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JPMorgan, RBS named in Fed Lawsuit
Publish Date : 6/21/2011 10:27:00 AM
The National Credit Union Association (NCUA), a United States federal agency, filed two lawsuits against JPMorgan Chase and Co. and RBS Group PLC.
Research in Motion Starts Handing out Layoff Notices: Reports
Publish Date : 6/21/2011 9:50:49 AM
Blackberry maker Research in Motion (Nasdaq: RIMM) has started to handout layoff notices after it said last Friday that it would cut unspecified number of jobs, a local newspaper said on Tuesday.
Ingersoll-Rand Retains Buy Rating at Deutsche Bank
Publish Date : 6/17/2011 3:00:00 PM
As the management of Ingersoll-Rand Co. (NYSE: IR) continues to see a recovery in the US, guided by the light commercial side of the market, analysts at Deutsche Bank reiterated Buy rating on the shares of the former. They set a price target of $58 for the stock.
Tyco Retains Buy Rating at DB
Publish Date : 6/17/2011 3:00:00 PM
Analysts at Deutsche Bank maintained Buy rating on the shares of Tyco International Ltd. (NYSE: TYC) as the latter sees a continued momentum in ADT Pulse adoption rates that has moved from 14.5 percent in first quarter of 2011 to 15.5 percent in second quarter of FY2011. They set a price target of $56 for the stock.
Parker-Hannifin Maintains Buy Rating at DB
Publish Date : 6/17/2011 2:30:00 PM
Analysts at Deutsche Bank maintained Buy rating on the shares of Parker Hannifin Corp. (NYSE: PH) as it reiterated its 10 percent per annum revenue growth target, with 5 percent from organic growth. They set a price target $103 for the stock.
Research in Motion Plunge, Taking Sector Lower
Publish Date : 6/17/2011 2:15:00 PM
Shares of Research in Motion Limited (Nasdaq: RIMM) fell hard on Friday morning as the BlackBerry maker slashed its forecast, pulling the rest of the sector lower.
Sears, BJ’s leads Retail Sector Higher
Publish Date : 6/17/2011 1:40:00 PM
The retail sector rose Friday led the rise in stock prices of Sears Holdings Corp. (Nasdaq: SHLD) and BJ’s Wholesale Club Inc. (NYSE: BJ).
Honeywell Maintains Buy Rating at DB
Publish Date : 6/17/2011 1:30:00 PM
Analysts at Deutsche Bank maintained Buy rating on the shares of Honeywell International Inc. (NYSE: HON) as the latter modified its SM margin guidance to 17 to 17.5 percent, compared to 17 to 18 percent previously. They set a price target of $69 for the stock.
RIMM Gets Sell Rating at DB
Publish Date : 6/17/2011 1:00:00 PM
Based on the disappointing quarterly earnings of Research in Motion Ltd. (Nasdaq: RIMM), analysts at Deutsche Bank reiterated Sell rating on the shares of RIMM. They set a price target of $20 for the stock based on their DCF analysis using 11 percent discount rate and 3 percent growth rate.
Financial Sector rose Friday on Greece’s Issue
Publish Date : 6/17/2011 12:50:00 PM
U.S. financial stocks rose on Friday as indications of a stabilizing Greek debt crisis helped lift banks, but in a blast from the past shares of the rating agencies fell as word came that the SEC is investigating their behavior during the mortgage boom.

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