Daily Alpha

May 25th:European Single Stock Stories:

FINANCIALS:
UBS: May hire UK firm to advise negotiations related to $1 Bil Dubai loan
BARCLAYS: May hire 65 bankers for Europena M&A biz
AREVA: MAy announce sale of Transport/Distribution unit
LLOYDS: May auction off investments in over 60 businesses
MSDW: To raise base salaries top earners & execs reducing importance of bonuses
SPAINISH BANKS: 6 largest banks hold $12.8 Bil of foreclosed property

TMT:
NRJ: May use cash for acquisitons if recession drives down prices of targets

PHARMA/CHEMS:
RHOEN KLIKIKUM: Will prepare Eu 500mm capital increase for 2nd half of year
SANOFI: Rumor may make bid for QIAGEN
ROCHE; 2 yr data from LITHE study show Actemra continues to be effective
CONSUMER:
SAECO: Phillips offered Eu 200mm for 100% of co. Rumor DeLonghi was interested too
METRO: ARCANDOR CEO won't seek merger of Karstadt & Kaufhof before 2010
PRATIKER: CEO says April had a very good start w/ considerable growth
M&S: Rose preaparing for early exit
GEOX: CFO & MD Santel unexpectedly resign
ARCANDOR: -22% as CEO says needs state aid by June 12th


ENERGY/MINERS/UTILITIES:
SNAM: Can raise profit more than Eu 2 Bil after buying storage co Stogit
BOLIDEN: Local press talks -ive sum of parts

AUTOS/TRANSPORT:
RENAULT: COO says has better visibility for coming months as car sales pick up
RENAULT: Reduced target for Scenic from 500,000 to 200,000-L'Expansion
PEUGEOT: Hiring again b/c of demand for compact 308 models
BMW: To build electric motors vehicles by itself
VOW: Said it loaned Eu 700mm to Posche
DASSAULT AVIATION: May win Eu 8 Bil order for 60 jets from UAE
TOYOTA: Won't seek further stel price cuts after winning 10% cut last month


INDUSTRIALS;
ST GOBAIN: Seeks Eu 2 Bil to refi loans
HEIDELBERGER CEMENT: Putting Hanson UK unit for sale for Gbp 1 Bil
ALSTOM: -3% on Rumors of Cap increase