Company News for June 22, 2010

• Walgreen (NYSE:WAG) posted a fiscal third quarter earnings of 53 cents a shares, 4 cents below Zacks projections. Revenues of $17.2 billion, a 6.1% increase, were above Zacks estimates of $17.1 billion

• Intel (NASDAQ:INTC) and the FTC are reportedly in talks over a possible antitrust settlement, with both requesting the suspension of trial proceedings

• Argus Research kept a "buy" rating on ConocoPhillips (NYSE:COP), raising earnings estimates for the year to $7.45 from $7.30

• FBR reiterated an "outperform" rating on Peabody Energy (NYSE:BTU), with a $65 price target

• Jefferies Group (NYSE:JEF) posted fiscal second quarter earnings of 42 cents per share, 10 cents above Zacks projections, on revenues of $740.64 million

• General Motors (NYSE:GM) announced plans to market Opel under its Buick banner in this country

• Steelcase (NYSE:SCS) posted a wider-than-expected, fiscal first quarter GAAP loss of 8 cents versus Zacks expectations of 6 cent loss, on revenues of $541.8 million, which was ahead of Zacks projections of $524 million. The company said it sees fiscal second earnings at 1-5 cents per share on revenues of $560-$585 million

Read the full analyst report on WAG

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Read the full analyst report on COP

Read the full analyst report on BTU

Read the full analyst report on JEF

Read the full analyst report on GM

Read the full analyst report on SCS