DAX Volkswagen - The company's works council filed a legal complaint against the automaker's biggest shareholder, Porsche, setting up a challenge over board representation. (BBG) In other news, the company's Spanish Seat division will return to operating profit in 2007. (El Pais)** Lufthansa - The company will reportedly decide on Alitalia by year-end. (S&P) BMW - The company plans to increase cooperation with rivals and may produce engines for other carmakers, the CEO said. (Focus Magazine) SMI UBS â Insiders at the investment bank have said they expect another USD 5bln write-down in Q4, on top of the USD 4.4bln in the previous three quarters. (Sunday Express)** BROKER UPGRADES/DOWNGRADES HSBC: CUT TO SELL FROM NEUTRAL AT GOLDMAN SACHS PHILIPS: DEUTSCHE BANK UPGRADES TO BUY FROM HOLD AIR FRANCE-KLM: UPGRADED TO 'BUY' FROM 'HOLD' BY CITIGROUP SWISSCOM: CITIGROUP UPGRADES TO BUY FROM HOLD FANNIE MAE, FREDDIE MAC: CUT TO `NEUTRAL' FROM `BUY' AT UBS
can you please consolidate all your stuff into one big post? we all know you gave money to ET to have the glorious title of sponsor and all but this is ridiculously close to spam.