• Best Buy (NYSE:BBY) posted fiscal first quarter earnings of 36 cents a share, versus Zacks estimates of 50 cents, on revenues of $10.8 billion which came in below estimates of $10.95 billion
• CBOE Holdings (NASDAQ:CBOE) priced its initial offering late Monday at the top end of its $27-$29 range, pricing its 11.7 million share offering at $29 per share
• CVS Caremark (NYSE:CVS) approved a new $2 billion share repurchase program.
• Lincoln National (NYSE:LNC) said it will repay US Treasury TARP funds through the sale of 12.9 million common shares at $27.25 apiece, raising about $335 million
• Microsoft (NASDAQ:MSFT) launched the Xbox 360 “Slim,” its first major Xbox redesigned model in five years, with plans for immediate shipment
• Meredith Whitney adjusted slightly upward her opinions for Citigroup (NYSE:C) from “sell” to “underperform,” on Wells Fargo (NYSE:WFC) and on Capital One (NYSE:COF) from “sell” to “hold.”
• Research in Motion (NASDAQ:RIMM) is reportedly developing a tablet device to compete with Apple’s (NASDAQ:AAPL)
• Hershey (NYSE:HSY) said it will cut about 500-600 positions, or 5% of its workforce, a move expected to result in savings of $60-$80 million
