Company News for December 1, 2010 - Corporate Summary

• State Street STT said it will lay off 1,400 jobs, or 5% of its workforce

• RLI RLI said it will pay a $7.00 per share special dividend

• Bank of America BAC initiated coverage of Dendreon DNDN with a "buy" rating and a price target of $44

• Jefferies JEF initiated coverage of Expedia EXPE with a "buy" rating and a price target of $36

• Goldman Sachs GS upgraded Tyson TSN to "neutral" from "sell," with a price target of $15

• UBS UBS upgraded Kroger KR to “buy” from "neutral" 

• JP Morgan JPM upgraded Deutsche Bank DB from "underweight" to "neutral"

• HSBC HBC started coverage of Corning GLW with an "overweight" rating and a $23 price target

• JP Morgan JPM initiated coverage of American Express AXP with an "overweight" rating and a price target of $50

 
BANK OF AMER CP (BAC): Free Stock Analysis Report
 
DEUTSCHE BK AG (DB): Free Stock Analysis Report
 
DENDREON CORP (DNDN): Free Stock Analysis Report
 
EXPEDIA INC (EXPE): Free Stock Analysis Report
 
CORNING INC (GLW): Free Stock Analysis Report
 
HSBC HOLDINGS (HBC): Free Stock Analysis Report
 
JEFFERIES GP-NW (JEF): Free Stock Analysis Report
 
JPMORGAN CHASE (JPM): Free Stock Analysis Report
 
KROGER CO (KR): Free Stock Analysis Report
 
RLI CORP (RLI): Free Stock Analysis Report
 
STATE ST CORP (STT): Free Stock Analysis Report
 
TYSON FOODS A (TSN): Free Stock Analysis Report
 
UBS AG (UBS): Free Stock Analysis Report
 
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