Company News for February 08, 2011 - Corporate Summary

• Loews Corp. L reported Q4 EPS of $1.12, ahead of the Zacks Consensus Estimate of $0.88 per share. Revenues for the quarter fell 3% year-over-year to $3.72 billion.

• AOL AOL announced its plans to acquire online news site Huffington Post for $315 million

• Ensco Plc ESV and Pride International PDE reported they have entered into a merger agreement under which Ensco will combine with Pride in a cash and stock transaction valued at $41.60 per share

• Glu Mobile GLUU reported a Q4 loss of $0.02 per share, ahead of the Zacks Consensus Estimate of a loss of $0.09 per share. Revenues fell 18% year-over-year to $15.6 million, ahead of the Zacks Consensus Estimate of $14.0 million

• Veeco VECO reported Q4 EPS of $1.62 per share above the Zacks  Consensus Estimate of $1.57 per share

• Danaher DHR reported its plan to acquire Beckman Coulter BEC

• Omx Group Inc has reported that it found suspicious files on its US servers but rulied out possibilities of hackers compromising its trading platform

• Credit Card giant Master Card MA gained 1.11% to close at $249.98 after a report showied a rise in credit card usage during the month of December

• Banking giant Bank of America BAC shares rose 2.66% after the company announced its decision to exit from the reverse-mortgage origination business