Company News: SE, CMCSA, TWX, MMC, GNET, MA, PWR, LEAP, MRO, CS, PCS

• Spectra Energy (NYSE:SE) posted Q2 EPS of $0.42, above the Zacks Consensus Estimate of $0.40 per share. Revenues for the quarter rose 11.8% year-over-year to $1.19 billion, lower than the Zacks Consensus Estimate of $1.204 billion

• Comcast (NASDAQ:CMCSA) reported Q2 EPS of $0.42, ex-items, marginally higher than the Zacks Consensus Estimate of $0.41 per share. Revenues for the quarter rose 51% year-over-year to $14.3 billion, beating consensus estimates of $13.773 billion

• Time Warner (NYSE:TWX) posted adjusted Q2 EPS of $0.60, exceeding the Zacks Consensus Estimate of $0.56 per share. Revenues for the quarter rose 10.2% year-over-year to $7.03 billion, ahead of the Zacks Consensus Estimate of $6.788 billion

• Marsh & McLennan Cos. (NYSE:MMC) reported Q2 EPS of $0.50, surpassing the Zacks Consensus Estimate of $0.48 per share. Revenues for the quarter rose 12% year-over-year to $2.93 billion, topping the Zacks Consensus Estimate of $2.81 billion

• Customized traffic and news reports provider Global Traffic Network Inc (NASDAQ:GNET) is to be acquired by GTCR LLC, a private equity firm for $14 per share. Following this development, share prices of Global Traffic jumped 19.62% to close at $13.96

• Share prices of MasterCard Inc. (NYSE:MA) rose 13.39% after the company posted second quarter earnings figures that came in above market expectations

• Utilities contractor Quanta Services, Inc.’s (NYSE:PWR) shares prices increased 10.90% after the company increased its revenue outlook for the 2011 fiscal

• Analysts at Robert W. Baird downgraded Leap Wireless (NASDAQ:LEAP) to “Neutral” rating from an “Outperform” rating and reduced the target price to $11 from $19 per share

• Shares of Marathon Oil Co. (NYSE:MRO) were downgraded by analysts at Credit Suisse (NYSE:CS) to “Neutral” rating from “Outperform” rating with a target price of $36

• Analysts at Robert W. Baird downgraded shares of MetroPCS Communications, Inc. (NYSE:PCS) from an “Outperform” rating to a “Neutral” rating setting a new target price of $10, down from $22.

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