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Inspire Pharmaceuticals (ISPH)
Inspire Pharmaceuticals, Inc. (ISPH) is a specialty pharmaceutical company focused on the development and commercialization of treatments for respiratory and ophthalmologic disorders. Currently, the company has three products on the market and a robust pipeline. We see strong top-line growth from 2009 and beyond. Inspire just reported positive phase III data of Denufosol for CF. The company has a strong collaborative alliance with Allergan Pharmaceuticals for key products that treat dry eyes and allergic conjunctivitis. The current price is attractive. We maintain our Buy rating on shares of Inspire with a price target of $6.00.
Zacks Tuesday, August 04, 2009

Celanese Corp. (CE)
Weak market conditions drove a dramatic decline in overall global demand for many industries, which affected Celanese's (CE) operations. Recessionary trends, coupled with inventory de-stocking, resulted in sharp volume declines in the Advanced Engineered Materials and the Acetyl Intermediates businesses. The company expects volumes to remain under pressure in 2009, even with the easing of inventory de-stocking. Thus, we rate the shares a Sell with a target of $20.50.
Zacks Tuesday, August 04, 2009

BofA to pay $33m on bonus claims
Bank of America is to pay $33m to settle US regulators' claims US regulators' claims that it failed to provide complete information to investors about a $5bn bonus pool at Merrill Lynch before December's shareholder vote over taking over the bank
FT Tuesday, August 04, 2009

BofA to pay $33m over Merrill bonus claims
Bank of America is to pay $33m to settle US regulators' claims US regulators' claims that it failed to provide complete information to investors about a $5bn bonus pool at Merrill Lynch before December's shareholder vote over taking over the bank
FT Tuesday, August 04, 2009

BMW cash pile bolsters results
German carmaker BMW posted a less-than-expected 60 per cent fall in operating profit as the company lifted its net cash pile
FT Tuesday, August 04, 2009

Google launches rare ad campaign to sell more apps
Google Inc. is so well known that it has become a synonym for search, making advertising unnecessary. Getting businesses to buy Google's online suite of office applications requires a little more elbow grease and marketing muscle
Mercury News Tuesday, August 04, 2009

Google CEO Eric Schmidt resigns from Apple's board
Apple and Google's collision course in the mobile phone and operating system markets trumped the friendship between Schmidt and Apple CEO Steve Jobs. It is a familiar script for Silicon Valley, where companies expand into new areas and challenge former allies in the constant scramble for increased revenue.
Mercury News Tuesday, August 04, 2009

Apple Launches iTunes Store in Mexico
Total revenue fell below $10 billion for the first time in more than a decade, according to IDC.
Apple Tuesday, August 04, 2009

StanChart unveils £1bn fundraising
The Asia-focused bank unveiled a surprise £1bn equity fundraising as it reported interim pre-tax profits of $2.84bn, up from $2.59bn a year ago
FT Tuesday, August 04, 2009

US tax battle weighs on UBS
Swiss bank UBS posted its third quarterly loss in a row after being hit by restructuring costs
FT Tuesday, August 04, 2009

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