Company News for October 1, 2009

• Alcoa (NYSE:AA - Analyst Report) was upgraded to "buy" from "hold" by Deutsche Bank (NYSE:DB - Snapshot Report) due to a "more optimistic view of base, bulk and precious metals over the medium-term"

• After yesterday's close, Bank of America (NYSE:BAC - Analyst Report) CEO, Ken Lewis, announced plans to retire. The bank also reported plans to sell its asset-management unit to Ameriprise (NYSE:AMP - Analyst Report) for between $900 and $1.2 billion

• Goldman Sachs (NYSE:GS - Analyst Report) received two brokerage upgrades

• Comcast (NASDAQ:CMCSA - Analyst Report) denied reports of talks with General Electric (NYSE:GE - Analyst Report) over the purchase of a stake in NBC Universal

• Cisco Systems (NASDAQ:CSCO - Analyst Report) initiated a $3 billion cash offer for Norwegian video-conferencing firm Tandberg

• Microsoft (NASDAQ:MSFT - Analyst Report) was removed from Goldman Sachs' (NYSE:GS - Analyst Report) Conviction Buy List, with its "buy" rating maintained and a $30 price target

• Constellation Brands (NYSE:STZ - Analyst Report) reported fiscal second quarter results of 45 cents up from estimates of 41 cents equaling last year's 45 cents

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