• Apple's AAPL worldwide developers' conference starts today with CEO Steve Jobs making the keynote address. Expectations are the latest iPhone version would be unveiled
• BP 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 TLCR for $3.4 billion, or $26.16 per share
• Ocean Engineering OII cut its full-year guidance from a range of $3.25-$3.55 to $2.80-$3.10
• Goldman Sachs GS upgraded Bristol-Myers BMY to "buy" from "neutral," with a price target of $30
• Ouriga upgraded Cisco CSCO to "buy" from "hold," raising the price target from $25 to $27
• Goldman Sachs GS downgraded Abbott Labs ABT from "buy" to "neutral," with a $69 price target
• Piper Jaffray PJC maintained its "neutral" rating on Research in Motion RIMM, cutting the price target to $66 from $77
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