Company News for December 2, 2010 - Corporate Summary

• PepsiCo PEP announced plans to acquire a 66% stake in Wimm-Bill-Dann WBD for $3.8 billion

• Toll Brothers TOL reported fiscal fourth quarter earnings of $0.30 a share that included a tax benefit, versus consensus expectations for a loss of $0.08. Revenues of $402.6 million beat estimates of $393.2 million

• Costco COST reported monthly sales up 9% in November, up from estimates of a 6.3% rise

• Limited Brands LTD posted a 10% sales gain for November

• Abercrombie & Fitch ANF saw November sales up 22%, versus expectations of a 6.8% rise

• Goldman Sachs GS upgraded Principal Financial Group PFG from "buy" to "Conviction Buy," with a price target of $32

• Johnson & Johnson JNJ recalled 12 million bottles of Mylanta for insufficient labeling of alcoholic content

 
ABERCROMBIE (ANF): Free Stock Analysis Report
 
COSTCO WHOLE CP (COST): Free Stock Analysis Report
 
GOLDMAN SACHS (GS): Free Stock Analysis Report
 
JOHNSON & JOHNS (JNJ): Free Stock Analysis Report
 
LIMITED INC (LTD): Free Stock Analysis Report
 
PEPSICO INC (PEP): Free Stock Analysis Report
 
PRINCIPAL FINL (PFG): Free Stock Analysis Report
 
TOLL BROTHERS (TOL): Free Stock Analysis Report
 
WIMM-BILL-DANN (WBD): Free Stock Analysis Report
 
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