STOCKS NEWS US-M. Stanley may sell stake in China bank

Stocks on the move Real-time Equity news U.S. stock market report 0815 EST 09Nov2009-M. Stanley may sell stake in China bank ------------------------------------------------------------------------------ Morgan Stanley is looking to sell its 34 percent stake in investment bank China International Capital Corp, the U.S. bank's China chief executive said on Monday. "We are a passive investor in CICC, so getting out (of it) is the general direction," Wei Sun Christianson told Reuters on the sidelines of a conference. She did not say whether Morgan Stanley was in talks to sell its stake or name potential investors. For details, see Shares of Morgan Stanley was trading up 1.5 percent in premarket trade at $33.09 Reuters Messaging: [e-mail] 0809 EST 09Nov2009-L-3 Communications is cheap: Barron's ------------------------------------------------------------------------------ Barron's wrote that L-3 Communications Holdings Inc could rise, helped by growing demand for unmanned aircraft and other technology used in so-called asymmetrical warfare. The financial publication wrote that the company's profit was expected to rise over the next two years, helped by sales growth and wider profit margins. For details, see Shares of L-3 closed Friday at $76.40. Reuters Messaging: [e-mail] 0805 EST 09Nov2009-Northrop to sell TASC unit for $1.65 bln ------------------------------------------------------------------------------ Northrop Grumman Corp on Sunday agreed to sell its TASC consulting unit to General Atlantic and Kohlberg Kravis Roberts & Co for $1.65 billion. Sources told Reuters in September that a sale, originally expected to fetch about $2 billion, would more likely be around $1.5 billion. The deal price is "in line with expectations" for that sub-sector, said an investment banker who declined to be identified. For details, see Shares of Northrop closed Friday at $52.37. Reuters Messaging: [e-mail] 0801 EST 09Nov2009-Barron's sees upside for Sherwin-Williams ------------------------------------------------------------------------------ Barron's wrote that Sherwin-Williams Co was "spring-loaded to prosper" after several years of weak sales, helped by an improving housing market. The financial publication added that the paint company had a dominating network of stores, which gave it an advance with higher margin sales to contractors. For details, see Shares of Sherwin closed Friday at $58.94. Reuters Messaging: [e-mail] 0757 EST 09Nov2009-GE, Comcast agree on NBC valuation: source -------------------------------------------------------------------- General Electric Co and Comcast Corp have agreed on a valuation of about $30 billion for a joint venture between GE's NBC Universal unit and Comcast, a source familiar with the matter said on Sunday. The agreement irons out what has been an obstacle in talks between the two companies so far. For details, see Shares of GE, a Dow component, rose 2.2 percent to $15.67 in premarket trading while Comcast closed Friday at $14.59. Reuters Messaging: [e-mail] 0747 EST 09Nov2009-Rockwell profit tumbles as industrial demand slack ------------------------------------------------------------------------------ Rockwell Automation Inc said on Monday that quarterly profit tumbled 77 percent, as a lingering economic downturn prompted its industrial customers to hold off on purchasing systems to help factories run more smoothly. The shares were unchanged in premarket trade. For more, see Reuters Messaging:rm://[e-mail] Keywords: MARKETS STOCKSNEWS COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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