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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