Company News for June 30, 2010 - Corporate Summary

• General Mills GIS raised its dividend before reporting inline fiscal fourth-quarter earnings of 41 cents a share, but its guidance for fiscal 2011 came in below Street expectations.  Revenues of $3.57 billion were in-line with Zacks projections of $3.57 billion, but were off 2.1% from a year earlier. The company sees 2011 earnings growth of 7-8% to $2.46-$2.48

• A supposedly-erroneous trade triggered the new, single-stock circuit breaker yesterday, halting trading in Citigroup C shares for five minutes

• According to a Bloomberg report, Apple AAPL plans to start selling iPhones to Verizon VZ starting in January, terminating AT&T's T prior exclusive rights to US sales

• 3M MMM anticipates fiscal second quarter sales of $6.6 billion to $6.75 billion and organic sales volume growth of 16-18%

• Boeing BA said it agreed to buy Argon ST STST for $775 million in an all-cash deal valued at $34.50 per share

• FBR upgraded US Bancorp USB from "market weight" to "outperform," with a $28 price target

• Celgene CELG reported plans to buy Abraxis BioScience ABII in a cash and stock deal valued at $2.9 billion

• Goldman Sachs GS lifted estimates and price targets for Wynn WYNN and Las Vegas Sands LVS on strength in Macau, but maintained "neutral" ratings on the shares

• Monsanto MON posted fiscal third quarter results of 81 cents, a one-penny beat, on revenues of $2.96 billion, below Zacks estimates of $3.13 billion. However, the firm reaffirmed fiscal 2010 guidance of $2.40-$2.60