Company News for May 11, 2009

• Fannie Mae (NYSE:FNM) reported a first-quarter loss of $23.2 billion, or $4.09 per share, worse than a year ago. The mortgage finance company also said it needs an additional $19 billion infusion from the U.S. Treasury

• After the close Thursday, AIG (NYSE:AIG) reported a quarterly loss of 97 cents a share, worse than consensus projections of a loss of 6 cents a share but better than $1.41 a year ago

• Satellite provider Dish Network (NASDAQ:DISH) reported better-than-expected first quarter earnigs 70 cents per share, beating estimates of 56 cents versus 57 cents a year ago, on inline revenues of $2.91 billion, up 2.1% year-over-year. The company also said it lost 94,000 subscribers during the quarter

• Listed among the nine US banks which do not need additional capital, BB&T (NYSE:BBT) announced its plans to sell $1.5 billion common shares, in its efforts to help repay TARP funds. The company also said it plans to cut its third quarter dividend 68% to 15 cents. Capital One Financial (NYSE:COF) announced plans to sell 56 million common shares; Principal Financial (NYSE:PFG) reported plans to sell 42.3 million shares to raise at least $1 billion. US Bancorp (NYSE:USB) announced its plans to sell $2.5 billion in common shares

• American International Group (NYSE:AIG) faces a congressional hearing on Wednesday. According to media reports its "Project Destiny" internal review calls for multi-year restructuring needs

• AT&T (NYSE:T) announced plans to purchase $2.35 billion in assets from Verizon (NYSE:VZ)

Read the full analyst report on FNM

Read the full analyst report on AIG

Read the full analyst report on DISH

Read the full analyst report on BBT

Read the full analyst report on COF

Read the full analyst report on PFG

Read the full analyst report on USB

Read the full analyst report on T

Read the full analyst report on VZ