• Apple’s (NASDAQ:AAPL) worldwide developers’ conference starts today with CEO Steve Jobs making the keynote address. Expectations are the latest iPhone version would be unveiled
• BP (NYSE:BP) reported its first evidence of progress in the seven-week Gulf oil spill, with about half of the estimated escaping oil reportedly stemmed by the latest capping attempt
• Grifols plans to acquire Talecris (NASDAQ:TLCR) for $3.4 billion, or $26.16 per share
• Ocean Engineering (NYSE:OII) cut its full-year guidance from a range of $3.25-$3.55 to $2.80-$3.10
• Goldman Sachs (NYSE:GS) upgraded Bristol-Myers (NYSE:BMY) to “buy” from “neutral,” with a price target of $30
• Ouriga upgraded Cisco (NASDAQ:CSCO) to “buy” from “hold,” raising the price target from $25 to $27
• Goldman Sachs (NYSE:GS) downgraded Abbott Labs (NYSE:ABT) from “buy” to “neutral,” with a $69 price target
• Piper Jaffray (NYSE:PJC) maintained its “neutral” rating on Research in Motion (NASDAQ:RIMM), cutting the price target to $66 from $77
