- Fluor awarded $268M cryogenic plant project by Pemex Gas.
- Foot Locker beats by $0.07, posts Q1 EPS of $0.20 ($31M). Revs fell 7.1% to $1.22B.
- GM reaches cost-cutting pact with UAW on labor and retiree health care benefits.
- GMAC gets $7.5B from Treasury to fund Chrysler loans, boost capital.
- Gap Inc.’s Q1 net dropped 14% to $215M as revs slipped 7.4% to $3.13B.
- GlaxoSmithKline embroiled in a $1.9B battle with the IRS over tax deductions.
- Hormel’s profit rose 3.6% to $80.4M on a gain from a dissolved JV.
- Investors Bancorp acquires $250M in deposits, 6 Banco Popular branches in New Jersey.
- J&J to buy Cougar Biotechnology for ~$1B ($43/sh) in a cash tender offer.
- McClatchy plans to exchange $1.15B in notes at a significant discount.
- ReneSola sees FY09 revs at $500-550M vs. cons. est. $585.70M.
- Sears Hldgs Corp. reported an unexpected Q1 profit despite 9% dip in revs to $10.1B, on cost,
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