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The major US equity indices closed mixed Friday, one day after the indices peaked at two-year highs. The Conference Board reported a 1.1% boost to its leading economic indicators in November, up from a 0.4% increase in October. The Labor Department reported that 15 US states showed a decline in unemployment rates in November, whereas 21 states reported a spike in unemployment rates. Georgia and Idaho had the highest unemployment rate increases, from 9.8% to 10.1% in Georgia, and from 9.1% to 9.4% in Idaho. However, Michigan and Pennsylvania reported the biggest unemployment rate declines last month, from 12.8% to 12.4% in Michigan, and from 8.8% to 8.6% in Pennsylvania. In corporate news, the US Food and Drug Administration asked AstraZeneca PLC (NYSE:AZN) for additional data from the company’s study of a new heart drug, Brilinta. The FDA’s approval of Brilinta could be delayed by at least six months, and will not be approved until further information is handed over by AstraZeneca. Citigroup Inc. hiked its price target for Research In Motion Ltd. (NASDAQ:RIMM) from $55.00 to $56.00, with a Sell rating maintained, following the BlackBerry-maker’s above-expected financial results from Thursday afternoon. Citigroup also lifted RIM’s 2011 EPS estimate from $5.99 to $6.32, and boosted its 2012 EPS estimate from $5.12 to $5.62. General Motors Co. (NYSE:GM) announced a recall of 100000 2011 model year Cadillac SRXs, Chevrolet Equinoxes, and GMC Terrains. The recall stems from …
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