Company News for November 4, 2009

• Kraft (NYSE:KFT - Analyst Report) reported third quarter earnings of 55 cents a share on revenues of $9.8 billion, beating Zacks estimates of 48 cents, but slightly below revenue projections of $10.24 billion

• MedcoHealth Solutions (NYSE:MHS - Analyst Report) reported third quarter earnings of 75 cents ex-items, 4 cents above Zacks estimates, on revenues of $14.80 billion, up from estimates of $14.71 billion

• Miller Tabek upgraded entertainment stocks such as CBS (NYSE:CBS - Analyst Report), Entravision (NYSE:EVC - Snapshot Report), News Corp. (NASDAQ:NWS - Analyst Report), Viacom (NYSE:VIA.B), and Disney (NYSE:DIS - Snapshot Report) from "neutral" to "buy"

• Disney (NYSE:DIS - Snapshot Report) said China approved its plans for a $3.5 billion theme park in Shanghai, set to open in 2014 at the earliest

• Time Warner (NYSE:TWX - Snapshot Report) reported third quarter earnings of 61 cents a share, ahead of Zacks estimates of 52 cents.  Revenue of $7.14 billion was almost inline with Zacks estimates.  The firm said it sees full-year earnings of at least $2.05

• Garmin (NASDAQ:GRMN - Analyst Report) reported third quarter earnings of $1.02 a share, versus Zacks estimates of 70 cents on revenues of $781 million, which beat Zacks estimates of $695 million

• Energizer Holdings (NYSE:ENR - Analyst Report) was removed from Goldman Sachs' (NYSE:GS - Analyst Report) Conviction Buy List, on the outlook for disappointment in its margin recovery