Company News for June 01, 2011 - Corporate Summary

•    Ship builder General Dynamics Corp.'s GD share prices rose 4.15% to $74.22 after the company after it announced that it would receive an additional $744 million from the Defense Department which has expanded a preexisting contract

•    Analysts at Piper Jaffray PJC raised the shares of Radian Group RDN from "Neutral" rating to "Over Weight" rating

•    Broadcom Corporation BRCM was upgraded by BMO Capital with an "Outperform" rating and a target price of $50

•    Share prices of software vendor Agilysys, Inc.'s AGYS jumped 42.47% to $6.81 after the company announced plans to sell the technology solutions unit for $64 million

•    Motor oil maker Ashland Inc's ASH share price increased 11.95% after the company said it will buy International Specialty Products Inc. in a deal worth $3.2 billion

•    Canadian utility Fortis Inc FTS announced plans to buy electricity distributor Central Vermont Public Service Corp. CV in a deal valued at $470 million

•    Chinese mobile-phone chain Funtalk China Holdings Ltd's FTLK share prices rose 12.54% on news that the company would be acquired by Fortress Group Ltd

•    Chinese reverse-merger company Yongye International Inc YONG announced a $50 million investment from Morgan Stanley's MS Asian private-equity unit

•    Dex One Corporation DEXO announced that the company's chief financial officer will leave the marketing service provider at the end of July

•    Finnish mobile company Nokia Corp's NOK shares slid 14.39% after the company said profits from the devices & services business for the second quarter will be low because of under-par sales
 
AGILYSYS INC (AGYS): Free Stock Analysis Report
 
ASHLAND INC (ASH): Free Stock Analysis Report
 
BROADCOM CORP-A (BRCM): Free Stock Analysis Report
 
CENTRAL VT PS (CV): Free Stock Analysis Report
 
FUNTALK CHINA (FTLK): Free Stock Analysis Report
 
GENL DYNAMICS (GD): Free Stock Analysis Report
 
MORGAN STANLEY (MS): Free Stock Analysis Report
 
NOKIA CP-ADR A (NOK): Free Stock Analysis Report
 
PIPER JAFFRAY (PJC): Free Stock Analysis Report
 
RADIAN GRP INC (RDN): Free Stock Analysis Report
 
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