Broader Markets To Open Higher
Stocks appear set to open higher
Friday.
David Cammarata, Chief Financial
Officer of Impath
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PowerRating), has resigned from his position to pursue other
opportunities.
According to a report on
Bloomberg.com,
Berkshire Hathaway
(
BRK |
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PowerRating) has sold 23% of its stake in Costco
(
COST |
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PowerRating).
Analog Devices
(
ADI |
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PowerRating) reported Q2
earnings of 13 cents a share, in line with analysts’ expectations according to
Thomson Financial/First Call.
Boston Scientific
(
BSX |
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PowerRating) said it
received a favorable court ruling in a patent infringement case which was
brought by Johnson & Johnson
(
JNJ |
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PowerRating).
AMN Healthcare
(
AHS |
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PowerRating) has priced a
10-million-share offering at $31 a share.
Cumulus Media
(
CMLS |
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PowerRating) has priced a
10-million-share offering at $19.75/share.
Goldman Sachs downgraded Sprint FON
(
FON |
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PowerRating)
from Market Outperform to Market Perform due to the stock’s recent rise.
Merrill Lynch and Goldman Sachs
downgraded Autodesk
(
ADSK |
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PowerRating) after the company reported Q1 earnings but
lowered guidance for Q2.
The Semiconductor Equipment book/bill
ratio rose to 1.20 for the month of April, compared with March’s number of 1.05.