Company News for June 22, 2009 – Corporate Summary
Source: http://www.zacks.com/stock/news/21308/Company+News+for+June+22%2C+2009+-+Corporate+SummaryPosted on Monday, June 22nd, 2009 | In Market Commentary, Stocks to Watch
* Reports suggest Xstrata and Anglo American (NASDAQ:AAUK) are engaged in merger talks in a deal which could total about $68 billion and result in the combined firm becoming the world’s number-three miner behind BHP Billiton (NYSE:BHP) and Vale (NASDAQ:VALE)
* Reuters reported 100,000 of Apple (NASDAQ:AAPL) iPhone 3Gs were sold via preorders, explaining away some of the launch’s diminished excitement level. Some news reports said Steve Jobs underwent a liver transplant two months ago in Tennessee, and is still due back at month’s end
* Walgreen (NYSE:WAG) is expected to report fiscal third-quarter earnings of 56 cents a share
* UBS (NYSE:UBS) upgraded Vulcan Materials (NYSE:VMC) to “buy,” based upon housing and infrastructure recovery
* JP Morgan (NYSE:JPM) upgraded Verisign (NASDAQ:VRSN) to “overweight” from “neutral”
* According to a Wall Street Journal report, Amazon.com (NASDAQ:AMZN) may stop conducting businesses with some retailers in states, which would force sales tax payments on online transactions
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