Company News: Google Planning To Launch Operating System, Kohl Upgraded By Goldman Sachs

• Ruby Tuesday (RT) reported fourth quarter earnings of 28 cents per share, besting analysts’ estimates of 19 cents, on revenues of $317.3 million, ahead of estimates of $303.95 million. The company expects fiscal 2010 earnings of 50-65 cents versus estimates of 55 cents, and sees same-store-sales declining 2.5-3.5%
• Amgen (AMGN) reported the successful completion of a Phase 3 trial of its bone drug for the treatment of bone metastases in advanced breast cancer patients
• Goldman Sachs (GS) upgraded Kohl’s (KSS), saying the firm is best positioned department store to show positive comparable sales in its fourth quarter
• BJs Wholesale Club (BJ) received a downgrade from Goldman Sachs (GS) on concerns consumers may shift from bargain hunting to more discretionary retailers
• Google (GOOG) is planning the launch of a full operating system as it extends its Chrome browser, beginning with an introduction on netbooks in the second half of 2010. The new system is aimed at Microsoft’s (MSFT) dominant Windows operating system
• Weyerhaeuser (WY), the largest US lumber producer, slashed its quarterly dividend to 5 cents from 25 cents
• Pepsi Bottling (PBG) reported second quarter earnings of 78 cents per share, ex-items, topping estimates by 5 cents, on a 7% year-over-year revenue decline to $3.3 billion
• Family Dollar Stores (FDO) reported third quarter results of 62 cents per share on inline revenues of $1.8 billion

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