News & Comments

http://www.euronews.net/ Only days before Egypt is due to hold elections, the country looks to have descended into its biggest crisis since February. While back then the fall of President Hosni Mubarak and the Egyptian army's temporary take over was widely greeted, some say the latest violence stems from a lack of perceived change from the old regime.
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Published on Nov 21, 2011 by Euronews

http://www.euronews.net/ After three days of bloody protests in Cairo against military rule, Egypt's cabinet has offered to resign.

The news came as thousands of people poured into the capital's Tahrir Square.

At least 33 people are thought to have been killed in the current clashes with security forces.

Demonstrators have been taking to the streets to demand a faster transfer of power to a civilian government.

It is the largest continuous protest since President Mubarak was toppled in February.

Greece - New premier visits Brussels to fight for aid

Published on Nov 21, 2011 by Euronews

http://www.euronews.net/ Greece's new Prime Minister Lucas Papademos has repeated that all parties in his unity coalition must give written support to the country's new bailout plan.

His warning came on a visit to Brussels. Up until now, Greek conservative leader Antonis Samaras has refused to provide such a commitment.

Britain - Actor Hugh Grant accuses British newspaper of phone hacking

Published on Nov 21, 2011 by Euronews

http://www.euronews.net/ Actor Hugh Grant has told an inquiry into UK media ethics that his phone may have been hacked by a tabloid newspaper, not owned by Rupert Murdoch.

Giving evidence in London, he said he believes Britain's Mail on Sunday accessed his voicemails before publishing a story in 2007 about his love life.

"I cannot, for the life of me, think of any conceivable source for this story in the Mail on Sunday except those voice messages on my mobile telephone," he told the Leveson inquiry.

AMR Corp. (NYSE:AMR) Selects IAE's V2533-A5 to Power New A321 Fleet (potential upside 174.8%)

Uploaded by FinancialNewsOnline on Nov 21, 2011

International Aero Engines has entered into an agreement that will enable the company to play a key role in American Airlines' fleet transformation.

As a part of this pact, IAE will provide American's future fleet of new Airbus A321 aircraft with its V2533-A5 engines.

Bob Reding, executive vice president of operations for American Airlines said, "American Airlines is pleased to select the IAE V2533-A5 engine to power our new A321 aircraft. This engine has some of the best fuel, noise, emission and operating efficiency in its class and will therefore allow us to achieve significant cost savings. IAE is a terrific company and we look forward to establishing a close partnership with them as we introduce the Airbus A321 into our fleet."

The financial terms and conditions have not been disclosed.

AMR (NYSE:AMR) has potential upside of 174.8% based on a current price of $1.74 and an average consensus analyst price target of $4.78.

AT&T (NYSE:T) Customers Notified of Hacking Attempt

Uploaded by FinancialNewsOnline on Nov 21, 2011

Bloomberg reported that AT&T (NYSE:T) sent an e-mail notice to selected customers advising of "an organized and systematic effort" to hack their online accounts.

The e-mail said: "We recently detected an organized and systematic attempt to obtain information on a number of AT&T customer accounts, including yours. We do not believe that the perpetrators of this attack obtained access to your online account or any of the information contained in that account."

AT&T (NYSE:T) has potential upside of 10.6% based on a current price of $28.29 and an average consensus analyst price target of $31.29.

AT&T should find initial resistance at its 50-day moving average (MA) of $28.79 and further resistance at its 200-day MA of $29.53.

Medtronic (NYSE:MDT) Counting On New products to Drive Revenue

Uploaded by FinancialNewsOnline on Nov 21, 2011

Medtronic (NYSE:MDT) is expected to report Q2 earnings before the market open on Tuesday, November 22 with a conference call scheduled for 8am ET.

Analysts are looking for EPS of $0.82 on revenue of $4.07 billion. The consensus range is $0.79-$0.84 for EPS, and $4.01 billion-$4.13 billion for revenue, according to First Call. Positive catalysts for the company could include increasing revenue from its transcatheter aortic valve implants, renal denervation, and atrial fibrillation products.

Johnson & Johnson's (NYSE:JNJ) departure from the stent business may also prove to be a revenue tailwind for Medtronic. Negative drivers continue to be the ICD and spine segment headwinds. On the company's Q1 earnings call the CEO warned about the effects of macro economic headwinds: "Although Medtronic possesses a number of strengths, it is clear that our industry is facing a very challenging environment. The macroeconomic conditions in many developed countries have led to constrained healthcare budgets and increased pressure on utilization."

On October 18, Cowen initiated Medtronic with an Outperform rating. On November 2, Medtronic was initiated with an Outperform rating at Credit Suisse with a price target of $45.

Belgium - government negotiator asks to quit

Published on Nov 21, 2011 by Euronews

http://www.euronews.net/ The man charged with bringing six parties together to form a coalition government in Belgium has handed in his resignation.

Elio Di Rupo, leader of the French-speaking Socialists, decided to quit after talks on next year's budget failed to produce an agreement.

Despite wanting to go, Di Rupo will need King Albert II to approve his request to resign.

It is the second time Di Rupo has tried to step down. He was stopped from leaving in July when the King refused to let him go.