Company News for September 29, 2011 - Corporate Summary

•    McCormick & Co. MKC posted Q3 EPS of $0.69, ex-items, higher than the Zacks Consensus Estimate of $0.64 per share. Revenues for the quarter rose 16% year-over-year to $920.4 million, exceeding the Zacks Consensus Estimate of $870 million

•    Amazon.com AMZN closed 2.45% higher after the online company unveiled its new tablet computer, the Kindle Fire Tablet which will be significantly cheaper than Apple's AAPL iPad

•    Cantor Fitzgerald LP lowered the target price of First Solar Inc. FSLR from $88 to $55. Following this development, shares of First Solar plunged10.41%

•    On Tuesday, Federal investigators raided Imperial Holdings Inc.'s IFT offices. Following this development, shares of the specialty-finance firm dropped 65.24% to close at $2.19

•    Share prices of business software firm Progress Software Corp. PRGS declined 8.20% to close at $17.80 after the company's earnings results came in disappointingly low

•    Analysts at JP Morgan JPM downgraded shares of Boise Inc BZ from "Overweight" rating to "Neural" rating

•    Share prices of Leap Wireless International Inc. LEAP increased 1.43% after analysts at Sanford C. Bernstein & Co. upgraded the wireless carrier from "Market Perform" rating to "Outperform" rating

•    Cloud computing service provider Saba Software Inc.'s  SABA shares gained 6.95% after the company reported its first-quarter earnings results that topped expectations