Wednesday, April 7, 2010 as of 11:14 AM ET
L-3 Communications Holdings, Inc. () is a company that supplies command and control, communications, intelligence, surveillance and reconnaissance (C3ISR) systems and products, avionics, ocean products, training devices and services, instrumentation, space, and navigation products.
Read More at Wikipedia ›PepsiCo (NYSE:PEP) was upgraded to outperform from underperform by CLSA on Wednesday, with the brokerage firm saying chances for a break-up have improved following news that activist investor Ralph Whitworth snagged a stake in the soda and snacks giant worth about $610 million.
The investment company also lifted its price target on Pepsi to $75 from $66.While Whitworth's stake is small, his reputation as an activist shareholder and corporate governance expert could push Pepsi's board to reexamine the benefits of a split, CLSA analyst Caroline Levy said.CLSA said it has long held the view that the Purchase, N.Y.-based maker of Frito-Lay and Gatorade is "more valuable as separate, focused entities than as one."A split-up is "more likely than not, as major shareholders and activists both seem interested in pushing PepsiCo towards it," Levy said.Shares of Pepsi were up about 1.3% to $68.71 Wednesday morning. Whitworth's Relational Investors held almost 9 million shares in Pepsi as of March ...On a trading day that saw the S&P 500 gain 0.1%, the Capital Goods sector (XLI) showed little change.The ETF, as a proxy for the sector, tracked farther from the ove...
When companies suffer a serious cyber attack that leads to the loss of intellectual property or does damage to valuable infrastructure, they are left with a vexing q...
By Scott MaloneBOSTON (Reuters) - Two top U.S. defense contractors posted sales that missed Wall Street's expectations on Wednesday in a sign that federal efforts to...
Fmr. Dept. of Transportation Inspector General Mary Schiavo on how the new airport security measures improve safety for passengers.
So which elected officials own stakes in full-body scanning machines now in more than 60 U.S. airports? And what are those individual investments worth?We still can’...
The controversy surrounding the pat downs and body scanners at airports continues to heat up. People are furious about what many are calling inappropriate frisks by ...
We break down what the defunct auto manufacturer is doing to get you into one of its vehicles.
