Company News for June 01, 2011 - Corporate Summary
June 01 2011 - 5:10AM
Zacks
• Ship builder General Dynamics Corp.’s (NYSE:GD)
share prices rose 4.15% to $74.22 after the company after it
announced that it would receive an additional $744 million from the
Defense Department which has expanded a preexisting contract
• Analysts at Piper Jaffray (NYSE:PJC) raised the
shares of Radian Group (NYSE:RDN) from "Neutral" rating to "Over
Weight" rating
• Broadcom Corporation (NASDAQ:BRCM) was upgraded
by BMO Capital with an "Outperform" rating and a target price of
$50
• Share prices of software vendor Agilysys,
Inc.’s (NASDAQ:AGYS) jumped 42.47% to $6.81 after the company
announced plans to sell the technology solutions unit for $64
million
• Motor oil maker Ashland Inc's (NYSE:ASH) share
price increased 11.95% after the company said it will buy
International Specialty Products Inc. in a deal worth $3.2
billion
• Canadian utility Fortis Inc (CA:FTS) announced
plans to buy electricity distributor Central Vermont Public Service
Corp. (NYSE:CV) in a deal valued at $470 million
• Chinese mobile-phone chain Funtalk China
Holdings Ltd's (NASDAQ:FTLK) share prices rose 12.54% on news that
the company would be acquired by Fortress Group Ltd
• Chinese reverse-merger company Yongye
International Inc (NASDAQ:YONG) announced a $50 million investment
from Morgan Stanley’s (NYSE:MS) Asian private-equity unit
• Dex One Corporation (NYSE:DEXO) announced that
the company’s chief financial officer will leave the marketing
service provider at the end of July
• Finnish mobile company Nokia Corp's (NYSE:NOK)
shares slid 14.39% after the company said profits from the devices
& services business for the second quarter will be low because
of under-par sales
AGILYSYS INC (AGYS): Free Stock Analysis Report
ASHLAND INC (ASH): Free Stock Analysis Report
BROADCOM CORP-A (BRCM): Free Stock Analysis Report
CENTRAL VT PS (CV): Free Stock Analysis Report
FUNTALK CHINA (FTLK): Free Stock Analysis Report
GENL DYNAMICS (GD): Free Stock Analysis Report
MORGAN STANLEY (MS): Free Stock Analysis Report
NOKIA CP-ADR A (NOK): Free Stock Analysis Report
PIPER JAFFRAY (PJC): Free Stock Analysis Report
RADIAN GRP INC (RDN): Free Stock Analysis Report
Zacks Investment Research
Funtalk China Holdings Limited (MM) (NASDAQ:FTLK)
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