Company News for November 9, 2010 - Corporate Summary

• Chevron CVX announced plans to buy Atlas Energy ATLS for $4.3 billion, or $43.35 per share

• Bank of America BAC and PNC PNC sold $8.3 billion of BlackRock BLK shares in a secondary offering priced at $163 per share, a 3.6% discount to BlackRock's close

• Tyco International TYC reported earnings of $0.74 that beat estimates of $0.66, on a 4% revenue gain to $4.5 billion, above estimates of $4.4 billion

• Covidien COV reported fiscal fourth quarter earnings of $0.84, a dime higher than Zacks estimates, on revenues of $2.67, up 3.1% YoY, and above Zacks estimates of $2.64 billion

• Marsh & McLennan MMC reported third-quarter earnings of $0.30, above Zacks estimates of $0.28, on inline revenues of $2.5 billion, up 7.2%

• Priceline.com PCLN posted third quarter earnings of $5.33, above Zacks estimates of $4.72, on revenues of $1 billion, above Zacks estimates of $969 million

• Kaufmann downgraded Research In Motion RIMM to “hold” from "buy", taking the price target from $72 to $60

• Goldman Sachs GS downgraded AK Steel AKS from "buy" to "hold," dropping the price target from $15 to $12

• ISI Group upgraded Symantec SYMC from "hold" to "buy," and raised the price target from $17 to $22

 
AK STEEL HLDG (AKS): Free Stock Analysis Report
 
ATLAS ENERGY (ATLS): Free Stock Analysis Report
 
BANK OF AMER CP (BAC): Free Stock Analysis Report
 
BLACKROCK INC (BLK): Free Stock Analysis Report
 
COVIDIEN PLC (COV): Free Stock Analysis Report
 
CHEVRON CORP (CVX): Free Stock Analysis Report
 
GOLDMAN SACHS (GS): Free Stock Analysis Report
 
MARSH &MCLENNAN (MMC): Free Stock Analysis Report
 
PRICELINE.COM (PCLN): Free Stock Analysis Report
 
PNC FINL SVC CP (PNC): Free Stock Analysis Report
 
RESEARCH IN MOT (RIMM): Free Stock Analysis Report
 
TYCO INTL LTD (TYC): Free Stock Analysis Report
 
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