Company News for March 25, 2009

• Jabil Circuit (NYSE:JBL - Analyst Report) reported better-than-expected fiscal second quarter earnings, but offered disappointing third quarter guidance after yesterday's market close. Earnings of 13 cents ex-items beat estimates by one cent, as revenues fell 5.6% to $2.89 billion, compared with Street estimates of $2.81 billion. The company expects third quarter numbers to range between an 8 cent loss and an 8 cent profit, on revenues of $2.5-$2.7 billion, below estimates of $2.75 billion

• Deutsche Bank (NYSE:DB - Snapshot Report) said it remains comfortable that General Electric (NYSE:GE - Analyst Report) can support its finance unit through the end of 2010

• Goldman Sachs (NYSE:GS - Analyst Report) said the firm plans to pay back the $10 billion in TARP funds as soon as late April, after the first round of "stress tests" is completed. Wells Fargo (NYSE:WFC - Analyst Report), Bank of America (NYSE:BAC - Analyst Report) and PNC Financial (NYSE:PNC - Analyst Report) plan repayments "as soon as practical"

• S&P cut ratings on Berkshire Hathaway (NASDAQ:BRKA) from stable to negative due to the decline in insurance operations capital from falling equity prices

• FedEx (NYSE:FDX - Analyst Report) said it will cancel as many as 30 Boeing (NYSE:BA - Analyst Report) planes should Congress pass legislation making it easier for its truck drivers, couriers and others to unionize

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