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ABB, BP, Coca-Cola, Lockheed, Morningstar, Wendy’s: U.S. Equity Preview
2011-12-12 10:01:02

Index changes: Avago Technologies Ltd. (AVGO) , Fossil Inc. (FOSL) , Randgold Resources Ltd. (RRS) , Hansen Natural Corp. (HANS) and Nuance Communications Inc. (NUAN) were picked to join the Nasdaq 100 Index of the largest non- financial stocks, according to a statement from Nasdaq.

They will replace Flir Systems Inc. (FLIR) , Illumina Inc. (ILMN) , NII Holdings Inc. (NIHD) , Qiagen NV (QGEN) and Urban Outfitters Inc. (URBN) , according to the statement.

ABB Ltd. (ABB) : The power technology company’s U.S.- traded shares may rise to the mid-$20s in the next year as global demand for smart electrical grids expands and profit margins widen, Barron’s reported.

BP Plc (BP) : The U.K. company won’t face oil-spill claims by Mexican states and Alabama cities, a judge ruled. The judge also ruled out Louisiana state wildlife claims, while allowing some local government spill-damage and tax-loss claims after the biggest oil spill in U.S. history.

Coca-Cola Co. (KO) : The world’s largest soft-drink maker will boost its U.S. investment next year to more than the $3 billion it spent in 2011, Chief Executive Officer Muhtar Kent said in a Bloomberg Television interview.

Lockheed Martin Corp. (LMT) : The world’s largest defense company received a $4 billion order from the U.S. Defense Department for 30 F-35 Joint Strike Fighter jets, the Pentagon said in a contract announcement.

Morningstar Inc. (MORN) : The company best known for its five-star mutual-fund ratings increased its quarterly dividend to 10 cents a share from 5 cents and said it may buy back as much as an additional $200 million in stock. The company has bought back $44.1 million under an existing $100 million repurchase plan.

Wendy’s Co. (WEN US): Shares of the restaurant chain may stall unless it starts focusing on improving its stores rather than buying back shares, Barron’s reported in its “The Trader” column, citing Howard Penney, an analyst at Hedgeye Risk Management.

To contact the reporters on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.

http://www.bloomberg.com/news/2011-12-11/abb-bp-coca-cola-lockheed-wendy-s-u-s-equity-preview.html





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