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Mercury Interactive (MERQ | Quote | Chart | News | PowerRating) warned for Q2. The new estimate is 0.30 - 0.35, down from 0.33 - 0.37.

Walgreen (WAG | Quote | Chart | News | PowerRating) June same store sales rose 7.8%.

Wal-Mart (WMT | Quote | Chart | News | PowerRating) June same store sales rose 4.5%.

CSFB cut the homebuilders and specifically KB Home (KBH | Quote | Chart | News | PowerRating) and M.D.C. Holdings (MDC | Quote | Chart | News | PowerRating) to underperform.

Mohawk (MHK | Quote | Chart | News | PowerRating) is buying Belgium's Unilin for $2.6 billion.

Merrill Lynch upped Morgan Stanley (MWD | Quote | Chart | News | PowerRating)  to 'buy.'

Amazon (AMZN | Quote | Chart | News | PowerRating) was raised to buy at Legg Mason.

Bausch & Lomb (BOL | Quote | Chart | News | PowerRating) is buying a controlling stake in China's Shandong Chia Tai  for $200 million.


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