Company News for February 08, 2011 - Corporate Summary

• Loews Corp. (NYSE:L) reported Q4 EPS of $1.12, ahead of the Zacks Consensus Estimate of $0.88 per share. Revenues for the quarter fell 3% year-over-year to $3.72 billion.

• AOL (NYSE:AOL) announced its plans to acquire online news site Huffington Post for $315 million

• Ensco Plc (NYSE:ESV) and Pride International (NYSE:PDE) reported they have entered into a merger agreement under which Ensco will combine with Pride in a cash and stock transaction valued at $41.60 per share

• Glu Mobile (NASDAQ:GLUU) reported a Q4 loss of $0.02 per share, ahead of the Zacks Consensus Estimate of a loss of $0.09 per share. Revenues fell 18% year-over-year to $15.6 million, ahead of the Zacks Consensus Estimate of $14.0 million

• Veeco (NASDAQ:VECO) reported Q4 EPS of $1.62 per share above the Zacks Consensus Estimate of $1.57 per share

• Danaher (NYSE:DHR) reported its plan to acquire Beckman Coulter (NYSE:BEC)

• Omx Group Inc has reported that it found suspicious files on its US servers but rulied out possibilities of hackers compromising its trading platform

• Credit Card giant Master Card (NYSE:MA) gained 1.11% to close at $249.98 after a report showied a rise in credit card usage during the month of December

• Banking giant Bank of America (NYSE:BAC) shares rose 2.66% after the company announced its decision to exit from the reverse-mortgage origination business

Company News for February 08, 2011 – Corporate Summary

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