Company News for November 18, 2011 - Corporate Summary

By Zacks Equity Research,

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•    Sears Holdings Corporation (NASDAQ: SHLD ) posted Q3 adjusted loss of $2.57 per share, wider than the Zacks Consensus Estimate of a loss of $2.14 per share. Revenues for the quarter dropped 1.2% to $9.57 billion

•    Embraer S.A. (NYSE: ERJ ) and Alcoa Inc. (NYSE: AA ) entered into a new technology sharing agreement, which will enable Embraer to improve the fuselage and the wings for its family of aircraft

•    According to a Wall Street Journal report, companies like Foot Locker (NYSE: FL ), will lose the most from a standoff between owners and players of the National Basketball Association since the company generates a significant amount of revenue from selling basketball related products

•    Goldman Sachs upgraded shares of American Tower Corporation (NYSE: AMT ) to its Conviction Buy list. Earlier the shares were rated "Buy"

•    Oppenheimer upgraded shares of Cadence Pharmaceuticals, Inc. (NASDAQ: CADX ) to a "Perform" rating from "Underperform"

•    Share prices of ACCO Brands Corp. (NYSE: ABD ) rocketed 26.44% to close at $8.80 after the company inked an agreement as per which it will merge  with MeadWestvaco Corp. (NYSE: MWV ) in a deal worth $860 million

•    Chip technology company Rambus Inc's. (NASDAQ: RMBS ) share prices increased 23.49%, day after plummeting more than 60% after the company lost a long drawn legal anti-trust case against Hynix Semiconductor and Micron Technology (NYSE: MU )

•    Shares of youth clothing chain Children's Place Retail Stores, Inc. (NASDAQ: PLCE ) gained 15.13% to close at $51.81 after the company increased its earnings outlook for 2011

•    Shares of Zoll Medical Corporation (NASDAQ: ZOLL ) advanced 22.94% to end the day at $43.84 after the defibrillator-maker forecasted its revenue for 2012, which exceeded Street's estimates

ALCOA INC ( AA ): Free Stock Analysis Report
ACCO BRANDS CP ( ABD ): Free Stock Analysis Report
AMER TOWER CORP ( AMT ): Free Stock Analysis Report
CADENCE PHARMA ( CADX ): Free Stock Analysis Report
EMBRAER AIR-ADR ( ERJ ): Free Stock Analysis Report
FOOT LOCKER INC (FL): Free Stock Analysis Report
MICRON TECH (MU): Free Stock Analysis Report
MEADWESTVACO CP (MWV): Free Stock Analysis Report
CHILDRENS PLACE (PLCE): Free Stock Analysis Report
RAMBUS INC (RMBS): Free Stock Analysis Report
SEARS HLDG CP (SHLD): Free Stock Analysis Report
ZOLL MEDICAL CO (ZOLL): Free Stock Analysis Report
Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Investing Ideas , Stocks
Referenced Stocks: AA , ABD , AMT , CADX , ERJ

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