Company News for May 17, 2010 - Corporate Summary

• Mergers and acquisitions front picked up steam over the weekend, with mergers reported by Man Group, Universal Health, and Apollo Global Management

• Man Group announced plans to buy GLG Partners GLG for $4.50 per share or $1.6 billion

• Universal Health UHS announced plans to pay $33.75 per share, or $3.1 billion, including $1.1 billion in debt, for Psychiatric Services PSYS

• Apollo Global Management is reportedly in talks to acquire Pactiv PTV

• Prudential plc launched its long-delayed, $20 billion rights offering for AIG's AIG Asian business AIA

• JP Morgan JPM upgraded Royal Dutch Shell RDS to "overweight" from "neutral"

• Lowe's LOW reported earnings of 34 cents a share, beating Zacks estimates by 3 cents, on a 4.7% sales gain to $12.4 billion, which topped Zacks estimates of $12.2 billion.  Same-store-sales rose 2.4%.  however, the company’s second quarter guidance fell short of Street estimates, coming in at 57-59 cents, below estimated of 62 cents; however, the firm lifted full year guidance to $1.37-$1.47 from $1.30-$1.42 compared to Street projections of $1.45

• Citigroup C upgraded shares of Amgen AMGN to "buy"