Company News Briefs: E*Trade Plans To Raise $400 Million, JM Smucker Beats Estimates

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Company News Briefs: E*Trade Plans To Raise $400 Million, JM Smucker Beats Estimates

By Zacks Investment Research on June 18, 2009 | More Posts By Zacks Investment Research | Author's Website

JM Smucker (SJM) reported fiscal fourth quarter earnings of $1.02 per share, beating estimates by 39 cents, as revenue rose 81% to $1.1 billion

Chrysler announced its plans to reopen seven assembly lines

E*Trade (ETFC) announced plans to raise $400 million in a common stock offering and exchange $1 billion outstanding debt

AutoZone (AZO) said its board authorized a $500 million share repurchase program

Wachovia raised its quarterly earnings expectations for Bank of America (BAC) and Goldman Sachs (GS), while dropping same for JP Morgan (JPM) and Morgan Stanley (MS)

A Lions Gate Entertainment (LGF) filing with the SEC revealed investor Carl Icahn raised his holdings in the company

Watson Pharmaceuticals (WPI) agreed to buy privately-held Arrow Group in a $1.75 billion deal

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