Company News for June 17, 2011 - Corporate Summary

•    Shares of Virginia-based bank Capital One Financial

rose 2.36% after the bank announced plans to purchase ING's U.S. online bank.  The deal will help Capital One become the fifth largest U.S. bank in terms of assets

•    Share prices of The Kroger Company

gained 4.53% after the biggest U.S. supermarket chain reported higher-than-expected quarterly earnings figures and increased its earnings forecast for the fiscal

•    On Thursday, Energy Transfer Equity, L.P.

said it plans to acquire natural gas line company Southern Union

for $4.1 billion

•    Odyssey Marine Exploration, Inc.

said it was pricing its public offering of 4.8 million shares at $3.05 a share

•    Share prices of digital advertisement company MediaMind Technologies Inc.

rose 37.45% after DG FastChannel Inc

offered to pay $418 million or $22 a share to acquire the company

•    Analysts at Lazard Capital Markets downgraded shares of Moody's Corp.

to "Neutral" rating from "Buy" rating

•    Share prices of motor home maker Winnebago Industries, Inc.

plunged 20.36% after the company posted earnings figures that came in below the Street's expectations

•    Culp, Inc.

reported Q4 EPS of $0.45, ahead of the Zacks Consensus Estimate for $0.25 per share. Revenues for the quarter increased 5.5% year-over-year to $60.4 million