Company News for July 6, 2010 - Corporate Summary

• According to a senior UAE source, BP BP is in talks with a number of Middle East and Asian sovereign wealth funds for support as the company tries to stave off takeover bids

• JP Morgan JPM raised its rating on Goldman Sachs GS from "neutral" to "overweight," and lowered the rating on Deutsche Bank DB from "neutral" to "underweight"

• Goldman Sachs GS initiated coverage of QEP Resources QEP with a "buy" rating and a $43 price target

• Franklin Covey FC reported fiscal third-quarter earnings of 2 cents a share, 4 cent below Zacks estimates, on revenues of $30.5 million, below Zacks estimates of $33 million

• FBR upped its rating on Walter Energy WLT to "outperform," taking the price target $3 higher to $88

• Apple AAPL acknowledged the formula used to measure signal strength in its new iPhone 4 was faulty, and a software fix will be available in several weeks