Company News for June 8, 2010 - Corporate Summary

• Apple AAPL introduced its latest iPhone, iPhone4, slated for June 24 release. The new model, a thinner version, offers over 100 features including video-chatting capabilities

• Talbots TLB reported first quarter earnings of 38 cents a share, versus Zacks expectations of 17 cents, as revenues increased 4.7% to $321 million, just shy of Zacks estimates of $322 million

• Dollar General DG beat by 8 cents, as first quarter earnings of 42 cents were reported on revenues of $3.1 billion, up 11.9% from a year ago, and slightly higher than Zacks estimates of $3 billion

• Morgan Stanley MS lowered its rating on CVS CVS to "equalweight" after Walgreen's pharmacy network plans

• Goldman Sachs GS removed Mueller Water Products MWA from its Conviction Sell List