Company News for November 2, 2009 – Corporate Summary

• Ford (NYSE:F) reported a profit of 26 cents a share, beating expectations of a 12 cent loss, on better-than-expected revenues of $30.9 billion. The firm maintained estimates for 2009 industry sales of 10.6 million.  Cash reserves went from $21 billion to $23.8 billion during the quarter

• CIT Group (NYSE:CIT) announced its prepackaged bankruptcy plans with an exit possible as soon as two months hence. Bondholders could receive 70 cents on the dollar in a proceeding of due process in the courts, exclusive of government control

• Pfizer (NYSE:PFE) CEO Kindler told the Financial Times he expects passage of the final healthcare bill by yearend

• Royal Bank of Scotland (NYSE:RBS) said negotiations with the European Commission are in their final stages, and "will include some divestments not initially contemplated"

• Number one milk producer, Dean Foods (NYSE:DF), reported third quarter earnings of 34 cents a share, one cent above estimates, on revenues of $2.77 billion, off estimates of $2.94 billion

• Humana (NYSE:HUM) released third quarter earnings one penny above estimates at $1.78 on in-line revenues of $7.72 billion