Company News for October 25, 2010

• The Singapore Stock Exchange agreed to purchase its Australia-based peer, ASX, for $8.3 billion

• Carlyle announced plans to buy CommScope (NYSE:CTV) for $31.50 per share

• Lorillard (NYSE:LO - Analyst Report) reported third quarter earnings of $1.81 a share, $0.17 higher than estimated, on revenues up 12.6% to $1.1 billion topping Street estimates of $1.0 billion

• RadioShack (NYSE:RSH - Analyst Report) posted estimate-topping earnings of $0.37 up from estimates of $.0.35 on inline revenues of $1.05 billion

• Office Depot (NYSE:ODP - Analyst Report) reported earnings of $0.18, up from estimates of a $0.02 loss, on inline revenues of $2.9 billion

• Bank of America (NYSE:BAC - Analyst Report) admitted to foreclosure mistakes, even as it downplayed the import of the errors

• FBR downgrades Microsoft (NASDAQ:MSFT - Analyst Report) from "outperform" to "market perform," taking the target price from $32 to $27

• Goldman Sachs (NYSE:GS - Analyst Report) added Citigroup (NYSE:C - Analyst Report) to its Conviction Buy List, with a $5.50 price target

• FBR downgraded Home Depot (NYSE:HD - Analyst Report) from "outperform" to "market perform," with a price target of $32

Read the full analyst report on CTV

Read the full analyst report on LO

Read the full analyst report on RSH

Read the full analyst report on ODP

Read the full analyst report on BAC

Read the full analyst report on MSFT

Read the full analyst report on GS

Read the full analyst report on C

Read the full analyst report on HD