Company News for November 30, 2010 - Corporate Summary

• Zurich-based ABB ABB said it agreed to buy Baldor Electric BEZ for $4.2 billion, or $63.50 per share

• Google GOOG is rumored to be in talks with online discounter Groupon, in a deal valued as much as $6 billion

• Seagate Technologies STX terminated talks with private equity firms without a deal. The company also announced plans to buy back shares worth $2 billion

• A number of firms started coverage of Vera Bradley VRA with positive comments

• Goldman Sachs GS initiated coverage of Diana Shipping DSX with a "buy" rating and a $17 price target

• Jefferies JEF upgraded Research In Motion RIMM from "hold" to "buy" with a price target of $80

• Seadrill SDRL reported third quarter earnings of $0.85 a share, beating consensus estimates of $0.79, on revenues of $1.075 billion, in-line with estimates