Company News for July 6, 2011 - Corporate Summary
July 06 2011 - 5:10AM
Zacks
• Share prices of Southern Union Co. (NYSE:SUG)
rose 4.21% to close at $42.07 after Energy Transfer Equity, L.P.
(NYSE:ETE) increased its bidding amount by 21% to $5 billion for
the company, beating William's (NYSE:WMB) bid of $4.9 billion
• U.S. mining giant Peabody Energy Corp.
(NYSE:BTU) was amongst a consortium selected by the Mongolian
Government to develop the Tavan Tolgoi coal mining
project in the Gobi Desert
• Analysts of Wells Fargo (NYSE:WFC) opined that
a medical journal report about Medtronic’s (NYSE:MDT) spine device
will slow down sales. The report could also lead to investigations
by federal regulators
• Analysts at Oppenheimer & Co. (NYSE:OPY)
initiated coverage on shares of Zalicus, Inc. (NASDAQ:ZLCS) with an
"Outperform" rating and a target price of $4.00
• Shares of Immucor, Inc. (NASDAQ:BLUD) zoomed up
30.20% after TPG Capital agreed to buy the company for $27 per
share or for about $2 billion
• St. Joe's (NYSE:JOE) shares fell 9.10%
after a filing revealed that the real-estate development company
was being investigated by the SEC, primarily because of accounting
issues and lands valuation methods
• Western Union (NYSE:WU) unveiled plans to
acquire Travelex's Global Business Payments division for about
$968.7 million. The acquisition will allow the company to develop
its international business payments services
• Shares of El Paso Electric (NYSE:EE) were
upgraded by analysts at Goldman Sachs (NYSE:GS) to "Buy"
rating from "Neutral" rating
• Analysts at Morgan Stanley (NYSE:MS) initiated
coverage on Yandex (NASDAQ:YNDX) with an "Overweight" rating
and a target price of $42.00
IMMUCOR (BLUD): Free Stock Analysis Report
PEABODY ENERGY (BTU): Free Stock Analysis Report
EL PASO ELEC CO (EE): Free Stock Analysis Report
ENERGY TRAN EQT (ETE): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
ST JOE CO (JOE): Free Stock Analysis Report
MEDTRONIC (MDT): Free Stock Analysis Report
MORGAN STANLEY (MS): Free Stock Analysis Report
SOUTHN UNION CO (SUG): Free Stock Analysis Report
WELLS FARGO-NEW (WFC): Free Stock Analysis Report
WILLIAMS COS (WMB): Free Stock Analysis Report
WESTERN UNION (WU): Free Stock Analysis Report
ZALICUS INC (ZLCS): Free Stock Analysis Report
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