Company News for August 27, 2010 - Corporate Summary

• Toyota (NYSE:TM) announce recalls of over 1 million Corolla and Corolla Max vehicles due to engine problems

• H-P (NYSE:HPQ) sweetened its 3Par (NYSE:PAR) bid, which was followed this morning with Dell’s (NASDAQ:DELL) matching the $27 per share bid

• Tiffany (NYSE:TIF) posted second-quarter earnings of 55 cents a share, atop estimates of 53 cents on revenues of $668.8 million, less than the anticipated $690 million. The company said it sees full-year earnings of $2.60 to $2.62 a share

• HealthSprings (NYSE:HS) announced plans to acquire Bravo Health for $545 million

• J. Crew (NYSE:JCG) announced better-than-expected earnings of 53 cents for the second quarter, up from estimates of 46 cents on revenues of $407.5 million ahead of estimates of $403 million

• RBC upgraded Tesoro (NYSE:TSO) to “outperform” from “sector perform,” lifting the price target to $15 from $13

• JP Morgan (NYSE:JPM) upgraded Men’s Wearhouse (NYSE:MW) to “overweight” from “neutral,” with a price target of $25

Company News for August 27, 2010 – Corporate Summary

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