Company News for March 31, 2010 - Corporate Summary
• Peabody Energy (NYSE:BTU) submitted a non-binding proposal to buy Australia's MacArthur's Coal for $3 billion. MacArthur's Coal rejected the bid, citing growing demand for coal
• Rite Aid (NYSE:RAD) reported a fourth quarter loss of 24 cents a share, wider than the Zacks expectations of a 19 cents loss, on inline revenues of $6.5 billion
• Dollar General (NYSE:DG) posted better-than-expected earnings of 51 cents, ahead of Zacks estimates of 43 cents, on revenues of $3.19 billion, beating projections of $3.2 billion
• Joseph A Bank (NASDAQ:JOSB) reported estimate-topping fiscal year results of $1.91, versus Zacks estimates of $1.78 a share, on revenues of $770.3 million
• Citigroup's (NYSE:C) 18 million share Primerica IPO is expected to be placed today at a price between $12 and $14 per share
• Toyota Motors (NYSE:TM) preannounced US March sales gains of almost 35% from a year ago after buyers were enticed by the firm's large discount offerings. The promised quality control task force was also launched
• BNP Parabas initiated coverage of Apple (NASDAQ:AAPL) with an "outperform" rating and a price target of $300, and Research in Motion (NASDAQ:RIMM) with "outperform" rating and a target price of $90
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