BP plc (BP)- The Gulf Coast Claims Facility, established last August with $20 billion in seed money from BP, said it has approved 300,000 claims from businesses and individuals hurt by the spill, out of approximately 857,000 claims submitted.
Poor trading results are likely to hurt Goldman Sachs Group (GS)- Goldman Sachs Group Inc to report its Q1 EPS at $0.82 on revenue of $10.18 million. GS shares gained 0.50% to $154.55 in after-hours trading.
Yahoo Inc (YHOO)- Yahoo Inc to have earned $0.16 per share on revenue of $1.06 billion in the first quarter. YHOO shares fell 0.58% to $16.25 in the after-hours trading session.
The Treasury may sell its GM (GM) shares within a few months- The U.S. government plans to sell a significant part of its remaining stake in General Motors (GM) this summer despite the disappointing performance of the stock, people familiar with the matter told The Wall Street Journal.
Twitter is reportedly planning to spend $50 million buying TweetDeck, a desktop application for the micro-blogging site and other social networks like Facebook and LinkedIn.
Texas Instruments Inc (TXN)- Texas Instruments Inc reported its Q1 profit at $666 million, or $0.55 per share, up from $658 million, or $0.52 per share, in the year-earlier period. The company's quarterly earnings were impacted by $0.02 per share due to the Japan earthquake.
The Research In Motion (RIMM) Playbook tablet will go on sales soon. RIMM launches its PlayBook tablet, aimed at combating the Apple iPad. RIMM is up about 1% at just under 54. It was higher earlier, but the broader market sell-off is having an impact. Apple is down nearly 2% at 321.71.
International Business Machines Corp (IBM)- IBM is projected to post its Q1 EPS at $2.30 on revenue of $24.02 billion. IBM shares lost 0.14% to $165.70 in the after-hours trading session.
Intel Corp (INTC)- Intel Corp to report its Q1 earnings at $0.46 per share on revenue of $11.61 billion. INTC shares declined 0.36% to $19.55 in after-hours trading. Wimm Bill Dann Foods Open Joint Stock Co (WBD) is expected to earn $N/A per share for quarter ended Sep 10. Estimates from Wall Street analysts ranged from as low as $N/A per share to as high as $N/A per share.
Long-time users of the internet have cut the time that they spend on the internet without targeted activity according to Microsoft (MSFT), mec and Mindshare which did the research.
Synthes said it was in M&A talks with Johnson & Johnson (JNJ)- Synthes is a global manufacturer of medical devices confirmed Monday that it's in talks about a possible purchase by Johnson & Johnson, one of the world's biggest manufacturers of medical devices, drugs and consumer health products.
Walmart (WMT) bought social network Kosmix- Wal-Mart spent $300 million yesterday to acquire social media startup Kosmix. Wal-Mart Stores Inc. chief executive officer Mike Duke's total compensation fell 2.7% to $18.7 million for the fiscal year ended January 31, 2011
Apple (AAPL) filed a suit which alleges that Samsung copied the design of the iPhone and iPad- Apple is suing Samsung, alleging the Galaxy line of phones and tablets infringe on a number of the company's patents and trademarks.
Yahoo (YHOO) plans to extend the time it keeps user search records to 18 months, The Associated Press reports. Zions Bancorporation (ZION) is expected to earn $-0.17 per share for quarter ended Mar 11. Estimates from Wall Street analysts ranged from as low as $-0.30 per share to as high as $-0.01 per share.
Eli Lilly & Co. (LLY) The drugmaker reported a 15% drop in its Q1 profit, hurt by higher expenses. Koninklijke Philips Electronics NV (PHG) said it had created a joint venture with Hong-Kong based monitor maker TPV, which will own 70% of the company's television unit.
KeyCorp (KEY) posted Q1 net income from continuing operations of $184 million, or 21 cents a share, reversing last year's loss of $98 million, or 11 cents a share. Analysts expected earnings of 15 cents a share for the latest quarter.
W W Grainger Inc (GWW) is expected to earn $1.79 per share for quarter ended Mar 11. Estimates from Wall Street analysts ranged from as low as $1.70 per share to as high as $1.90 per share.
Halliburton Company (HAL) oilfield service company posted Q1 earnings of 56 cents a share, up from 23 cents in the year-ago period, as revenue jumped 40% to $5.28 billion.
Citigroup (C) is having trouble growing- Citigroup Inc. rose in New York trading, the only U.S. lender among the top 10 by assets to advance, after reporting profit that beat analysts' estimates and cutting provisions for future loan losses by $3.3 billion. Citigroup will try to sell a $12.7 billion pool of bad assets.
Werner Enterprises Inc (WERN) is expected to earn $0.21 per share for quarter ended Mar 11. Estimates from Wall Street analysts ranged from as low as $0.15 per share to as high as $0.26 per share. M&T Bank Corp. (MTB) reported a 37% increase in its Q1 profit, topping analysts' expectation. The Buffalo, N.Y.-based parent of M&T Bank cited lower credit costs.
LG Electronics said it faced chip shortages- South Korea's LG Electronics Inc. said Tuesday its home-appliance division is facing a shortage of chips from Japan and the company is seeking alternative suppliers.
Sprint Nextel (S) may rent part of its network to Clearwire (CLWR) and other firms. Deutsche Bank will try to make money on its $4 billion bet on the Cosmopolitan in Las Vegas.
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