Company News for November 9, 2009

• Kraft (NYSE:KFT - Analyst Report) is due to formalize its Cadbury (NYSE:CBY - Snapshot Report) bid for about $16.7 billion as the deadline for an offer hits

• Northrop Grumman (NYSE:NOC - Analyst Report) 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 - Analyst Report) and Comcast (NASDAQ:CMCSA - Snapshot Report) placed on the joint venture between NBC Universal and Comcast

• Goldman Sachs (NYSE:GS - Analyst Report) upgraded Adobe Systems (NASDAQ:ADBE - Analyst Report) to "buy," and lifted its price target to $42

• Goldman Sachs (NYSE:GS - Analyst Report) added Lexmark (NYSE:LXK - Snapshot Report) to its Conviction Sell list

• KBW upgraded Blackstone Group (NYSE:BX - Snapshot Report) shares to "outperform" with a price target of $18.50

• Windstream (NYSE:WIN - Snapshot Report) 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 - Snapshot Report) 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