Company News for July 6, 2011 - Corporate Summary

•    Share prices of Southern Union Co. SUG rose 4.21% to close at $42.07 after Energy Transfer Equity, L.P. ETE increased its bidding amount by 21% to $5 billion for the company, beating William's WMB bid of $4.9 billion

•    U.S. mining giant Peabody Energy Corp. 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 WFC opined that a medical journal report about Medtronic's MDT spine device will slow down sales. The report could also lead to investigations by federal regulators

•    Analysts at Oppenheimer & Co. OPY initiated coverage on shares of Zalicus, Inc. ZLCS with an "Outperform" rating and a target price of $4.00

•    Shares of Immucor, Inc. 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 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 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 EE were upgraded by analysts at Goldman Sachs GS to  "Buy" rating from  "Neutral" rating

•    Analysts at Morgan Stanley MS initiated coverage on Yandex 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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