Company News for July 1, 2009

• General Mills (NYSE:GIS - Analyst Report) reported fiscal fourth quarter earnings of 86 cents per share, ex-items, besting estimates by 5 cents, versus 53 cents a share a year earlier, as net sales improved 5% y/y to $3.6 billion on strong sales of its cereal and dough products.  The company said it expects full-year earnings of $4.20 to $4.25 a share

• Microsoft's (NASDAQ:MSFT - Analyst Report) new Bing browser gained market share from Google (NASDAQ:GOOG - Analyst Report), during its first month of operation, surpassing Yahoo (NASDAQ:YHOO - Analyst Report) as the number two search engine

• Pfizer (NYSE:PFE - Analyst Report) said it is terminating its late-stage drug trial of Sutent, for first-time treatment of metastatic colorectal cancer

• AMAG Pharmaceuticals (NASDAQ:AMAG - Snapshot Report) announced FDA approval of its iron deficiency drug

• Goldman Sachs (NYSE:GS - Analyst Report) upgraded shares of Yum! Brands (NYSE:YUM - Analyst Report) to "buy"

• Constellation Brands (NYSE:STZ - Analyst Report) reported fiscal first quarter earnings of 33 cents a share, one penny above estimates, versus 43 cents a share a year ago.  The company reiterated its full year guidance