Company News Briefs: Apple To Cut Prices, McDonald’s Posts Comparable Sales Numbers Of 5.1%

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Company News Briefs: Apple To Cut Prices, McDonald’s Posts Comparable Sales Numbers Of 5.1%

By Zacks Investment Research on June 9, 2009 | More Posts By Zacks Investment Research | Author's Website

Apple (AAPL) halved its iPhone price to $99, and also slashed prices on products including notebook computers. A faster model iPhone was also introduced

McDonald’s (MCD) posted comparable sales numbers for May of 5.1%, which failed to equal April’s 6.9% advance

Goldman Sachs (GS) downgraded shares of Burlington Northern (BNI), and raised CSX (CSX)

Morgan Stanley (MS) downgraded shares of Nucor (NUE)

Google (GOOG) and eBay (EBAY) will present at the Credit Suisse (CS) convergence conference

Qualcomm (QCOM) will present at the UBS (UBS) Tech and Service conference at 12:45 PM ET

Procter & Gamble (PG) and Coca-Cola (KO) are due to present at the Deutsche Bank (DB) global consumer and Food Retail Group

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