Thursday, January 13, 2011

Early Market News: Northrop Grumman (NYSE:NOC), Prudential Financial (NYSE:PRU), Dell (NASDAQ:DELL)

Here are some more breaking stock news briefs which could see some changes on the markets later. The following stocks should see some movement: Northrop Grumman (NYSE:NOC), Prudential Financial (NYSE:PRU), Dell (NASDAQ:DELL). 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 announced the delivery of the 20,000th navigation device used in fighter aircraft. The LN-200 device, developed by the Navigation Systems Division of Northrop Grumman is used for instrument stabilization, motion compensation and as a backup navigation sensor for fighter aircraft, missiles and the Mars Rover. It has been in high production since 1994 and delivered to more than 100 customers worldwide. Gorik Hossepian, vice president of navigation and positioning systems for Navigation Systems Division of Northrop Grumman (NYSE:NOC) said, "Its high demand is testament to its superior performance and versatility." Prudential Financial (NYSE:PRU) Prudential Financial (NYSE:PRU) has planned to start a mutual fund focused on buying leveraged loans. According to a prospectus filed with the Securities and Exchange Commission, Prudential Financial (NYSE:PRU)'s Floating Rate Income Fund may invest up to 80 percent of its assets in loans and other floating-rate debt. This fund by Prudential Financial (NYSE:PRU) will be invested primarily in senior loans that are rated below investment grade or unrated senior loans of comparable quality. Dell (NASDAQ:DELL) Dell (NASDAQ:DELL) has entered the Indian printer market with a comprehensive range of products. With this move, the US-based computer-maker Dell (NASDAQ:DELL) has expanded its product portfolio in the country. The range, which constitutes seven printers, will be available across the country by end of this month with 16 service centers in the country. P Krishnakumar, Dell (NASDAQ:DELL) India Director Marketing, Consumer, Small and Medium Business (CSMB) said, "With the launch of these printers in India, we have added one more dimension to our portfolio and now offer more comprehensive solutions to our customers." There will probably be more movement when trading continues for Northrop Grumman (NYSE:NOC), Prudential Financial (NYSE:PRU) and Dell (NASDAQ:DELL).
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