Back to top
Read MoreHide Full Article

•    Shares of Morgan Stanley (NYSE:(MS - Free 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 - Free Report) had purchased 50,000 shares of its stock, the company’s shares jumped 5.1%

• Inc. (NYSE:(CRM - Free 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 - Free Report) has decided to sell off its left over stake in BlackRock (NYSE:(BLK - Free Report) for $2.5 billion

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

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

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

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

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

More from Zacks Corporate Summary

You May Like