(GM) Company News for June 29, 2011 – Corporate Summary

•    Google Inc (NASDAQ:GOOG) unveiled social networking site Google+ which will enable it to compete against Facebook. The application is now in its trial period

•    Car maker General Motors (NYSE:GM) said it has concluded a deal with natural gas engine maker Westport Innovations (NASDAQ:WPRT) which will enable  it to cater to the light duty vehicle segment

•    A day after Monster Worldwide (NYSE:MWW) announced the launch of BeKnown, shares of the company rose more than 9%. Beknown is a networking application which is specially designed for Facebook users not only to create a professional network but also to search for career opportunities

•    Analysts at Morgan Stanley (NYSE:MS) initiated coverage on LinkedIn Corp. (NYSE:LNKD) with an “Overweight” rating. Following this development, shares price of the social media company rose 12.02%

•    Share prices of NIKE, Inc. (NYSE:NKE) spiked up 10.14%  after the company reported fourth-quarter earnings results that topped the Street’s estimates

•    Analysts at BMO Capital downgraded shares of Motorola Mobility Holdings Inc. (NYSE:MMI) to “Underperform” rating citing stiff competition in the smart phone market segment

•    New York Mortgage Trust, Inc. (NASDAQ:NYMT) announced that it was going ahead with its secondary offering of 2 million shares. Following this development, shares of the company dropped 5.46% to close at $7.44

•    Youko.com Inc. (NYSE:YOKU) said it has entered into an agreement with Time Warner Inc. (NYSE:TWX) which will allow Youko.com to offer American movies to Chinese Internet users

•    Analysts at UBS AG (NYSE:UBS) upgraded Spectra Energy Partners, LP (NYSE:SEP) to “Buy” rating from “Neutral” rating in its research note to investors

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MORGAN STANLEY (MS): Free Stock Analysis Report

MONSTER WWD INC (MWW): Free Stock Analysis Report

NIKE INC-B (NKE): Free Stock Analysis Report

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TIME WARNER INC (TWX): Free Stock Analysis Report

UBS AG (UBS): Free Stock Analysis Report

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YOUKU.COM- ADR (YOKU): Free Stock Analysis Report

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