American Apparel Inc. (APP US): The operator of more than 280 clothing stores said John Luttrell will become chief financial officer tomorrow.
Bank of America Corp. (BAC US): The biggest U.S. lender by assets said it created a unit to modify delinquent mortgages, handle foreclosures and resolve investor disputes over faulty loans originated by the company. The unit will be led by Terry Laughlin, according to a statement.
Bemis Co. (BMS US): The maker of packaging products and pressure-sensitive materials boosted its quarterly dividend to 24 cents from 23 cents.
Broadcom Corp. (BRCM US): The biggest maker of chips for television set-top boxes said it paid Morgan Stanley $300 million under an accelerated share buyback agreement.
DuPont Co. (DD US): The biggest U.S. chemical maker may rise to as high as $65 if the proposed $6.3 billion acquisition of Danisco A/S boosts its food-related businesses, Barron’s reported, citing Soleil Securities analyst Mark Gulley.
Genzyme Corp. (GENZ US) and Sanofi-Aventis SA are likely to approve a takeover of the U.S. biotechnology company and are discussing a price of about $74 a share, plus potential additional payments tied to the performance of a Genzyme drug.
InterDigital Inc. (IDCC US): The designer of mobile-phone technology may rise as much as 15 percent as demand increases for its network-maximizing technology and as it moves to a new business model, Barron’s said in its “The Trader” column.
Questcor Pharmaceuticals Inc. (QCOR US): The maker of a treatment for seizures in infants may drop by more than half as the overhaul of the U.S. health-care system slashes earnings for the product, Acthar, Barron’s reported, citing analyst Mark Roberts.
Starbucks Corp. (SBUX US): The world’s biggest coffee-shop operator may rise as much as 15 percent in the next year on “growth initiatives” such as its Via instant coffee, Barron’s reported in its “The Trader” column, citing Sanford C. Bernstein analyst Sara Senatore.
Terremark Worldwide Inc. (TMRK US): The operator of data centers that provide security and recovery services for electronic information as well as storage and cloud computing said third-quarter sales beat estimates by 3.8 percent, according to data compiled by Bloomberg. The company also raised its 2011 sales forecast to $352 million to $355 million, compared with the average analyst projection for $352.56 million. For the latest updates PRESS CTR + D or visit Stock Market news Today
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