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Corporate Summary



•    The Travelers Companies, Inc. (NYSE:(TRV - Analyst Report) announced it was slowing down its share-repurchase program as natural disasters caused a $1 billion loss to the company in April and May.

•    Goodyear Tire & Rubber Co. (NYSE:(GT - Analyst Report) has decided to sell its Asian wire business to Hyosung Corp., a South Korean company for $50 million

•    Lululemon Athletica Inc. (NASDAQ:(LULU - Analyst Report) posted Earnings Per Share (EPS) of $0.46 for the first quarter ending May 2011 that surpassed the Zacks Consensus Estimate of $0.38 per share

•    According to reports, Ally Financial, which was earlier the financial services arm of General Motors Company (NYSE:(GM - Analyst Report), will delay its $5 billion initial public offering

•    Fusion-io Inc. (NYSE: raised $233.7 million through an initial public offering on its debut in public trading

•    Wells Fargo & Company (NYSE:(WFC - Analyst Report) upgraded Micron Technology Inc. (NASDAQ:(MU - Analyst Report) to “Outperform” from “Market Perform”

•    Credit Suisse Group (NYSE:(CS - Snapshot Report) upgraded Black Hills Corporation (NYSE:(BKH - Snapshot Report) to “Outperform” from “Neutral”

•    HSBC Holdings plc (NYSE: downgraded Rockwell Automation Inc. (NYSE:(ROK - Analyst Report) to “Neutral” from “Overweight”

•    Macquarie downgraded SunTrust Banks, Inc. (NYSE:(STI - Analyst Report) to “Neutral” from “Outperform”


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