Company News for December 20, 2011 - Corporate Summary


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•    In a deal worth $560 million, Winn-Dixie Stores Inc. (NASDAQ: WINN ) will be sold to supermarket operator Bi-Lo LLC. Following the development, shares of Winn-Dixie soared 70.1%

•    A company spokeswoman told Reuters that Procter & Gamble Co. (NYSE: PG ) has stopped full-time hiring for this fiscal year

•    Schnitzer Steel Industries Inc. (NASDAQ: SCHN ) said that weak environment for recycled metals on a global basis will take a toll on its first quarter fiscal 2012 earnings, dragging them lower. The company now expects earnings per share to come in between $0.18 and $0.25

•    Shares of Commercial Metals Company (NYSE: CMC ) slid 1.4% after the company declined investor Carl Icahn's $1.7 billion acquisition bid

•    According to British newspaper The Independent, Exxon Mobil Corporation (NYSE: XOM ) has offered to acquire U.K.'s Gulf Keystone Petroleum for around $10.9 billion

•    Red Hat, Inc. (NYSE: RHT ) reported third quarter earnings of $0.28 per share, higher than the Zacks Consensus Estimate of $0.19 a share


COMMERCIAL METL ( CMC ): Free Stock Analysis Report
PROCTER & GAMBL ( PG ): Free Stock Analysis Report
RED HAT INC ( RHT ): Free Stock Analysis Report
SCHNITZER STEEL ( SCHN ): Free Stock Analysis Report
WINN-DIXIE STRS ( WINN ): Free Stock Analysis Report
EXXON MOBIL CRP (XOM): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Investing Ideas , Stocks
More Headlines for: CMC , PG , RHT , SCHN , WINN

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