Stock Market News Briefs: Boston Scientific, Constellation Energy Group, Google, HSBC Holdings Plc, Micron Technology, Oracle, PPL, Sears Holdings, Southern Union Company, Tiffany & Co., UBS AG, Williams Companies
- Google Inc. (NASDAQ:GOOG) confirmed that it has received a formal notification from the U.S. Federal Trade Commission, which is investigating if Google’s search engine poses any threat for its peers
- Williams Companies, Inc. (NYSE:WMB) presented an all-cash buyout proposal to Southern Union Co. (NYSE:SUG) and valued the company at $4.9 billion, or $39 per share
- Oracle Corp.’s (NASDAQ:ORCL) shares dropped 4.1% after it reported disappointing hardware sales. However, it reported better-than-expected fourth-quarter earnings as robust top-line growth helped Oracle earn $0.71 per share in the quarter, beating the Zacks Consensus Estimate by $0.02
- Micron Technology Inc. (NYSE:MU) reported adjusted third quarter 2011 earnings per share of $0.00, lower than the Zacks Consensus Estimate of $0.17
- In a filing submitted to the SEC, Sears Holdings Corporation (NASDAQ:SHLD) said it was spinning off its home improvement unit Orchard Supply Hardware Store chain
- RBC Capital initiated coverage on PPL Corporation (NYSE:PPL) with an “Outperform” rating
- Wunderlich upgraded Constellation Energy Group, Inc. (NYSE:CEG) to “Buy” rating from “Hold” rating
- HSBC Holdings plc (NYSE:HBC) downgraded Tiffany & Co. (NYSE:TIF) to “Neutral” rating from an “Overweight” rating
- UBS AG (NYSE:UBS) downgraded Boston Scientific Corporation (NYSE:BSX) to “Neutral” rating from a “Buy” rating
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