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Company News for March 6, 2009

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March 06, 2009 | Comment(s): 0
Recommended this article (6)
GE | GM | MRVL | MO | ROH | DOW | KO

• General Electric's (NYSE:GE - Analyst Report) CFO admitted a rating cut from its current AAA level is possible, although likely not below double A

• General Motors' (NYSE:GM - Analyst Report) delayed annual report contained a "ongoing concern warning," as feared

• Marvell Technology (NASDAQ:MRVL - Snapshot Report) reported ex-items earnings of 5 cents per share after the close, beating estimates of a 1-cent EPS loss as revenues sank to $512.9 million, missing estimates of $532 million

• Altria (NYSE:MO - Analyst Report) announced a 71 cent price increase on its Marlboro packs

• Rohm & Haas (NYSE:ROH) and Dow Chemical (NYSE:DOW - Analyst Report) are seeking to settle their merger dispute before Monday's court date

• Coca-Cola (NYSE:KO - Analyst Report) announced plans to invest $2 billion over the next three years in China, directing funds to new plants and distribution centers

Read the full analyst report on GE

Read the full analyst report on GM

Read the full analyst report on MRVL

Read the full analyst report on MO

Read the full analyst report on ROH

Read the full analyst report on DOW

Read the full analyst report on KO

 

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