Company News for October 21, 2011 - Corporate Summary

•    Blackstone Group (NYSE:BX) posted a Q3 loss of $0.31 per share, lower than the Zacks Consensus Estimate of $0.05 per share

•    KeyCorp (NYSE:KEY) reported Q3 EPS of $0.24, surpassing the Zacks Consensus Estimate of $0.21 per share. Revenues for the quarter rose 1.4% year-over-year to $1.04 billion

•    AutoNation (NYSE:AN) posted Q3 EPS of $0.48, ex-items, in line with the Zacks Consensus Estimate. Revenues for the quarter rose 7.1% year-over-year to $3.51 billion

•    Share prices of Lam Research Corp.  (NASDAQ:LRCX) declined 5.91% to close at $40.11 after the semiconductor-equipment maker’s first quarter earnings plunged 63% due to sluggishness in the chip segment

•    A definitive merger agreement was concluded between AAR Corp (NYSE:AAR) and Telair International under which AAR Corp will buy Telair International and Nordisk Aviation Products, AS from Teleflex Inc. (TFX) for a purchase price of $280 million

•    Shares of retailer Macy's, Inc. (NYSE:M) increased 0.41% after Thomas Cole, the chief administration officer of the company filed paperwork to sell 72,000 shares of the company

•    Shares of Par Pharmaceutical Companies Inc. (NYSE:PRX) fell 2.32% to close at $28.63 after the pharma company disclosed that it has acquired rights of three products from Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) after Teva acquired Cephalon, Inc. (NASDAQ:CEPH)

•    On Thursday, Cisco Systems, Inc. (NASDAQ:CSCO) announced that it plans to buy BNI Video, a private company for a deal worth $99 million in cash and retention-based incentives

•    Analysts at Wunerlich upgraded shares of New Oriental Education & Technology (NYSE:EDU) to "Buy" rating from "Hold" rating

•    Analysts at Jefferies upgraded shares of Whole Foods Market (NASDAQ:WFM) to "Buy" rating from "Hold" rating

AUTONATION INC (AN): Free Stock Analysis Report

BLACKSTONE GRP (BX): Free Stock Analysis Report

CEPHALON INC (CEPH): Free Stock Analysis Report

CISCO SYSTEMS (CSCO): Free Stock Analysis Report

NEW ORIENTAL ED (EDU): Free Stock Analysis Report

KEYCORP NEW (KEY): Free Stock Analysis Report

LAM RESEARCH (LRCX): Free Stock Analysis Report

MACYS INC (M): Free Stock Analysis Report

PAR PHARMA COS (PRX): Free Stock Analysis Report

TEVA PHARM ADR (TEVA): Free Stock Analysis Report

WHOLE FOODS MKT (WFM): Free Stock Analysis Report

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