business

Kodak Looks for 'Alternatives' For Digital Patents

Published on Wed, 07/20/2011 - 15:13
By FNNO Staff in General Interest, AAPL, business, FINANCE, Investing, Market, news, RIMM, Stock, trading, In The News

Their announcements comes while Kodak is suing Apple (NASDQ: AAPL) and Research in Motion (NASDAQ:RIMM) claiming their camera phone features infringe on some of its patents.

Eastman Kodak (NYSE:EK) has a potential upside of 97.2% based on a current price of $2.35 and an average consensus analyst price target of $4.63.

Eastman Kodak is currently below its 50-day moving average (MA) of $3.19 and below its 200-day MA of $3.91.

In the last five tradin

Kodak said Wednesday that it is searching for ways to change 1,100 patents on digital imaging into ready money, possibly through a sale.

By FNNO Staff
fnnonline@gmail.com

Travelocity Recommence Deal with United, Continental Airlines

Published on Wed, 07/20/2011 - 15:01
By FNNO Staff in General Interest, business, FINANCE, Investing, Market, news, Stock, trading, ual, In The News

The financial terms and the length of the contract were not disclosed.

Unitedntinental Holdings (NYSE:UAL) has a potential upside of 65.3% based on a current price of $20.45 and an average consensus analyst price target of $33.8.

Unitedntinental Holdings is currently below its 50-day moving average (MA) of $

United Continental Airlines (NYSE:UAL) announced they signed a new multiyear agreement with Travelocity that lets customers to purchase tickets through its family of online book websites such as Travelocity.com, Travelocity Busine

By FNNO Staff
fnnonline@gmail.com

Morgan Stanley Lowered Its PT For Yahoo! To $17, Maintained Its EW Rating

Published on Wed, 07/20/2011 - 12:51
By FNNO Staff in General Interest, business, FINANCE, Investing, Market, news, Stock, trading, yhoo, In The News

The bank sees 2011 EPS of $0.76, down from $0.78 per share, and 2012 EPS of $0.85, down from $0.88 per share.

Yahoo! has a potential upside of 45.4% based on a current price of $13.56 and an average consensus analyst price target of $19.73.

Morgan Stanley lowered its price target for Yahoo! (NASDAQ:YHOO) to $17 from $18 and maintained its equal-weight rating on the stock.

By FNNO Staff
fnnonline@gmail.com

Morgan Stanley Raised Its PT For VMware To $125, Maintained Its OW Rating

Published on Wed, 07/20/2011 - 12:45
By FNNO Staff in General Interest, business, FINANCE, Investing, Market, news, Stock, trading, VMW, In The News

The bank sees 2011 EPS of $1.51, up from $1.43 per share, and 2012 EPS of $1.98, up from $1.90 per share.

VMware is currently above its 50-day moving average (MA) of $96.26 and above its 200-day of $87.72.

Morgan Stanley raised its price target for VMware (NYSE:VMW) to $125 from $114 and maintained its overweight rating on the stock.

By FNNO Staff
fnnonline@gmail.com

Logitech Purchases Mirial

Published on Wed, 07/20/2011 - 11:56
By FNNO Staff in General Interest, business, FINANCE, Investing, LOGI, Market, news, Stock, trading, In The News

Gerald P. Quindlen, Logitech president and chief executive officer said, "The advent of mobile devices has created a new anytime, anywhere office environment - burdening businesses with a fresh set of communications needs and chal

Logitech International (NASDAQ:LOGI) announced Wednesday that it acquired Italian company, Mirial to offer personal and mobile video conferencing software for tablets and smartphones.

By FNNO Staff
fnnonline@gmail.com

Morgan Stanley Raised Its PT For Apple To $469, Maintained Its OW Rating

Published on Wed, 07/20/2011 - 11:53
By FNNO Staff in General Interest, AAPL, business, FINANCE, Investing, Market, news, Stock, trading, In The News

The bank sees 2011 EPS of $26.91 and 2012 EPS of $33.24.

Apple has a potential upside of 17.6% based on a current price of $388.68 and an average consensus analyst price target of $457.24.

Apple is currently above its 50-day moving average (MA) of $340.49 and above its 200-day of $333.28.

Morgan Stanley raised its price target for Apple (NASDAQ:AAPL) to $468 from $428 and maintained its overweight rating on the stock.

By FNNO Staff
fnnonline@gmail.com

Pfizer to Acquire Icagen for $6.00 per Share (PFE,ICGN)

Published on Wed, 07/20/2011 - 10:37
By FNNO Staff in General Interest, business, FINANCE, ICGN, Investing, Market, news, PFE, Stock, trading, In The News

Pfizer (NYSE:PFE) and Icagen (NASDAQ:ICGN) announced that they have entered into a definitive merger agreement. Pfizer, which currently owns approximately 11% of Icagen’'s fully diluted shares, will acquire the remaining 8.3 mill

By FNNO Staff
fnnonline@gmail.com

Bernstein Slashes Goldman Price Target (GS)

Published on Wed, 07/20/2011 - 10:31
By FNNO Staff in General Interest, business, FINANCE, GS, Investing, Market, news, Stock, trading, In The News

Goldman Sachs Group (NYSE:GS) has a potential upside of 42.2% based on a current price of $130.09 and an average consensus analyst price target of $184.95.

Goldman Sachs Group is currently below its 50-day moving average (MA) of $135.75 and below its 200-day MA of $155.32.

Bernstein lowered its price target on Goldman Sachs (NYSE:GS) from $205 to $185 following the company's disappointing Q2 results. The firm cited a sharp drop in trading revenues and surplus capital position being retained by the c

By FNNO Staff
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Carl Icahn Lifted His Bid For Clorox To $80 A Share

Published on Wed, 07/20/2011 - 09:31
By FNNO Staff in General Interest, business, CLX, FINANCE, Investing, Market, news, Stock, trading, In The News

Clorox Chairman and CEO Donald R. Knauss said that his proposal of $76.50 "substantially undervalues" the company, and the board affirmed its commitment to the company's strategy.

Carl Icahn lifted his bid for Clorox (NYSE:CLX) to $80 a share from $76.50. In an amended SEC Form 13-D, Icahn said that in a letter to the company dated Wednesday, he increased the proposal he made on July 14.

By FNNO Staff
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Ecolab Acquires Nalco For Over $5.38 Billion

Published on Wed, 07/20/2011 - 09:20
By FNNO Staff in General Interest, business, ECL, FINANCE, Investing, Market, news, Stock, trading, In The News

Shareholders of Nalco have an option to get 0.7005 shares of Ecolab or $38.80 a share in cash, a 34% premium to Tuesday's close.

Ecolab has a potential upside of 7.1% based on a current price of $55.39 and an average consensus analyst price target of $59.31.

Ecolab Inc (NYSE:ECL) announced their plans to purchase Nalco Holding for $5.38 billion.

By FNNO Staff
fnnonline@gmail.com

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