Company News for November 9, 2009

• 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

Read the full analyst report on KFT

Read the full analyst report on CBY

Read the full analyst report on NOC

Read the full analyst report on GE

Read the full analyst report on CMCSA

Read the full analyst report on GS

Read the full analyst report on ADBE

Read the full analyst report on LXK

Read the full analyst report on BX

Read the full analyst report on WIN

Read the full analyst report on DISH