(BSX) Company News for June 27, 2011 – Corporate Summary

•    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. (NASDAQ: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

BOSTON SCIENTIF (BSX): Free Stock Analysis Report

CONSTELLATN EGY (CEG): Free Stock Analysis Report

GOOGLE INC-CL A (GOOG): Free Stock Analysis Report

HSBC HOLDINGS (HBC): Free Stock Analysis Report

MICRON TECH (MU): Free Stock Analysis Report

ORACLE CORP (ORCL): Free Stock Analysis Report

PPL CORP (PPL): Free Stock Analysis Report

SEARS HLDG CP (SHLD): Free Stock Analysis Report

SOUTHN UNION CO (SUG): Free Stock Analysis Report

TIFFANY & CO (TIF): Free Stock Analysis Report

UBS AG (UBS): Free Stock Analysis Report

WILLIAMS COS (WMB): Free Stock Analysis Report

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