Company News for June 29, 2011 - Corporate Summary
June 29 2011 - 5:10AM
Zacks
• Google Inc (NASDAQ:GOOG) unveiled social
networking site Google+ which will enable it to compete against
Facebook. The application is now in its trial period
• Car maker General Motors (NYSE:GM) said it has
concluded a deal with natural gas engine maker Westport Innovations
(NASDAQ:WPRT) which will enable it to cater to the light duty
vehicle segment
• A day after Monster Worldwide (NYSE:MWW)
announced the launch of BeKnown, shares of the company rose more
than 9%. Beknown is a networking application which is specially
designed for Facebook users not only to create a professional
network but also to search for career opportunities
• Analysts at Morgan Stanley (NYSE:MS) initiated
coverage on LinkedIn Corp. (NYSE:LNKD) with an "Overweight" rating.
Following this development, shares price of the social media
company rose 12.02%
• Share prices of NIKE, Inc. (NYSE:NKE) spiked up
10.14% after the company reported fourth-quarter earnings
results that topped the Street's estimates
• Analysts at BMO Capital downgraded shares of
Motorola Mobility Holdings Inc. (NYSE:MMI) to "Underperform" rating
citing stiff competition in the smart phone market segment
• New York Mortgage Trust, Inc. (NASDAQ:NYMT)
announced that it was going ahead with its secondary offering of 2
million shares. Following this development, shares of the company
dropped 5.46% to close at $7.44
• Youko.com Inc. (NYSE:YOKU) said it has entered
into an agreement with Time Warner Inc. (NYSE:TWX) which will allow
Youko.com to offer American movies to Chinese Internet users
• Analysts at UBS AG (NYSE:UBS) upgraded Spectra
Energy Partners, LP (NYSE:SEP) to "Buy" rating from "Neutral"
rating in its research note to investors
GENERAL MOTORS (GM): Free Stock Analysis Report
GOOGLE INC-CL A (GOOG): Free Stock Analysis Report
MOTOROLA MOBLTY (MMI): Free Stock Analysis Report
MORGAN STANLEY (MS): Free Stock Analysis Report
MONSTER WWD INC (MWW): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
NEW YORK MTG TR (NYMT): Free Stock Analysis Report
SPECTRA EGY PTR (SEP): Free Stock Analysis Report
TIME WARNER INC (TWX): Free Stock Analysis Report
UBS AG (UBS): Free Stock Analysis Report
WESTPORT INNOV (WPRT): Free Stock Analysis Report
YOUKU.COM- ADR (YOKU): Free Stock Analysis Report
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