Company News for June 13, 2011 - Corporate Summary

• The Travelers Companies, Inc. (NYSE:TRV) 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) has decided to sell its Asian wire business to Hyosung Corp., a South Korean company for $50 million

• Lululemon Athletica Inc. (NASDAQ:LULU) 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), will delay its $5 billion initial public offering

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

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

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

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

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

Company News for June 13, 2011 – Corporate Summary

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