• The Sunday Telegraph reported Deutsche Telekom (NYSE:DT) is considering a takeover bid for Sprint Nextel (NYSE:S). Deutsche Telekom (NYSE:DT) shares rose more than 10% in premarket trading
• According to the WSJ, China’s sovereign wealth fund is in talks to acquire a minority share of AES Corp (NYSE:AES)
• Johnson & Johnson (NYSE:JNJ) is reportedly in talks to lower the price tag of its $1.5 billion Elan (NYSE:ELN) bid
• Salix Pharmaceuticals (NASDAQ:SLXP) reported the successful outcome of two late-stage trials of the efficacy and safety of its rifaximin drug in relieving irritable bowel syndrome symptoms
• Bank of America (NYSE:BAC) lowered its rating on Campbell Soup (NYSE:CPB) to “neutral”
• UBS (NYSE:UBS) upgraded Motorola (NYSE:MOT) to “buy”
