Stock Market News: Kraft Formalizing Cadbury Bid For $16.7 Billion; Goldman Sachs Upgrades Adobe System To ‘Buy’

• Kraft (KFT) is due to formalize its Cadbury (CBY) bid for about $16.7 billion as the deadline for an offer hits
• Northrop Grumman (NOC) announced it is selling its TASC consulting operations to two private equity firms for $1.65 billion
• About $30 billion was the agreed-to valuation which General Electric (GE) and Comcast (CMCSA) placed on the joint venture between NBC Universal and Comcast
• Goldman Sachs (GS) upgraded Adobe Systems (ADBE) to “buy,” and lifted its price target to $42
• Goldman Sachs added Lexmark (LXK) to its Conviction Sell list
• KBW upgraded Blackstone Group (BX) shares to “outperform” with a price target of $18.50
• Windstream (WIN) reported third-quarter earnings of 24 cents a share, two cents over Zacks estimates, on revenues of $734 million, below Zacks estimates of $747 million
• DISH Network (DISH) reported third-quarter earnings of 18 cents, 25 cents under Zacks estimates, on revenues of $2.89 billion, which missed Zacks estimates of $2.93 billion

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