Boeing fell$. 19 or. 2 percent, to $94.11. Lockheed Martin Corp. fell$. 83 or. 8 percent, to $102.05. Northrop Grumman Corp. rose$. 12 or. 2 percent, to $77.33.
Boeing rose$. 60 or. 6 percent, to $94.79. Lockheed Martin Corp. rose$. 69 or. 7 percent, to $102.88. Northrop Grumman Corp. rose$. 15 or. 2 percent, to $77.21.
WASHINGTON, May 7- The new head of the U.S. Securities and Exchange Commission defended on Tuesday the agency's policy of letting firms settle civil charges without admitting or denying them, but also pledged to review the practice. The practice has come under fire from some federal judges and lawmakers who argue the SEC should insist on an admission of guilt.
*Bank of America to defend against remaining claims. May 7- American International Group Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed securities.
Boeing rose$. 63 or. 7 percent, to $94.82. Lockheed Martin Corp. rose$. 41 or. 4 percent, to $102.60. Northrop Grumman Corp. fell$. 01 or percent, to $77.05.
May 7- Bank of America Corp:. *Barclays raises target price to $14 from $13; rating equal weight. Reuters Station users, click. 1568.
**ARUBA NETWORKS INC, $17.83, down 19 pct. **RUCKUS WIRELESS INC, $14.88, down 22 pct. **MERU NETWORKS, $4.19, down 11 PCT.
Boeing rose$. 31 or. 3 percent, to $94.50. Lockheed Martin Corp. rose$. 37 or. 4 percent, to $102.56. Northrop Grumman Corp. rose$. 10 or. 1 percent, to $77.16.
**MBIA INC, $14.98, up 5 pct. **BANK OF AMERICA CORP, $13.06, up 1.4 pct. Bank of America has agreed to pay $1.6 billion in cash to MBIA Inc and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies said on Monday.
NEW YORK, May 7- U.S. stocks edged up on Tuesday with the S&P 500 setting yet another record, led by gains in energy and tech sectors. The Nasdaq Composite Index was up 2.83 points, or 0.08 percent, at 3,395.80. ( (For multimedia versions of Reuters Top News: 3000 Xtra: visit BridgeStation: view story. 134==============================================================.
**ARUBA NETWORKS INC, Monday close $22.05, down 20 pct pre market. **MICROSOFT CORP, Monday close $33.75.
**MICROSOFT CORP, Monday close $33.75.
**MICROSOFT CORP, Monday close $33.75.
*The SEC has put local government officials on notice that it is closely monitoring the way they describe their cities' fiscal health, charging Harrisburg, Pennsylvania, with securities fraud for allegedly failing to disclose information on its financial troubles.
Here are news stories, press reports and events to watch which may affect Poland's financial markets on Tuesday. The move would be aimed at protecting Poland's fiscal discipline and preventing future governments from squandering funds transferred from the open pension funds.
**ARUBA NETWORKS INC, $17.83, down 19 pct. **RUCKUS WIRELESS INC, $14.88, down 22 pct. **MERU NETWORKS, $4.19, down 11 PCT.
SINGAPORE, May 7- Deutsche Bank has appointed two former employees of U.S. rivals as heads of its operations in Singapore and Korea, the bank said on Tuesday. Former JPMorgan executive Philip Lee joins as vice-chairman Southeast Asia and chief country officer for Singapore, the bank said.
Facebook looks to video ads as it seeks new revenue streams () Colony's $2 bln bid for IMG rejected in favour of auction () BofA reaches $1.7 bln mortgage settlement with MBIA () European Commission charges Motorola over patent () U.S. plans sale of remaining GM stake () Protests mount on use of BP Gulf spill funds () U.S. regulators eye Bitcoin supervision () Overview.
said on Monday that private equity firms Clayton, Dubilier& Rice and Carlyle Group, as well as Bank of America Merrill Lynch, have sold off their remaining shares in the car rental agency for $1.24 billion. CD&R, Carlyle and Bank of America Merrill Lynch sold 49.8 million shares for $24.96 each, Hertz said in a press release.
By Karen Freifeld and Aruna Viswanatha. NEW YORK, May 6- New York Attorney General Eric Schneiderman said on Monday he plans to sue Bank of America Corp and Wells Fargo and Co for violating the terms of a settlement designed to end mortgage servicing abuses.