Company News for December 31, 2009 - Corporate Summary
• A spat between the Fox division of News Corp. (NASDAQ:NWSA) and Time Warner Cable (NYSE:TWC) threatens to cause a midnight blackout of Fox programming, as Fox seeks $1/month/subscriber and Time Warner is willing to pay 20 cents.
• Piper Jaffray (NYSE:PJC) maintains an "overweight" rating on Target (NYSE:TGT) shares, with a $57 price target.
• Gencor (NASDAQ:GENC) reported a fourth quarter loss of 12 cents versus one penny a year ago on revenue of $10.4 million, down from $21.5 million last year.
• Deutsche Bank (NYSE:DB) expects market share gains from retailers Nordstrom (NYSE:JWN) Kohl's (NYSE:KSS) and Target (NYSE:TGT), as the firm anticipates retail sales growth of 2.2% in December.
• FBR maintained a "market performance" rating on Intel (NASDAQ:INTC) with a price target of $27.
• JP Morgan's (NYSE:JPM) monthly auto review for December anticipates US light vehicle sales to increase to 11.3 million from November's 10.9 million. The analyst advises remaining long in suppliers with top choices: Cooper Tire (NYSE:CTB), Dana Holdings (NYSE:DAN), Lear Corp (NYSE:LEA), Tenneco (NYSE:TEN) and TRW Automotive Holdings (NYSE:TRW).
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