By FNN Staff
root@fnn-online.com

Videos

  •      11:39 AM Full PlayStation Network Functionality Being Restored to Jap

    Sony (NYSE:SNE) will finish restoring its PlayStation Network later this week when it reactivates the service in Japan, almost two and a half months after its networks were breached by hackers. Beginning July 6, the company will bring back online purchases of game content and video on demand...

  • 11:35 AM Texas Instruments Becomes First Netflix Certified Partner

    Texas Instruments (NYSE:TXN) announced that they have become the first partner to achieve the Netflix (NASDAQ:NFLX) Silicon Reference Implementation certification for the Netflix HD application on Android. TI's OMAP 4 platform met the Netflix requirements for mobile content streaming, including...

  • 11:30 AM NetScout Systems Lowers Its Fiscal 2012 Forecast on Weak Preliminary Q1 Results

    NetScout Systems Inc (NASDAQ:NTCT) reduced its fiscal 2012 profit and revenue estimates yesterday, saying it expects non-GAAP EPS for fiscal 2012 to be in the range of $1.07 to $1.19, vs. the consensus estimate for $1.19 per share, on revenues of $300 to $315 million, vs. the consensus estimate...

  • 11:30 AM Citigroup Raised Its PT For Apollo Group To $44, Maintained Hold

    Citigroup raised its price target for Apollo Group (NASDAQ:APOL) to $44 from $41 and maintained its hold rating on the stock.

    The bank sees 2011 EPS of $4.84, up from $4.73 per share, vs. consensus estimates of $4.82 per share, and 2012 EPS of $3.33, up from $3.26 per share, vs. consensus...

  • 11:13 AM General Dynamics U.S. Navy Contract Modified for an Additional $12.5 Million

    General Dynamics' (NYSE:GD) Electric Boat Division has been awarded a $12.5M contract modification by the U.S. Navy to develop advanced submarine technologies for current and future undersea platforms. Under the terms of the modification, General Dynamics Electric Boat will perform advanced...

  • 11:03 AM Raytheon UK Awarded $16M, 4 Year Contract for U.K. Paveway

    Raytheon UK (NYSE:RTN) has been awarded an approximately $16M four-year contract to provide continued in-service support for both current and legacy U.K. Paveway Weapon Systems for the U.K. Ministry of Defense. Raytheon UK will be responsible for key support activities including configuration...

  • 10:05 AM Morgan Stanley Initiated Coverage Of Yandex NV With An OW Rating

    Morgan Stanley initiated coverage of Yandex (NASDAQ:YNDX) with an overweight rating and $42 price target.

    Morgan Stanley has a potential upside of 30.8% based on a current price of $23.34 and an average consensus analyst price target of $30.52.

    Morgan Stanley is currently below its...

  • 10:03 AM Marvell Expands Buyback Program By $500 Million

    Marvell (NASDAQ:MRVL) announced today that its board of directors has authorized the company to repurchase up to an additional $500 million under its share repurchase program.

    With the increase, the cumulative share repurchase authorized by the board will total $1.5 billion. The company...

  • 09:58 AM UBS Upgrades the New York Times Co to Neutral from Sell, Raises Price Target to $9

    UBS upgraded the New York Times Company (NYSE:NYT) to neutral from sell today, and raised its price target for the stock to $9 from $7.

    The bank said that print trends for the second quarter were better than it was expecting, and the adoption of the paywall has exceeded their initial...

  • 09:57 AM Morgan Stanley Raised Its PT For CBS Corp To $33

    Morgan Stanley raised its price target for CBS Corp. (NYSE:CBS) to $33 from $31 and maintained its overweight rating on the stock.

    The bank now sees 2011 EPS of $1.90, up from $1.84 per share, and 2012 EPS of $2.33, up from $2.29 per share.

    CBS has a potential upside of 6.1% based...