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From the Blogosphere
Apple App Store Reach 2 Billion Downloads; China Unicom iPhone Sales Start Oct 1; Orange to Sell iPhone in UK
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Apple (AAPL) this morning announced its App Store for the iPhone and the iPod Touch has cross 2 billion application downloads, making it just six months since the first billion was announced on April 23rd. If the first billion downloads were achieved in 9 months, as announced in April, that would suggest Apple’s pace of downloads has accelerated this year. Which may be amazing or merely expected, given that the iPhone was put on sale for $99 in July. Apple said there are now 85,000 apps on the store for “50 million iPhone and iPod touch users worldwide.” <>In related news, Reuters report...
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France Telecom Moves To Stem Worker Suicides
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Now this has to be one of the weirdest stories of the day. The French government is pushing France Telecom (FTE) to take measures to help workers better cope with a corporate reorganization that the the company’s unions say has triggered an outbreak of employee suicides. <>As Bloomberg reports, unions say 23 France Telecom employees have killed themselves in the last 18 months, including a 32-year-old woman who plunged from a Paris office building on September 11. One day earlier, the company responded to a union demonstration by announcing a suspension of the reorganization until October 31,...
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Analyst upgrades, downgrades and initiations: HOT, MVL, NDAQ, PALM, YUM ...
Filed under: Analyst reports, Analyst upgrades and downgrades, Analyst initiations  Analyst Upgrades
<> Goldman upgraded Yum! Brands (NYSE: YUM) to Buy from Neutral on expectations business in the U.S. and China will improve in the second half of 2009. Goldman raised its target price on shares to $40 from $36. <>Canaccord upgraded Exco Resources (NYSE: XCO) to Buy from Speculative Buy citing the company's financial transactions to reduce debt. The firm, which has a $17 target on the stock, says Exco now has a stronger balance sheet, a greater geographic focus, and the ability to expedite dr...
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Analyst upgrades, downgrades and initiations: MRK, PALM, DNA, WMT, TEVA ...
Filed under: Analyst reports, Analyst upgrades and downgrades, Wal-Mart (WMT), Merck and Co (MRK), Alcatel-LucentADS (ALU), Palm Inc (PALM), Genentech Inc (DNA), Smithfield Foods (SFD), Analyst initiations, Teva Pharm Indus ADR (TEVA) Analyst upgrades:
<> Bernstein upgraded Merck (NYSE: MRK) to Outperform from Market Perform and raised its target to $30 from $27 citing valuation and its decision to buy Schering-Plough, at what appears to be a reasonable price.
<>RBC Capital upgraded Palm (NASDAQ: PALM) to Outperform from Sector Perform and raised its target to $12 from $5 as it believes we...
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Analyst upgrades, downgrades and initiations: A, PFE, DT, HOG, AZO
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