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

 
ABB LTD-ADR (ABB): Free Stock Analysis Report
 
BALDOR ELECTRIC (BEZ): Free Stock Analysis Report
 
DIANA SHIPPING (DSX): Free Stock Analysis Report
 
GOOGLE INC-CL A (GOOG): Free Stock Analysis Report
 
GOLDMAN SACHS (GS): Free Stock Analysis Report
 
JEFFERIES GP-NW (JEF): Free Stock Analysis Report
 
RESEARCH IN MOT (RIMM): Free Stock Analysis Report
 
SEAGATE TECH (STX): Free Stock Analysis Report
 
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