- Jobless claims fell 12,000 last week, more than expected.

- Aeropostale's Q1 net rises 81% to $31.7M led by a 21.3% rise in revs at $408M.

- Autodesk swung to a Q1 loss of $32.1M as revs fell 29% to $425.8M.

- Barnes & Noble posts Q1 loss but boosts Y09 EPS from $1.10 to $1.40.

- Brocade Comm swung to a Q2 loss of $63.1M on write-downs, acquisition and stock-compensation related costs.

- Campbell Soup raised Y09 f'cast, reported Q3 profit that exceeded cons. est.

- Fluor awarded $268M cryogenic plant project by Pemex Gas.

- Foot Locker beats by $0.07, posts Q1 EPS of $0.20 ($31M). Revs fell 7.1% to $1.22B.

- GM reaches cost-cutting pact with UAW on labor and retiree health care benefits.

- GMAC gets $7.5B from Treasury to fund Chrysler loans, boost capital.

- Gap Inc.'s Q1 net dropped 14% to $215M as revs slipped 7.4% to $3.13B.

- GlaxoSmithKline embroiled in a $1.9B battle with the IRS over tax deductions.

- Hormel's profit rose 3.6% to $80.4M on a gain from a dissolved JV.

- Investors Bancorp acquires $250M in deposits, 6 Banco Popular branches in New Jersey.

- J&J to buy Cougar Biotechnology for ~$1B ($43/sh) in a cash tender offer.

- McClatchy plans to exchange $1.15B in notes at a significant discount.

- ReneSola sees FY09 revs at $500-550M vs. cons. est. $585.70M.

- Sears Hldgs Corp. reported an unexpected Q1 profit despite 9% dip in revs to $10.1B, on cost, inventory cutting measures. Secures new $2.4B line of credit.

- Tech Data's Q1 net jumped a surprising 49% to $31.8M; revs down 18% to $4.99B.

Earnings Calendar: CPB, HRAY, MBT, MDTH, MPR, YGE.

Companies to watch: Aeropostale, Autodesk, Barnes & Noble, Campbell Soup, Foot Locker, GM, Gap Inc., GlaxoSmithKline, J&J, Tech Data.

Recent Egan-Jones Rating Actions

TORO CO (TTC)

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Information provided by Egan Jones