Company News for November 8, 2010 - Corporate Summary

• UBS (NYSE:UBS) upgraded Intel (NASDAQ:INTC) to “buy” from “neutral,” taking the price target to $25 from $20

• Shares of Boeing (NYSE:BA) weakened after reports in the Aviation Week asserted the firm had alerted several early Dreamliner customers of delays of up to ten months. However, the firm received orders for 20 aircrafts from Saudi Arabia Airline, with options for an additional 10

• Reports say AOL (NYSE:AOL) is exploring options including a tie-up with Yahoo (NASDAQ:YHOO)

• Amazon.com (NASDAQ:AMZN) is planning to buy e-commerce company, Quidsi, for $540 million

• FBR maintains it “market perform” rating on United Technologies (NYSE:UTX) with a price target of $80

• Ashland (NYSE:ASH) plans to sell a division for $930 million

• Royal Dutch Shell (NYSE:RDS) plans to sell about a third of its Woodside Petroleum unit for $3.3 billion

• Frontier Communications (NYSE:FTR) posted third quarter earnings that missed Zacks estimates of $0.10, with results of $0.08 on inline revenues of $1.4 billion

• Jeffries (NYSE:JEF) upgraded Simon Property Group (NYSE:SPG) to “buy” from “hold” lifting the price target from $93 to $120

Company News for November 8, 2010 – Corporate Summary

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