• Family Dollar (NYSE:FDO) posted fiscal second quarter earnings of 81 cents a share, which beat Zacks estimates of 77 cents, on inline revenues of $2.09 billion. The firm said it sees third-quarter earnings of 71 cents to 76 cents a share
• MSC Industrial (NYSE:MSM) posted fiscal second quarter earnings of 48 cents a share, one cent above Zacks estimates, on revenues of $395.5 million, above Zacks estimates of $393 million
• Hyatt Hotels (NYSE:H) announced plans to expand into 15 new markets in India over the next five years
• AT&T (NYSE:T) said its plans to invest $1 billion to upgrade its networks
• FBR Capital warned Alcoa’s (NYSE:AA) upcoming earnings release is unlikely to be a “blowout,” and warned of flat to slightly down second quarter results “consistent with seasonality” revenue factors. FBR kept the price target at $27 and the rating at “market perform”
• Business software manufacturer CA (NYSE:CA) said it plans to cut about 1,000 jobs and predicted 2010 results at the low end of Street estimates
• After a week-long delay, General Motors is expected to release its 2009 results, providing the first complete review of company finances since it emerged from bankruptcy last summer. A conference call is scheduled to be held at 10:00 am
• Goldman Sachs (NYSE:GS) upgraded shares of KeyCorp (NYSE:KEY) to “buy” from “neutral,” lifting the price target from $7 to $10
• UBS (NYSE:UBS) downgraded shares of Las Vegas Sands (NYSE:LVS) to “neutral” from “buy,” but raised the price target to $24 from $20
• Soleil maintained a “buy” rating on MeadWestvaco (NYSE:MWV), and raised the price target from $30 to $32
