Company News for June 29, 2010 - Corporate Summary

• Emerson Electric EMR raised its bid for Chloride to $1.5 billion in an attempt to stave off a recommended $1.25 billion offer from Switzerland's ABB

• A WSJ report says Abbott Labs ABT is planning to sell its vaccine business in a deal that could result in $614 million

• Tesla Motors starts trading on the NASDAQ this morning with a TSLA symbol after its $226 million initial offering priced at $17 per share following yesterday's market close

• Goldman Sachs GS initiated coverage of Berkshire Hathaway A and B shares BRKA, setting respective price targets of $152,000 and $101

• FBR upgraded shares of Noble NE from "market perform" to "outperform," taking the price target from $36 to $42

• Goldman Sachs GS upgraded Disney DIS from "neutral" to "buy," taking the price target from $33 to $42

• Deutsche Bank DB reiterated its "buy" rating on Seagate Technology STX, but cut the price target from $28 to $27

• Deutsche Bank DB reiterated a "buy" rating on Western Digital WDC, and lowered the price target from $55 to $51

• Goldman Sachs GS upgraded News Corporation NWS to "buy" from "neutral," raising the price target from $15.50 to $17