Company News for June 28, 2010 - Corporate Summary

• Noble NE announced that it agreed to acquire privately-held FDR Holdings LTD for $2.16 billion in cash

• Valspar VAL agreed to purchase Australian paint manufacturer Mattyl for about $124 million

• Kellogg K announced a recall of four cereal brands over taste and smell concerns

• A Boeing BA machinists union agreed to a contract, averting a strike

• Sanofi-Aventis SNY announced positive results on a diabetes treatment

• Raymond James RJF upgraded Research in Motion RIMM to "outperform" from "market perform," with a price target of $70

• Susquehanna downgraded Amazon AMZN from "positive" to "neutral," with a price target of $180