Higher Opening For The Broader Markets
Stocks appeared set to open higher
Tuesday after the Memorial Day weekend.
The Great A&P Tea Company
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said it has delayed filing the company’s 10-K with the SEC due to an accounting
review.
Cognos
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pending patent litigation suit with Business Objects
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to pay $24 million to BOBJ.
The U.S. Attorney has subpoenaed
Dynegy
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JP Morgan upgraded Republic Services
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from Market Perform to Long Term Buy based on its investment into a risk-averse
flight to quality of the environment and its risk-to-reward outlook.
Barra
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Morgan from Buy to Long Term Buy due to weak POSIT volume.
Morgan Stanley upgraded Pride
International
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Peregrine’s
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directors has terminated KPMG after the firm was advised by its independent
auditors that there were approximately $35 million worth of transactions which
are questionable with KPMG and KPMG consulting.
Merrill Lynch lowered its estimates on
Intel
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PowerRating) for the June quarter from $6.96 billion in revenues and 18
cents earnings per share to $6.76 billion in revenues and 17 cents a share.
Earnings for 2002 were cut from 77 cents a share to 75 cents a share.
Blue Rhino
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earnings for Q3 of 16 cents a share on a diluted basis, beating analysts’
consensus by 7 cents according to a survey taken by Thomson Financial/First
Call.
Spring FON
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to Hold by UBS Warburg and lowered its price target on the company from $20 to
$18 citing the upside potential in the near term is limited.
Home Depot
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UBS Warburg from Buy to Hold.
Merrill Lynch upgraded Cognos
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from Neutral to Near Term Buy.