Company News for November 13, 2009 – Corporate Summary
Source: http://www.zacks.com/stock/news/27266/Company+News+for+November+13%2C+2009+-+Corporate+SummaryPosted on Friday, November 13th, 2009 | In Investing Lessons, Stocks to Watch
• Intel (NASDAQ:INTC) agreed to pay Advanced Micro Devices (NYSE:AMD) $1.25 billion to settle a private antitrust lawsuit
• Dell (NASDAQ:DELL) announced plans to enter the smartphone business, in partnership with China Mobile and Claro. Its first product, the Mini 3, will be designed around Google’s (NASDAQ:GOOG) Android operating system
• Disney (NYSE:DIS) reported fiscal fourth quarter results after yesterday’s close, with earnings ex-items coming in 5 cents a share better-than-expected at 46 cents. Revenues of $9.87 billion came in well ahead of Zacks estimates of $9.18 billion
• McDonald’s (NYSE:MCD) addressed its plans to open 1,000 additional restaurants next year, and provide an image makeover to the rest. The firm set targets for average annual sales growth of 3-5% and average annual operating earnings growth of 6-7%
• Abercrombie and Fitch (NYSE:ANF) reported third quarter non-GAAP earnings of 30 cents a share, well above Zacks estimates of 20 cents, as revenues of $765.4 million topped Zacks estimates of $763 million
• The rue21 IPO of 6,765,437 common shares was priced at $19.00 per share. The stock will trade on the NASDAQ with the symbol RUE
• Goldman Sachs (NYSE:GS) upgraded Goodyear Tire (NYSE:GT) shares to “buy”
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