Analyst Matthew S. Robison at Wunderlich Securities has initiated coverage for Research In Motion Limited (NASDAQ: RIMM) with Buy rating. The price target for Research In Motion Limited stock has been set at $96.
Bloomberg reports, citing a story by China Business News, that Google, Inc. (NASDAQ: GOOG) may exit China on April 10. China Business News has cited an unidentified Google sales agent in China as its source of information.
The Wall Street Journal reports that New York Attorney General, Andrew Cuomo, said on Thursday that he is investigating a pension “spiking” case in the state. Pension “spiking” refers to large increases in salary of a government worker just when he is about to retire. This practice gives boost to the worker’s lifelong pension payout.
The Wall Street Journal reports that European markets climbed higher on Friday on back of strong performance by bank stocks. Bank stocks received a boost after Lloyds banking Group (ADR) (NYSE: LYG) announced that it was expecting to return to profitability this year.
Bloomberg reports that Chubb Corporation (NYSE: CB) CEO, John Finnegan, said the bailout of rivals, which were struggling, by U.S. government has affected the smooth functioning of the markets and harmed Chubb’s competitive position.
Bloomberg reports that Ernst & Young’s auditing of Lehman Brothers’ (OTC: LEHMQ) accounts shows that audit firms still put clients interest ahead of those of investors.
ICx Technologies, Inc. (NASDAQ: ICXT), which develops and integrates advanced sensor technologies for homeland security, force protection and commercial applications, reported its fourth-quarter results on Thursday. The company saw its losses widen in the fourth-quarter.
Bloomberg reports that CIT Group Inc. (NYSE: CIT) CEO, John Thain, plans to retain the company’s aircraft finance unit during the next round of asset sales.