Company News for August 24, 2011 - Corporate Summary
August 24 2011 - 5:07AM
Zacks
• UBS AG (NYSE:UBS) reported that it will slash
3,500 jobs across the globe in an attempt to save $2.5 billion by
the end of next year
• The Wall Street Journal reported that Sprint
Nextel Corp. (NYSE:S) along with AT&T, Inc. (NYSE:T) and
Verizon Communications Inc. (NYSE:VZ) will be acquiring the rights
to Apple Inc.’s (NASDAQ:AAPL) iPhone 5 that is expected to hit the
market in September
• Microsoft Corporation (NASDAQ:MSFT) said it is
going to develop and market cloud-computing products in China
• Omnicare Inc. (NYSE:OCR) said that it might
acquire its rival PharMerica Corporation (NYSE:PMC)
• Williams-Sonoma Inc. (NYSE:WSM) posted second
quarter earnings per share (EPS) of $0.37, ahead of the Zacks
Consensus Estimate of $0.36
• HJ Heinz Co. (NYSE:HNZ) reported first quarter
EPS of $0.78, falling short of the Zacks Consensus Estimate of
$0.76
• William Blair initiated coverage on Adolor
Corp. (NASDAQ:ADLR) with an “Outperform” rating
• Atlantic Equities downgraded Eaton Corporation
(NYSE:ETN) to an “Underweight” rating from a “Neutral” rating
APPLE INC (AAPL): Free Stock Analysis Report
ADOLOR CORP (ADLR): Free Stock Analysis Report
EATON CORP (ETN): Free Stock Analysis Report
HEINZ (HJ) CO (HNZ): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis Report
OMNICARE INC (OCR): Free Stock Analysis Report
PHARMERICA CORP (PMC): Free Stock Analysis Report
SPRINT NEXTEL (S): Free Stock Analysis Report
AT&T INC (T): Free Stock Analysis Report
UBS AG (UBS): Free Stock Analysis Report
VERIZON COMM (VZ): Free Stock Analysis Report
WILLIAMS-SONOMA (WSM): Free Stock Analysis Report
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