Company News for July 15, 2010

• JP Morgan (NYSE:JPM - Analyst Report) posted second quarter EPS of $1.09 which was above Zacks estimates of 71 cents. Revenues were $25.6 billion, down 7.6% from the year-ago period, compared with Zacks estimates of $25.5 billion

• Novartis (NYSE:NVS - Snapshot Report) reported second quarter EPS of $1.06 which was below Zacks estimates of $1.12. Revenues rose 11.1% year over year to $11.7 billion versus Zacks estimates of $11.4 billion

• Fairchild Semiconductor (NYSE:FCS - Snapshot Report) reported second quarter EPS of 40 cents versus Zacks estimates of 31 cents. Revenues increased 8.4% year over year to $409.6 million compared with Zacks estimates of $399 million

• Marriot International (NYSE:MAR - Analyst Report) reported second quarter EPS of 31 cents versus Zacks estimates of 28 cents. Revenues stood at $2.77 billion versus Zacks estimates of $2.51 billion

• Apple (NASDAQ:AAPL - Analyst Report) announced plans to address iPhone 4 related issues, following growing criticism about antenna-design issues, which culminated in Consumer Reports' failure to recommend the new smartphone

• Carlyle announced plans to purchase NBTY (NYSE:NTY) for $3.8 billion in cash, or $55 per share

• Kaufman initiated coverage of IBM (NYSE:IBM - Analyst Report) with a Hold and a price target of $135

• Goldman Sachs (NYSE:GS - Analyst Report) and the SEC have reportedly been discussing a possible settlement, which could involve fines of more than $1 billion and avoid charges of civil fraud

Read the full analyst report on JPM

Read the full analyst report on NVS

Read the full analyst report on FCS

Read the full analyst report on MAR

Read the full analyst report on AAPL

Read the full analyst report on NTY

Read the full analyst report on IBM

Read the full analyst report on GS