Stock Market Briefs: Research In Motion, Pepsi Bottling, Prudential Financial, Mosaic

• Prudential Financial (PRU) may sell its investment and fund management business in South Korea in a deal which could bring about $850 million
• According to the Financial Times a consortium is making a bid to purchase Volvo from Ford (F)
• Research in Motion (RIMM) coverage was initiated by Sanford Bernstein at “underperform” with a price target of $60
• Samsung, the world’s largest memory chip manufacturer, expects third quarter sales to rise 19% from a year ago with median operating profits of $3.5 billion
• Societe Generale announced plans to raise $7.1 billion in a rights offering to repay government support
• Mosaic (MOS) reported fiscal first quarter results of 23 cents, down from $2.65 a year ago and off estimates of 35 cents; on revenues of $1.46 billion, down from $4.32 billion in prior year, and below estimates of $1.52 billion
• Pepsi Bottling (PBG) reported fiscal third quarter results of $1.06 ex-items, one cent above estimates as revenue of $3.63 billion missed estimates of $3.73 billion
• Emerson Electric (EMR) announced plans to purchase Avocent (AVCT) for $1.2 billion, or $25 per share

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