Company News for July 9, 2009

• Chevron (NYSE:CVX - Analyst Report) is the only DJIA component expected to report its earnings today.  Analysts expect the company to report second-quarter earnings of $1.27 per share, down from $2.90 a year ago

• AIG (NYSE:AIG - Snapshot Report) is reportedly in early talks with rival MetLife (NYSE:MET - Analyst Report) to sell its Alico unit, which could bring in as much as $15 billion

• Credit Suisse (NYSE:CS - Analyst Report) raised its rating on KB Homes (NYSE:KBH - Snapshot Report) to "outperform"

• Bank of America/Merrill (NYSE:BAC - Analyst Report) upgraded Goldman Sachs (NYSE:GS - Analyst Report) to "buy," on expectations of better-than-estimated second quarter earnings, due out next week. Analysts upped the price target from $144 to $175, increasing estimates for 2009 and 2010 as well

• Among same-store-sales numbers: Less-worse numbers were posted by Zumiez (NASDAQ:ZUMZ - Analyst Report), with a 19.3% decline versus estimates of a 20.4% drop. Worse-than-expected results were posted by Limited (NYSE:LTD - Snapshot Report) down 12% versus estimates of a 7.9% drop, and Wet Seal (NASDAQ:WTSLA - Analyst Report) with a 11.1% drop versus estimates of a 8.7% decline

• Walgreen (NYSE:WAG - Analyst Report) increased its quarterly dividend 22% to $0.1375

• Paccar (NASDAQ:PCAR - Analyst Report) halved its quarterly dividend payout from 18 cents to 9 cents