Company News for December 08, 2009 - Corporate Summary
• Boeing (NYSE:BA) much-awaited first Dreamliner flight is likely to happen as early as next week
• Cadbury (NYSE:CBY) may formally reply to Kraft's (NYSE:KFT) $16 billion bid on December 14
• CF Industries (NYSE:CF) increased its hostile bid for Terra Industries (NYSE:TRA) to $36.75 from $32 cash, taking the total value of the offer to $45.91
• Sprint (NYSE:S) shares climbed 13% on a Barron's article, which viewed the shares as undervalued, anticipating a gain of as much as 50%, based upon a growing subscriber base
• Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) both are attempting to convince the government to allow them to repay TARP before the window for share offerings closes next week
• 3M (NYSE:MMM) increased guidance for next year, but failed to meet Street estimates for this year. The firm expects 2009 earnings of $4.50 to $4.55 a share. The company anticipates 2010 earnings of $4.89 to $5.00 a share on sales of $24.5 billion to $25.5 billion
• SunTrust (NYSE:STI) upgraded M&T Bank (NYSE:MTB) to a "buy," with a price target of $85
• AutoZone (NYSE:AZO) reported fiscal first quarter earnings of $2.82, well ahead of Zacks estimates of $2.66 on inline revenues of $1.6 billion
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