Company News for June 22, 2010 - Corporate Summary

• Walgreen WAG posted a fiscal third quarter earnings of 53 cents a shares, 4 cents below Zacks projections. Revenues of $17.2 billion, a 6.1% increase, were above Zacks estimates of $17.1 billion

• Intel INTC and the FTC are reportedly in talks over a possible antitrust settlement, with both requesting the suspension of trial proceedings

• Argus Research kept a "buy" rating on ConocoPhillips COP, raising earnings estimates for the year to $7.45 from $7.30

• FBR reiterated an "outperform" rating on Peabody Energy BTU, with a $65 price target

• Jefferies Group JEF posted fiscal second quarter earnings of 42 cents per share, 10 cents above Zacks projections, on revenues of $740.64 million

• General Motors GM announced plans to market Opel under its Buick banner in this country

• Steelcase SCS posted a wider-than-expected, fiscal first quarter GAAP loss of 8 cents versus Zacks expectations of 6 cent loss, on revenues of $541.8 million, which was ahead of Zacks projections of $524 million. The company said it sees fiscal second earnings at 1-5 cents per share on revenues of $560-$585 million