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•    Research firm  Argus downgraded Flextronics International Ltd. (NASDAQ:(FLEX - Free Report) from "buy" to "hold" rating

•    Merck & Co. Inc.'s (NYSE:(MRK - Free Report) earnings per share (excluding  special items) for the first quarter of 2011 came in at 92 cents, well above the Zacks Consensus Estimate of 84 cents and the year-ago earnings of 83 cents

•    Aon Corporation (NYSE:(AON - Free Report) reported Q1 EPS of $0.80, ex-items, in line with the Zacks Consensus Estimate

•    Verizon Communications Inc. (NYSE:(VZ - Free Report) fell after Citigroup downgraded the company from "buy to "hold" rating," citing valuation

•    ConAgra Foods, Inc. (NYSE:(CAG - Free Report) made an unsolicited bid for Ralcorp Holdings Inc. (NYSE:RAH), according to a report

•    Chevron Corp. (NYSE:(CVX - Free Report) reported a jump in its first-quarter 2011 profits, benefiting from higher oil prices and stronger refining margins. Earnings per share (excluding adjustments for foreign-currency effects) came in at $3.17, above the Zacks Consensus Estimate of $2.99 and the year-ago adjusted profit of $2.37

•    Total SA (NYSE:(TOT - Free Report) announced its plans to buy a 60% stake for about $2.3 billion in SunPower Corporation (NASDAQ:

•    DR Horton Inc. (NYSE:(DHI - Free Report) reported net income of $27.8 million or 9 cents per share in the second quarter of fiscal 2011. However, on excluding a non-cash tax benefit of $59.2 million and charges of $14.3 million for inventory impairments and land option cost write-offs, DR Horton realized a net loss of $17.1 million or 5 cents per share at par with the Zacks Consensus Estimate 

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