• Kraft (NYSE:KFT) is due to formalize its Cadbury (NYSE:CBY) bid for about $16.7 billion as the deadline for an offer hits
• Northrop Grumman (NYSE:NOC) announced it is selling its TASC consulting operations to two private equity firms for $1.65 billion
• About $30 billion was the agreed-to valuation which General Electric (NYSE:GE) and Comcast (NASDAQ:CMCSA) placed on the joint venture between NBC Universal and Comcast
• Goldman Sachs (NYSE:GS) upgraded Adobe Systems (NASDAQ:ADBE) to “buy,” and lifted its price target to $42
• Goldman Sachs (NYSE:GS) added Lexmark (NYSE:LXK) to its Conviction Sell list
• KBW upgraded Blackstone Group (NYSE:BX) shares to “outperform” with a price target of $18.50
• Windstream (NYSE:WIN) reported third-quarter earnings of 24 cents a share, two cents over Zacks estimates, on revenues of $734 million, below Zacks estimates of $747 million
• DISH Network (NASDAQ:DISH) reported third-quarter earnings of 18 cents, 25 cents under Zacks estimates, on revenues of $2.89 billion, which missed Zacks estimates of $2.93 billion
