower than expected. Consensus 47.5. Previous 46.7. Italy Manufacturing PMI 45.7 – higher than expected. Consensus 44.0. Previous 43.6. France Manufacturing PMI 42.7. Previous 42.6. Germany Manufacturing PMI 47.4 – higher than expected. Consensus 47.3. Previous 47.3 UK Manufacturing PMI 48.4 – lower than expected. Consensus 49.0. Previous 49.5. Fly on the Wall 7:00 AM Market Snapshot ANALYST RESEARCH Upgrades Allscripts (MDRX) upgraded to Buy from Hold at ISI GroupBrightcove (BCOV) upgraded to Top Pick from Outperform at RBC CapitalCallaway Golf (ELY) upgraded to Strong Buy from Market Perform at Raymond JamesColdwater Creek (CWTR) upgraded to Overweight from Neutral at Piper JaffrayDreamWorks (DWA) upgraded to Buy from Neutral at Janney CapitalFinish Line (FINL) upgraded to Neutral from Underperform at Sterne AgeeInterActiveCorp (IACI) upgraded to Buy from Hold at NeedhamMyriad Genetics (MYGN) upgraded to Overweight from Neutral at Piper JaffrayRudolph Tech (RTEC) upgraded to Outperform from Neutral at Credit Suisse Downgrades Alliant Techsystems (ATK) downgraded to Hold from Buy at JefferiesAllstate (ALL) downgraded to Market Perform from Outperform at FBR CapitalBaidu (BIDU) downgraded to Hold from Buy at JefferiesBoston Beer (SAM) downgraded to Sell from Neutral at UBSBrooks Automation (BRKS) downgraded to Underperform from Neutral at Credit SuisseCheck Point (CHKP) downgraded to Sector Perform from Outperform at RBC CapitalCitigroup (C) downgraded to Neutral from Buy at Sterne AgeeCommVault (CVLT) downgraded to Sector Perform from Outperform at RBC CapitalFifth Third (FITB) downgraded to Market Perform from Outperform at Keefe BruyetteFortinet (FTNT) downgraded to Sector Perform from Outperform at RBC CapitalForum Energy (FET) downgraded to Market Perform from Outperform at FBR CapitalGilead (GILD) upgraded to Outperform from Market Perform at BernsteinM.D.C. Holdings (MDC) downgraded to Underperform from Neutral at Credit SuisseMercury Computer (MRCY) downgraded to Hold from Buy at JefferiesMicrosoft (MSFT) downgraded to Sector Perform from Outperform at RBC CapitalMolson Coors (TAP) downgraded to Underweight from Equal Weight at Morgan StanleyPulteGroup (PHM) downgraded to Neutral from Outperform at Credit SuisseQuality Systems (QSII) downgraded to Underweight from Equal Weight at Morgan StanleyRealPage (RP) downgraded to Outperform from Top Pick at RBC CapitalSprint (S) downgraded to Market Perform from Outperform at Raymond JamesTexas Instruments (TXN) downgraded to Neutral from Positive at SusquehannaVMware (VMW) downgraded to Sector Perform from Outperform at RBC CapitalWendy's (WEN) downgraded to Neutral from Buy at Janney Capital Initiations ITT Exelis (XLS) initiated with a Buy at JefferiesYelp (YELP) initiated with an Equal Weight at BarclaysZillow (Z) initiated with an Equal Weight at Barclays HOT STOCKS Glencore (GLNCY), Xstrata (XSRAY) reach agreement on final terms of mergerOlympus (OCPNY) and Sony (SNE) to form business and capital allianceTransocean (RIG) said Brazil injunction order partially suspendedSears (SHLD) announced tax services agreement with Jackson HewittU.S. Steel (X) reached collective bargaining agreements with United SteelworkersCanadian Pacific (CP) reached tentative agreement with United SteelworkersFirst Reserve sold majority interest in Acteon to KKR (KKR)Ball (BLL) to acquire extruded aluminum packaging business in MexicoDOJ cleared SAP (SAP) acquisition of Ariba (ARBA)Caterpillar (CAT) to raise prices on most machines by 0%-3%, effective January 2013Abbott (ABT) confirmed FDA approval of HUMIRA for treatment of ulcerative colitis FDA approved heart defibrillator from Boston Scientific (BSX)/Cameron HealthSunshine Heart (SSH) announced conditional approval of IDE from the FDA Hertz (HTZ) franchised Swiss business to Emil Frey GroupSaks (SKS) opened store in Almaty, Kazakhstan Hillenbrand (HI) subsidiary acquired software solutions provider HMISInformatica (INFA) announced public takeover offer for Heiler Software AGWi-LAN (WILN) acquired a global portfolio of over 150 patents and patent applications from Alvarion (ALVR) for $19M. Cal-Maine Foods (CALM) sees FY13 feed costs near record high levels EARNINGS/GUIDANCE Companies that beat consensus earnings expectations last night and today include:Cal-Maine Foods (CALM) Companies that matched consensus earnings expectations include:Synergetics (SURG) NEWSPAPERS/WEBSITES Global trade is stalling, dimming prospects that exports will help the U.S. economy in the coming months. The World Trade Organization projected the global volume of trade in goods would expand only 2.5% this year, down from 5% last year and nearly 14% growth in 2010. A Dutch government agency, the CPB Netherlands Bureau for Economic Policy Analysis, estimates it fell outright in June and July, the Wall Street Journal reportsEuro zone manufacturing put in its worst performance in the three months to September since the depths of the recession, pointing to a new recession. Markit's Eurozone Manufacturing Purchasing Managers' Index (PMI) rose to 46.1 in September from 45.1 in August and above the preliminary reading of 46.0. But that was its 14th month below the 50 mark that divides growth from contraction. The output index rose to 45.9 from August's 44.4 but that was the seventh month of decline, Reuters reportsBanks are charging U.S. consumers the lowest interest rates on new car loans since the Fed began surveying them in 1971. That rates helped ignite a 9.5% jump in light-vehicle sales last month and maintained the fastest pace since the U.S. government’s “cash for clunkers” program three years ago, according to analysts surveyed by Bloomberg.European Aeronautic, Defence & Space Co.’s (EADSY) major shareholder Lagardere SCA called the terms of the proposed merger with BAE Stystems (BAESY)  “unsatisfactory,” Bloomberg reports BARRON’S Goldman Sachs (GS) shares could rally 25% in the next yearOpko (OPK) shares are pinned to success with new diagnostic tests Kraft's (KFT) Mondelez spin-off is probably a better buyNike (NKE) shares should continue to underperform Steelcase (SCS) shares could rise 15% or more in the next year Transocean (RIG): Brazilian judicial waters need to calm downRIM (RIMM) shows signs of life but still faces a difficult road SYNDICATE B&G Foods (BGS) files to sell 3.63M shares of common stockInfinity Pharmaceuticals (INFI) files to sell 11.42M shares of common stock for holdersNavidea (NAVB) files to sell 300K shares of common stock for holdersMattress Firm (MFRM) files to sell 4.73M shares for holdersUranium Resources (URRE) files to sell 53.11M shares of common stock for holdersVista Gold (VGZ) files to sell 8.3M shares of common stock for holders ACTIVIST/PASSIVE FILINGS Gabelli reports 5.01% stake in Nabi Biopharmaceuticals (NABI)Peltz's Trian lowers stake in Legg Mason (LM) to 9.54% after transfer of shares