Company News for December 03, 2009 - Corporate Summary
• Comcast/GE confirmed the $30 billion Universal deal, with Comcast (NASDAQ:CMCSA) owning and 49% General Electric (NYSE:GE) ownership
• Bank of America (NYSE:BAC) upgraded Weyerhaeuser (NYSE:WY) to "buy" from "neutral" with a price target of $47, up from $41
• Toll Brothers (NYSE:TOL) reported a third-quarter loss of 68 cents a share, wider than the expected 43 cent loss, as revenues of $486 million were ahead of estimates of $421 million
• Aeropostale (NYSE:ARO) earned 92 cents in the third quarter, one cent above Zacks estimates, on inline revenues of $568 million. The firm said it expects fourth-quarter earnings of $1.20 to $1.24 a share
• Bank of America (NYSE:BAC) was upgraded by FBR, with the price target raised to $20 from $15
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