Company News: BAC, XOM, VRA, GCO, OPWV, AAPL, RIMM, LGF, BCS, TQNT

• According to a report in The Wall Street Journal, Bank of America Corporation (NYSE:BAC) might be enroute to sell its mortgage business

• Shares of Exxon Mobil Corporation (NYSE:XOM) gained 0.2% after the company announced its partnership with Russian oil giant Rosneft

• Vera Bradley Designs, Inc. (NASDAQ:VRA) raised their earnings and revenue outlook for 2011

• Genesco Inc. (NYSE:GCO) recorded a jump in revenues primarily attributable to Journeys shoe and Lids hat stores. The company also increased their earnings forecast for 2012

• Openwave Systems Inc. (NASDAQ:OPWV) lodged a complaint against Apple Inc. (NASDAQ:AAPL) and Research In Motion Limited (NASDAQ:RIMM) at the International Trade Commission, accusing the two tech companies of infringing on its patents

• Investor Carl Icahn had agreed to sell his shares in Lions Gate Entertainment Corp. (NYSE:LGF)

• Barclays PLC (NYSE:BCS) downgraded TriQuint Semiconductor, Inc. (NASDAQ:TQNT) to “Equal Weight” from an “Overweight” rating.

OPENWAVE SYS (OPWV): Free Stock Analysis Report

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