Company News for March 29, 2011 - Corporate Summary

• The U.S. International Trade Commission said on Friday that it will review a patent decision that went against Kodak in January. Reacting to the news, shares of Eastman Kodak Co EK rocketed 5.3% to $3.72

• Robert W. Baird & Co upgraded wireless carrier Leap Wireless International, Inc. LEAP to “Outperform” from “Neutral” rating

• Rural/Metro Corporation RURL said it would be acquired by private equity firm Warburg Pincus for $17.25 per share

• Late on Friday, Chinese insurer and broker CNinsure Inc.'s CISG  said it would sell Beijing Fanhau Datong Investment Management Co. Ltd. for nearly $64 million

• Chinese jewelry company Fuqi International, Inc. FUQI again delayed the filing of its restated 2009 results, citing an internal investigation of cash transfers. Reacting to the news, Fuqi International Inc.'s shares fell 18%

• Goodyear Tire & Rubber Co GT said it is making a public offering of $435 million of mandatory convertible preferred stock

• Barclays Capital analysts upgraded Babcock & Wilcox Co BWC to “Equal weight” rating, increasing the target price from $29.00 to $33.00

• Wedbush analysts started coverage on American Superconductor Corporation AMSC with a “Neutral” rating and a target price of $25