(AAPL) Company News for August 24, 2011 – Corporate Summary

•    UBS AG (NYSE:UBS) reported that it will slash 3,500 jobs across the globe in an attempt to save $2.5 billion by the end of next year

•    The Wall Street Journal reported that Sprint Nextel Corp. (NYSE:S) along with AT&T, Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ) will be acquiring the rights to Apple Inc.’s (NASDAQ:AAPL) iPhone 5 that is expected to hit the market in September

•    Microsoft Corporation (NASDAQ:MSFT) said it is going to develop and market cloud-computing products in China

•    Omnicare Inc. (NYSE:OCR) said that it might acquire its rival PharMerica Corporation (NYSE:PMC)

•    Williams-Sonoma Inc. (NYSE:WSM) posted second quarter earnings per share (EPS) of $0.37, ahead of the Zacks Consensus Estimate of $0.36

•    HJ Heinz Co. (NYSE:HNZ) reported first quarter EPS of $0.78, falling short of the Zacks Consensus Estimate of $0.76

•    William Blair initiated coverage on Adolor Corp. (NASDAQ:ADLR) with an “Outperform” rating

•    Atlantic Equities downgraded Eaton Corporation (NYSE:ETN) to an “Underweight” rating from a “Neutral” rating

APPLE INC (AAPL): Free Stock Analysis Report

ADOLOR CORP (ADLR): Free Stock Analysis Report

EATON CORP (ETN): Free Stock Analysis Report

HEINZ (HJ) CO (HNZ): Free Stock Analysis Report

MICROSOFT CORP (MSFT): Free Stock Analysis Report

OMNICARE INC (OCR): Free Stock Analysis Report

PHARMERICA CORP (PMC): Free Stock Analysis Report

SPRINT NEXTEL (S): Free Stock Analysis Report

AT&T INC (T): Free Stock Analysis Report

UBS AG (UBS): Free Stock Analysis Report

VERIZON COMM (VZ): Free Stock Analysis Report

WILLIAMS-SONOMA (WSM): Free Stock Analysis Report

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