Company News for June 6, 2011 - Corporate Summary
06 Juin 2011 - 11:06AM
Zacks
• Zynga Inc, one of the largest game makers for
Facebook is negotiating with The Goldman Sachs Group, Inc.
(NYSE:GS) to head its initial public offering and provide a credit
line of over $1 billion, enabling the company to make
acquisitions
• Wal-Mart Stores Inc. (NYSE:WMT) announced a new
share buyback program during its 41st annual shareholders
conference. The company was authorized to buyback up to $15 billion
in shares
• Newell Rubbermaid Inc. (NYSE:NWL) has cut its
2011 outlook from $1.67 to $1.70 to between $1.60 and $1.67 a
share. Weak consumer spending trends in the U.S. and disappointing
economic conditions led to the cut.
• Wells Fargo & Company (NYSE:WFC) downgraded
Frontline Ltd. (NYSE:FRO) from “Outperform” rating to “Market
Perform” rating
• GT Solar International, Inc. (NASDAQ:SOLR)
received a $460.4 million order from a China-based manufacturing
company for its advanced sapphire crystallization furnaces
• Citigroup, Inc. (NYSE:C) upgraded Coca-Cola
Hellenic Bottling Company S.A. (NYSE:CCH) from “Hold” rating to
“Buy” rating
• Jefferies Group Inc. (NYSE:JEF) initiated
coverage on Cisco Systems (NASDAQ:CSCO) with a “Hold” rating
• Jefferies Group Inc. (NYSE:JEF) initiated
coverage on NIKE (NYSE:NKE) with a “Buy” rating
CITIGROUP INC (C): Free Stock Analysis Report
COCA COLA HELNC (CCH): Free Stock Analysis Report
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
FRONTLINE LTD (FRO): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
JEFFERIES GP-NW (JEF): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
NEWELL RUBBERMD (NWL): Free Stock Analysis Report
GT SOLAR INTL (SOLR): Free Stock Analysis Report
WELLS FARGO-NEW (WFC): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis Report
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