Company News for June 30, 2009

• H&R Block (NYSE:HRB - Analyst Report) announced fourth quarter earnings of $2.09 a share, versus $1.66 a year ago, and ahead of estimates of $2.06 a share, as revenues declined to $2.47 billion from $2.54 billion.  The firm said it expects 2010 earnings of $1.60 to $1.80 a share

• Apollo Group (NASDAQ:APOL - Analyst Report) also bettered expectations with third-quarter earnings of $1.26 per share, beating estimates of $1.12 on revenues of $1.05 billion, up from $835.2 million a year ago and estimates of $1.04 billion

• Dell (NASDAQ:DELL - Analyst Report) is said to be developing a pocket-sized product for accessing the internet on Google's (NASDAQ:GOOG - Analyst Report) Android software

• General Mills (NYSE:GIS - Analyst Report) said it increased its quarterly dividend 4 cents to 47 cents a share

• Societe Generale raised its rating on Barclays Capital (NYSE:BCS - Snapshot Report) to "hold" from "sell" citing its improved capital position from the sale of its fund business to BlackRock, also noting estimates of profitability in 2009 and 2011. Its analysts expect Barclays (NYSE:BCS - Snapshot Report) to post losses in 2010

• Broadcom (NASDAQ:BRCM - Analyst Report) announced that its has raised its hostile takeover bid 19% to $912 million for Emulex (NYSE:ELX - Snapshot Report)

• A federal jury announced a $1.67 billion verdict against Abbott Labs (NYSE:ABT - Analyst Report) in a Johnson & Johnson (NYSE:JNJ - Analyst Report) patent infringement suit

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Read the full analyst report on DELL

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Read the full analyst report on ELX

Read the full analyst report on ABT

Read the full analyst report on JNJ