Ed Liston

Old Republic International Corporation (ORI) Maintains Buy Rating

Analyst Elizabeth C. Malone at Wunderlich Securities has released an update on Old Republic International Corporation (NYSE: ORI).

Tower Group, Inc. (TWGP) Maintains Buy Rating

Analyst Elizabeth C. Malone at Wunderlich Securities has released an update on Tower Group, Inc. (NASDAQ: TWGP).

Research In Motion Limited’s (RIMM) Coverage Initiated With Buy Rating And $96 Price Target

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.

Google (GOOG) May Exit China

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.

New York Attorney General Investigating “Manipulation” Of Government Workers’ Salaries

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.

European Markets Receive A Boost From Bank Stocks (LYG, CS)

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.

Bailout Of Rivals Has Harmed Chubb Corporation’s (CB) Competitive Position, Says CEO

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.

Lehman Case Shows Audit Firms Still Putting Client’s Interest Ahead Of Investors (WMT, COP, TGT)

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. (ICXT) Reports Fourth-Quarter Results

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.

John Thain Plans To Retain CIT Group’s (CIT) Aircraft Finance Unit

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.