Company News for April 5, 2010 - Corporate Summary
• Apple (NASDAQ:AAPL) shares may trade higher Monday after Jaffray & Co. analyst Gene Munster said the company probably sold more than twice as many iPad tablets during its debut weekend than some analysts had expected
• Exelon Corp. (NYSE:EXC) announced that it expects to take a first-quarter charge of $65 million on income tax expenses resulting from the US health-care legislation
• Hospira (NYSE:HSP) announced that it completed the acquisition of a unit of Orchid Chemicals Pharmaceuticals Ltd., which had been announced in December, and was valued at approximately $400 million
• Steven A. Cohen, founder of SAC Capital, reportedly took a passive 8.2% stake in InterMune (NASDAQ:ITMN)
• Deutsche Bank (NYSE:DB) downgraded Alcoa (NYSE:AA) to “Hold" from “Buy" ahead of the company's first-quarter results, saying the company's results could miss expectations
• SandRidge Energy (NYSE:SD) announced that it is acquiring rival Arena Resources (NYSE:ARD) in a deal valued at approximately $1.6 billion
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