UPGRADES Credit Suisse upgrades Baidu (NASDAQ: BIDU) from Underperform to Neutral. Deutsche Bank and Gabelli upgrade Autoliv (NYSE: ALV). Deutsche upgrades to Buy from Hold, with a price target of $55. Click Here for more color from Deutsche. Gabelli also upgraded Autoliv from Hold to Buy. Bank of America upgrades Genpact Ltd (NYSE: G) from Neu...

Cephalon, Inc. (NASDAQ: CEPH) signed an agreement to acquire Mepha AG and its subsidiaries, a profitable, privately-held, Swiss-based pharmaceutical company, for CHF 622.5 million, or an estimated $590 million USD. Cephalon expects that the acquisition will be accretive to adjusted earnings per share in 2010 and will update its 2010 guidance when ...

Conolog Corporation (NASDAQ: CNLG) 46.9% HIGHER; announced receiving advance orders for its PDR systems and other communication equipment valued at over $1,900,000 with deliveries to be scheduled over the next fiscal year. Eletrobras (NYSE: EBR) 22.2% LOWER; downgraded to Sell at Goldman Sachs. First State Bancorporation (NASDAQ: FSNM) 21.9% LOWER;...

Derek Bandeen has merged Citi’s cash equities and derivatives trading desks – a sea change for a business that had segregated the two for years ...

The hedge fund manager joined a rally on Monday as the market put in its best performance in a month ...

Airlines and banks performed well on Monday, allowing European shares to bounce bank from the their biggest monthly loss in almost a year ...

The recent slide in European equities does not herald the end of the bull run for stocks – but there will be changes within the market, says Nick Nelson, equity strategist at UBS ...

Our CEO Duncan Niederauer has a blog entry(!), Beware of the Taxman, posted on Insitutional Investor’s site. It’s a quick read, but for the time challenged, here are some key excerpts: According to the Investment Company Institute, if a … transaction tax had been in place last year, the 90 million Americans who own shares in mut...