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Corporate Summary


•    NYSE Euronext’s (NYSE:NYX) shares declined 12.6% after NASDAQ OMX Group (NASDAQ:NDAQ) and IntercontinentalExchange (NYSE:ICE) cancelled their bid to acquire NYSE’s parent organization

•    JPMorgan Chase & Co. (NYSE:JPM) upgraded AMR Corporation (NYSE:AMR) to “Overweight” from “Neutral” rating

•    JPMorgan Chase & Co. (NYSE:JPM) upgraded JetBlue Airways Corporation (NASDAQ:JBLU) to “Overweight’ from “Neutral” rating

•    J. C. Penney Company, Inc. (NYSE:JCP) reported first-quarter 2011 earnings of $0.28 cents a share, beating the Zacks Consensus Estimate of $0.25 cents a share. Earnings came in 12% higher than $0.25 cents per share recorded in the prior-year quarter

•    Lowe's Companies, Inc. (NYSE:LOW) posted first-quarter 2011 earnings of $0.34 cents a share, missing the Zacks Consensus Estimate of $0.36 cents a share. Earnings remained flat compared with the prior-year quarter

•    Citigroup, Inc. (NYSE:C) lifted its price target on FirstEnergy Corp. (NYSE:FE) from $36 to $41

•    Stryker Corp. (NYSE:SYK) stated it will acquire Orthovita, Inc. (NASDAQ:VITA) for $316 million, or $3.85 a share

•    Piper Jaffray downgraded Hallmark Financial Services, Inc. (NASDAQ:HALL) to “Neutral” from “Overweight” rating

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