Company News for August 11, 2009

• Fluor (NYSE:FLR - Snapshot Report) on Monday reported second quarter earnings of 93 cents a share versus $1.12 a share on a revenue decline of 8% to $5.3 billion

• Freddie Mac (NYSE:FRE - Analyst Report), which had reported its first profit in two years, yesterday warned that the Taylor, Bean & Whitaker Mortgage Group collapse might cause it "significant" losses

• State Street (NYSE:STT - Snapshot Report) cautioned that $625 million that it set aside to address claims from losses linked to subprime mortgages might be exhausted

• General Motors (NYSE:GM) and eBay (NASDAQ:EBAY - Analyst Report) announced hundreds of California dealers are starting online car auctions

• Cumberland Pharmaceuticals announced that an initial public offering of its 5.0 million shares was priced at $17 per share.  The stock will start trading with the symbol CPIX

• American Capital Agency priced its 3.75 million common offering at $23.30 per share with the symbol AGNC

• Tellabs (NASDAQ:TLAB - Analyst Report) announced a $200 million share buyback plan; its Chairman plans to sell 3 million shares

• Deutsche Bank (NYSE:DB - Snapshot Report) initiated Kroger (NYSE:KR - Analyst Report) with a "buy" rating and a $28 price target