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Company News for June 1, 2009 – Corporate Summary

Source: http://www.zacks.com/stock/news/20620/Company+News+for+June+1%2C+2009+-+Corporate+Summary
 Posted on Monday, June 1st, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -

* The week’s Electronic Entertainment Expo in LA is expected to find manufacturers taking aim at Nintendo’s (NASDAQ:NTDOY) Wii success. Microsoft (NASDAQ:MSFT) is expected to unveil a new motion-sensing game controller on Monday. Tuesday may highlight a new Sony (NYSE:SNE) PlayStation Portable, not requiring an optical disc drive

* Goldman Sachs (NYSE:GS) announced plans to sell about 20% of its interest in Chinese ICBC, or $1.9 billion at a 4-6% discount to the bank’s close today

* Prudential (NYSE:PRU) announced a $1.25 billion common offering.  The firm also said it will not participate in TARP funding

* SunTrust (NYSE:STI) announced the sale of $1.4 billion common shares, and a tender offer for a combined $1 billion in hybrids and preferreds

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