Here is another batch of stock briefings which may affect stock trading as the markets continue today.
The following companies should see some movement: Northrop Grumman (NYSE:NOC), Caterpillar Inc. (NYSE:CAT), IBM (NYSE:IBM).
Here is a more detailed look at the news that will affect each company when trading continues.
Northrop Grumman (NYSE:NOC)
Northrop Grumman (NYSE:NOC) has won a NASA contract to build Modular Space Vehicles for the DoD.
Under the terms of the contract, Northrop Grumman (NYSE:NOC) will perform under initial task orders valued at $46 million in support of the ORS Office situated at Kirtland Air Force Base, N.M.
Steve Hixson, vice president of the Advanced Programs and Technology Division of Northrop Grumman Aerospace Systems (NYSE:NOC), said, “We are very pleased to have this opportunity to work with Ames Research Center again and build on our recent mutual successes on the LCROSS mission.”
Caterpillar Inc. (NYSE:CAT)
Caterpillar (NYSE:CAT) has signed an MOU on Partnership with KOTRA.
Caterpillar Inc. (NYSE:CAT), the world’s largest manufacturer of construction equipment, signed a memorandum of understanding with the Korea Trade Investment Promotion Agency, which aims to create a joint venture for components and parts supplies.
The two companies decided to buildup cooperation to extend business relationships at the two-day 2010 Global Partnering Chicago hosted by KOTRA Chicago.
IBM (NYSE:IBM) has announced the completion of the acquisition of Netezza Corp.
IBM (NYSE:IBM)’s acquisition of Netezza, a leading company in data warehousing technology, was an all-cash transaction of $1.70 billion or $27.00 per share.
This deal will give a healthy a boost to IBM’s business analytics capabilities, driving revenue growth over the long term. In addition, the purchase is expected to improve IBM’s viable capabilities in the data warehousing market.
We may see more movement when trading continues for Northrop Grumman (NYSE:NOC), Caterpillar Inc. (NYSE:CAT) and IBM (NYSE:IBM).