Company News for March 01, 2011 - Corporate Summary

• Board of Directors of both Ventas, Inc. (NYSE:VTR) and Nationwide Health Properties, Inc. (NYSE:NHP) have approved a definitive merger agreement between the two companies

• Titanium Metals (NYSE:TIE) reported Q4 EPS of $0.13, in line with the Zacks Consensus Estimate of $0.13 per share. Revenues for the quarter rose 18% year-over-year to $217.3 million, lower than the Zacks Consensus Estimate of $219.0 million

• Sotheby’s (NYSE:BID) reported Q4 EPS of $1.38, in line with the Zacks Consensus Estimate of $1.38 per share. Revenues for the quarter rose 46% year-over-year to $318.5 million, above the Zacks Consensus Estimate of $298.0 million

• UBS (NYSE:UBS) downgraded Amazon.com, Inc. (NASDAQ:AMZN) to a ‘neutral’ from a ‘buy’ rating

• On Monday, manufacturer of car seats Amerigon Inc (NASDAQ:ARGN) said it would buy 76.6% of Germany’s WET Automotive Systems AG

• Drug developer PDL BioPharma Inc (NASDAQ:PDLI) said on Monday that it has settled legal disputes with Swiss drug manufacturer Novartis AG(NYSE:NVS)

• Kenneth Cole Productions Inc.’s (NYSE:KCP) announced that its chief executive was leaving, effective immediately. Kenneth Cole Productions Inc sells apparels and shoes

• MEMC Electronic Materials, Inc.’s. (NYSE:WFR) announced plans to sell senior notes worth $500 million. The company makes wafers used by semiconductor and solar industry

Company News for March 01, 2011 – Corporate Summary

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