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Company News for November 6, 2009

By: Avishek Mishra
November 06, 2009 | Comments: 0
Recommended this article (1)
SBUX | H | JPM | F | VZ | GOOG | AIG | GE | AMZN | M | DB | NILE
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• Starbucks (NASDAQ:SBUX - Snapshot Report) reported fourth quarter earnings of 24 cents a share, up from last year's 10 cents, above Zacks estimates of 21 cents, as revenues dropped 3.7% to $2.42 billion. The firm raised its 2010 guidance to 15-20% earnings growth from prior guidance of 13-18% growth

• Hyatt Hotels (NYSE:H) shares gained 12% on their NYSE debut.  The company sold 38 million shares at $25 per share

• JP Morgan (NYSE:JPM - Analyst Report) lifted its price target on Ford (NYSE:F - Analyst Report)

• The smartphone marketplace will watch today's launch of Verizon's (NYSE:VZ - Analyst Report) much-heralded new "Droid" launch, using Google's (NASDAQ:GOOG - Analyst Report) Android operating system

• AIG (NYSE:AIG - Snapshot Report) reported third quarter earnings of $2.85 ex-items

• Bernstein upgraded General Electric (NYSE:GE - Analyst Report) and Amazon.com (NASDAQ:AMZN - Analyst Report) shares

• JP Morgan (NYSE:JPM - Analyst Report) upgraded Macy's (NYSE:M - Snapshot Report) shares

• Deutsche Bank (NYSE:DB - Snapshot Report) upgraded Blue Nile (NASDAQ:NILE - Snapshot Report) shares, lifting the price target from $30 to $50


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Market Summary Nov 22, 2009 02:02 am ET
DJIA 10318.16  -14.28 -0.14%
NASD 2146.04  -10.78 -0.50%
S&P 500 1091.38  -3.52 -0.32%
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