Update 1:45 PM EST: Tellabs Inc. (NASDAQ: TLAB) is at risk of losing much of its AT&T business due to vendor consolidation (Barclays research downgrade). Shares down over 11% at $6.97.
Update: Societe Generale has a massive derivative desk trading losses… Shares down over 7% in Paris.
The BP plc well cap is capturing 90% of leaking oil (Bloomberg)
Douglas A. McIntyre
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