Company News for November 22, 2010 - Corporate Summary

• Tyson TSN posted fiscal fourth quarter earnings of $0.64, beating estimates of $0.56. Revenues were $7.44 billion, below estimates of $7.75 billion

• Tech Data TECD reported third quarter earnings $1.07 up from estimates of $0.95 on revenues of $6.16 billion that beat estimates of $5.79 billion

• AIG AIG put is rail car leasing unit up for sale

• Energy XXI EXXI will pay $1.01 billion for ExxonMobil XOM properties in the Gulf of Mexico

• Goldman Sachs GS started Salix Pharmaceuticals SLXP with Conviction Buy and a price target of $58

• FBR kept "market perform" on Intel INTC, with a price target of $57

• Wells Fargo WFC downgraded Atwood Oceanics ATW to "market perform" from "outperform," taking the price target range from $38-$40 to $31-$33

• The latest Harry Potter film added $61.2 million to Warner Brothers' TWX coffers in its first day, with $330 million over the weekend worldwide

 
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