• Apple (NASDAQ:AAPL) introduced its latest iPhone, iPhone4, slated for June 24 release. The new model, a thinner version, offers over 100 features including video-chatting capabilities
• Talbots (NYSE:TLB) reported first quarter earnings of 38 cents a share, versus Zacks expectations of 17 cents, as revenues increased 4.7% to $321 million, just shy of Zacks estimates of $322 million
• Dollar General (NYSE:DG) beat by 8 cents, as first quarter earnings of 42 cents were reported on revenues of $3.1 billion, up 11.9% from a year ago, and slightly higher than Zacks estimates of $3 billion
• Morgan Stanley (NYSE:MS) lowered its rating on CVS (NYSE:CVS) to “equalweight” after Walgreen’s pharmacy network plans
• Goldman Sachs (NYSE:GS) removed Mueller Water Products (NYSE:MWA) from its Conviction Sell List
