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Corporate Summary




•    Shares of Morgan Stanley (NYSE:(MS - Analyst Report) were guided lower after FrontPoint Partners LLC decided to close some of its hedge funds in which Morgan Stanley holds a minor stake by this month 

•    After a regulatory filing disclosed that the chief scientist of Akamai Technologies Inc. (NASDAQ:(AKAM - Analyst Report) had purchased 50,000 shares of its stock, the company’s shares jumped 5.1%


•    Salesforce.com Inc. (NYSE:(CRM - Analyst Report) reported first quarter fiscal 2012 adjusted net income of 6 cents per share, a penny ahead of the Zacks Consensus Estimate. Revenues for the quarter were $504.4 million, up 33.9% from $376.8 million in the year-ago quarter. Results exceeded the company’s own guidance range of $480.0 million to $482.0 million and the Zacks Consensus Estimate of $483.0 million


•    Bank of America (NYSE:(BAC - Analyst Report) has decided to sell off its left over stake in BlackRock (NYSE:(BLK - Analyst Report) for $2.5 billion


•    Citigroup upgraded The AES Corporation (NYSE:(AES - Analyst Report) to Buy from Hold


•    Piper Jaffray upgraded Sprint Nextel Corp. (NYSE:(S - Analyst Report) to Overweight from Neutral


•    Piper Jaffray downgraded Gap Inc (NYSE:(GPS - Analyst Report) to Neutral from Overweight


•    Liberty Media Corp. offered to buy Barnes & Noble, Inc. (NYSE:(BKS - Snapshot Report) for $17 a share


•    A European regulatory panel recommended approval of Acorda Therapeutics, Inc.'s (NASDAQ:(ACOR - Analyst Report) multiple-sclerosis drug

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