Early Market News: Northrop Grumman (NYSE:NOC), Prudential Financial (NYSE:PRU), IBM (NYSE:IBM)

Here is another batch of stock briefings which may affect trading on world markets later today. The following companies should see some movement: Northrop Grumman (NYSE:NOC), Prudential Financial (NYSE:PRU), 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 appealed to shareholders to favor a spinoff of Ship Unit than Sale. A sale might have raised $2.5 billion to $3 billion before taxes, while a spinoff may be valued at about $2 billion, a person said. David Rowlett, a Baltimore-based analyst said, "Shipyards require a lot of management focus and attention, so Northrop would be better served if the ship unit is under a dedicated management team." Northrop filed documents with the U.S. Securities and Exchange Commission on Oct. 15 to start the process of spinning off the ship unit as an independent company. Prudential Financial (NYSE:PRU) Prudential Financial (NYSE:PRU) has announced that 2011 profit may miss estimates due to AIG deal costs. The company incurs costs on the acquisition of two American International Group Inc. (AIG) businesses, Star Life Insurance Co. and Edison Life Insurance Co. Next year's profit, excluding the results of policies sold before the company went public and some investments, will probably be $5.60 to $6 a share, the Newark, New Jersey-based company said today in a regulatory filing. The average estimate of 18 analysts surveyed by Bloomberg was $6.53. IBM (NYSE:IBM) IBM (NYSE:IBM) has launched an iPhone application for water quality tests. IBM (NYSE:IBM)'s new software really useful to the people who are living in the polluted area. It works quite easily and accurately. This software will change mobile phone to a sensor, and change history in the process. Watershed biologist for San Jose said, "There are only so many of us here in watershed protection, and we can only see what we can during business working hours of the day." We may see more movement when trading continues for Northrop Grumman (NYSE:NOC), Prudential Financial (NYSE:PRU) and IBM (NYSE:IBM).
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