STOCKS NEWS US-Aruba and Motorola resolve patent dispute

Stocks on the move Real-time Equity news U.S. stock market report 0733 EST 06Nov2009-Aruba and Motorola resolve patent dispute ------------------------------------------------------------------------------ Aruba Networks Inc said on Friday it would pay $19.8 million to Motorola Inc to settle two-year-long patent disputes. The disputes involved patents owned by both parties and the settlement includes a cross-licensing agreement, the companies said in a joint statement. Aruba will account for the settlement payment as a one-time expense in the fiscal first quarter ended Oct. 31, the company said in a filing. For details, see Shares of Motorola closed Thursday at $9.31, while Aruba closed at $8.44. Reuters Messaging: [e-mail] 0727 EST 06Nov2009-Bernstein upgrades Amazon to "outperform" ------------------------------------------------------------------------------ Shares of Amazon.com Inc rose in premarket trading on Friday, after Bernstein upgraded the online retailer to "outperform" from "market perform." The firm also lifted its price target on the stock to $160 from $125. Bernstein wrote that it expects revenue to reacceleration to continue through 2010, and that it sees "sustainable improvements to both gross and operating margins." The stock rose 1.6 percent to $122.50 before the bell. Reuters Messaging: [e-mail] 0719 EST 06Nov2009-AIG shares fall after Q3 results ------------------------------------------------------------------------------ Shares of American International Group fell in premarket trading on Friday, after the company reported its third-quarter results. For details, see The stock dropped 7.1 percent to $36.50 before the bell. Reuters Messaging: [e-mail] 0713 EST 06Nov2009-Futures edge higher ahead of jobs data ------------------------------------------------------------------------------ U.S. stock index futures were modestly higher on Friday, as investors awaited the release of monthly payroll data, as well as the October unemployment rate. For details, see Dow Jones industrial average futures rose 16 points while S&P 500 futures gained 1.6 points and Nasdaq 100 futures were up 2.25 points. Reuters Messaging: [e-mail] 0654 EST 06Nov2009-Citigroup to relaunch CAI unit: FT ------------------------------------------------------------------------------ Citigroup Inc is planning to relaunch its Citi Alternative Investments unit, according to a report on the Financial Times website on Friday. The unit contains Citigroup's hedge fund operation. The report said the move follows months of wrangling between CAI management and some top bank executives about what to do with the unit, which also includes its private equity operations and has $14 billion under management. For details, see Shares of Citigroup rose 3 cents to $4.09 in premarket trading. Reuters Messaging: [e-mail] 0651 EST 06Nov2009-FCC approves AT&T bid to buy Centennial ------------------------------------------------------------------------------ The U.S. Federal Communications Commission late Thursday gave final approval to AT&T Inc's $944 million bid to buy Centennial Communications Corp. The widely expected move comes three weeks after the U.S. Justice Department approved the deal on the condition that AT&T, the No. 2 U.S. wireless provider, divest Centennial operations in parts of Louisiana and Mississippi.

The FCC granted the approval under the same conditions. For details, see Shares of AT&T, a Dow component, closed Thursday at $25.94 while Centennial closed at $8.46. Reuters Messaging: [e-mail] Keywords: MARKETS STOCKSNEWS COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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