02/15
Headlines

JDS Uniphase Corp

Trader’s Alert: Broadcom Corporation (NASDAQ:BRCM), JDS Uniphase Corp (NASDAQ:JDSU), Applied Materials (NASDAQ:AMAT), Marvell Technology Group (NASDAQ:MRVL)

Kristen Barton02 mins

Nomura downgraded Broadcom Corporation (NASDAQ:BRCM) to “neutral” from “buy” and set a $30 price target. The firm noted the company is likely not seeing enough design wins in LTE to drive earnings. Separately, TheStreet Ratings team rates Broadcom Corporation (NASDAQ:BRCM) as a Hold with a ratings score of C+. Broadcom Corporation (NASDAQ:BRCM) stock performance was…

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Mid Cap Losers: Avon Products (NYSE:AVP), Ocwen Financial Corp (NYSE:OCN), Sally Beauty Holdings (NYSE:SBH), JDS Uniphase (NASDAQ:JDSU)

Jason Knox02 mins

Avon Products Inc. (NYSE:AVP) will pay $135 million to settle a long-standing U.S. government probe into whether the cosmetics company paid bribes in China and other countries to gain favors. Avon Products Inc. (NYSE:AVP), the world’s largest direct seller of cosmetics, said it would fork over $68 million to the Justice Department and $67 million…

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Communication Equipment: Nokia Corporation (ADR) (NYSE:NOK), QUALCOMM (NASDAQ:QCOM), Alcatel Lucent (NYSE:ALU), JDS Uniphase Corp (NASDAQ:JDSU)

Colin Pettis02 mins

Nokia Corporation (ADR) (NYSE:NOK) suffered a jolt when the Supreme Court refused to lift the restraint on sale of its Indian assets, including the Chennai plant, as part of the handset maker’s global deal with the Microsoft. The apex court dismissed Nokia’s plea against the Delhi High Court order directing its parent company in Finland…

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