Stock Market News Briefs: BP P.l.c., Goldman Sachs Group, Hewitt Associates Inc, Lorillard, Inc, Marriot International, Northrop Grumman, Wells Fargo & Company, Weyerhaeuser Company, Microsoft, Yahoo!

•  BP (BP: 36.74 +2.69 +7.90%) is reportedly in talks to sell up to $12 billion in assets

•  Weyerhaeuser (WY: 38.92 +3.08 +8.59%) declared a special $5.6 billion dividend, tied to its REIT conversion

•  AON (AON: 35.71 -2.63 -6.86%) plans to purchase Hewitt (HEW: 46.88+11.48 +32.43%) for $4.9 billion, or $50.00 per share in cash

•  Goldman Sachs (GS: 137.21 -0.85 -0.62%) added Northrop Grumman (NOC: 54.56 -0.89 -1.61%) to its Conviction Sell List, reducing its price target from $52 to $48

•  Wells Fargo (WFC: 26.9722 -0.0278 -0.10%) downgraded Marriott International (MAR: 30.90 -0.24 -0.77%) from “outperform” to “market perform,” and reduced the price target from a range of $37-$39 to $32

•  Marriott is due to release second quarter results on Wednesday

•  Goldman Sachs (GS: 137.21 -0.85 -0.62%) added Lorillard (LO: 74.47 +0.05 +0.07%) to its Conviction Buy List, with a price target of $96

•  JMS upgraded Microsoft (MSFT: 24.85 +0.58 +2.39%) from “neutral” to “buy” with a price target of $30

•  Needham upgraded Yahoo (YHOO: 14.91 +0.02 +0.13%) from “hold” to “buy,” with a price target of $20

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