Company News for December 21, 2010 - Corporate Summary

• Toronto-Dominion (NYSE:TD) announced plans to acquire Chrysler Financial for $6.3 billion

• Royal DSM said it would acquire Martek Biosciences (NASDAQ:MATK) for $1.09 billion, or $31.50 per share

• Alpha Natural Resources (NYSE:ANR) has shown interest for Massey Energy (NYSE:MEE)

• According to the WSJ, Wal-Mart (NYSE:WMT) has started giving customers $50 gift cards to purchasers of Apple’s (NASDAQ:AAPL) iPhone 4s

• Jefferies (NYSE:JEF) initiated coverage of Newell Rubbermaid (NYSE:NWL) at “hold,” with a price target of $20

• Macquarie initiated coverage for Amazon.com (NASDAQ:AMZN) at “outperform” rating, and eBay (NASDAQ:EBAY) at “neutral” rating

• Goldman Sachs (NYSE:GS) maintained a “buy” rating for Boeing (NYSE:BA) with a target price of $85

• ConAgra (NYSE:CAG) reported fiscal second quarter earnings at $0.45, matching the Zacks Consensus Estimate and revenues of $3.16 billion, slightly above the Zacks Consensus Estimate of $3.157 billion

• CarMax (NYSE:KMX) reported better-than-expected fiscal third quarter earnings of $0.36, ahead of the Zacks Consensus Estimate of $0.34, on revenues of $2.12 billion, ahead of the Zacks Consensus Estimate of $1.965 billion

• The SEC is planning to investigating Mark Hurd’s departure from Hewlett-Packard (NYSE:HPQ)

Company News for December 21, 2010 – Corporate Summary

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