Company News for April 6, 2010 - Corporate Summary
• Massey Energy (NYSE:MEE) shares continued lower this morning in pre-market trade, off nearly 6%, following yesterday's mining disaster in which at least 25 West Virginia miners were killed. However, Jefferies (NYSE:JEF) reiterated its "buy" rating on the shares
• Microsoft (NASDAQ:MSFT) announced the Monday launch of its "Pink" mobile phone line with social networking capabilities
• Samsung Electronics reported fiscal first quarter operating profits may hit a fresh high as sales continue to improve
• According to the Semiconductor Industry Association, February sales surged 56% YoY, although off 1.3% from January, with demand driven by emerging country demand for electronic products
• Wells Fargo (NYSE:WFC) upgraded large cap, US banks to "market weight," with Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS) and PNC Financial (NYSE:PNC) shares raised to "outperform"
• Soleil upgraded Disney (NYSE:DIS) from "hold" to "buy," taking the price target from $30 to $42
• Bally Tech (NYSE:BYI) lowered its fiscal 2010 earnings guidance to $2.15 to $2.25 per share from its previous guidance of $2.30 to $2.55 per share
• Citigroup (NYSE:C) trimmed its first-quarter estimates for shares of Alcoa (NYSE:AA), now expecting EPS of $0.08 from its previous estimate of $0.10, and below consensus estimates of $0.13
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