Company News for December 23, 2009

• Micron Technology (NYSE:MU - Snapshot Report) posted fiscal first quarter earnings of 23 cents a share, up from estimates of 6 cents, on revenues of $1.74 billion, which beat consensus projections of $1.59 billion

• Cintas (NASDAQ:CTAS - Analyst Report) reported non-GAAP earnings fell 21% to 39 cents, four cents under projections, as revenues dropped 10% from last year to $884.5 million

• Red Hat (NYSE:RHT - Snapshot Report) posted third quarter adjusted earnings of 17 cents a share, one penny above estimates, on better-than-expected revenues of $194.3 million, ahead of Street estimates of $188.49 million. Subscription revenues increased 21% to $164.4 million.

• Berkshire Hathaway (NYSE:BRK.A) reported a sale of 87,999 shares of Moody's Investor Services (NYSE:MCO - Analyst Report) on December 18 for $26.77 apiece, selling shares of the firm for the sixth time since July

• Goldman Sachs (NYSE:GS - Analyst Report) upgraded shares of Harmony Gold Mining (NYSE:HMY - Analyst Report) to "buy" from "neutral," while initiating coverage of South Africa-based Gold Fields (NYSE:GFI - Snapshot Report) with a "buy" rating

• AIG International (NYSE:AIG - Analyst Report) shares gained 10.7% on reports it has cancelled a planned IPO of its property-casualty unit Chartis, choosing instead to expand the business.

• Shares in YRC Worldwide (NASDAQ:YRCW - Snapshot Report) jumped 28.1% on news the company is ready to proceed with a new debt-for-equity exchange offer as the firm attempts to issue up to 42 million common shares to avoid bankruptcy filing

• TD Ameritrade (NASDAQ:AMTD - Snapshot Report) rose 4.1% after KBW upgraded the shares to "outperform" from "market perform," with a price target of $22.50

• Bristol-Myers Squibb (NYSE:BMY - Analyst Report) said it plans to increase its dividend by 3.2% in the first quarter of 2010

• ConAgra (NYSE:CAG - Analyst Report) shares gained 4.3% on a Credit Suisse (NYSE:CS - Snapshot Report) analyst note, which said strong cash flow could result in the announcement of a $660 million share repurchase, boosting earnings by 6%

• Schlumberger (NYSE:SLB - Analyst Report) was upgraded by Barclays (NYSE:BCS - Snapshot Report) to "overweight" with a price target $73, up from $64

Read the full analyst report on MU

Read the full analyst report on CTAS

Read the full analyst report on RHT

Read the full analyst report on BRK.A

Read the full analyst report on MCO

Read the full analyst report on GS

Read the full analyst report on HMY

Read the full analyst report on GFI

Read the full analyst report on AIG

Read the full analyst report on YRCM

Read the full analyst report on AMTD

Read the full analyst report on BMY