Company News for March 9, 2010 - Corporate Summary
• H&R Block (NYSE:HRB) reported fiscal third quarter results after the close. The company reported earnings of 16 cents, versus 20 cents a year ago, and ahead of Zacks estimates of 14 cents, on revenues of $935 million, slightly below Zacks estimates of $938 million
• A FT report says Marsh & McLennan (NYSE:MMC) has put its Kroll investigations unit up for sale, with a price target of about $1.3 billion
• Boeing (NYSE:BA) received a $1.6 billion order for twenty 737 planes from Turkish Airlines
• Northrop (NYSE:NOC) withdrew from the Pentagon's aerial refueling contract, worth up to $50 billion, leaving Boeing (NYSE:BA) the only contender in the fray
• FBR maintained its "outperform" rating on Texas Instruments (NYSE:TXN), raising the price target to $34 from $33
• JP Morgan (NYSE:JPM) downgraded First Solar (NASDAQ:FSLR) to "underweight" from "neutral," and dropped the price target to $85 from $140
• Bank of America (NYSE:BAC) upgraded Aetna (NYSE:AET) to "neutral" from "underperform," with the price target raised to $36 from $32
• Bank of America (NYSE:BAC) downgraded Cigna (NYSE:CI) to "underperform" from "neutral," cutting the price target to $38 from $41
• Burger King (NYSE:BKC) reported its February global same-store-sales fell 5.8%
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