•  Kraft (KFT) announced plans to utilize proceeds from the sale of its Canadian frozen food operations to Nestle for $3.75 billion cash, raising the cash portion of its hostile bid for Cadbury (CBY) by 97 cents per share. Cadbury maintained the offer remains derisory

  •  Brightpoint (CELL) said it sees fourth-quarter non-GAAP earnings of 13-18 cents per share, below estimates of 19 cents. However, the firm expects to continue market share gains in 2010

  •  Google (GOOG) is hosting a media event for its Android phone, the Nexus One, moving into the smartphone business

  •  Morgan Stanley (MS) issued a fresh "buy" rating on Research in Motion (RIMM), with a $90 price target

  •  Morgan Stanley (MS) initiated coverage of Motorola (MOT) with an "underweight" rating

  •  Barclays (BCS) initiated coverage of Las Vegas Sands (LVS) with an "overweight" rating and a price target of $24

  •  Goldman Sachs (GS) added Radio Shack (RSH) to its Conviction Buy List with a price target increase from $21 to $25

  •  Credit Suisse (CS) upgraded Potash (POT) to "outperform," and upgraded Intrepid Potash (IPI) to "perform" from "underperform"