Company News for December 3, 2010 - Corporate Summary

• Walter Energy (NYSE:WLT) said it plans to acquire Canada’s Western Coal for $3.3 billion

• Google (NASDAQ:GOOG) is reported to have signed a deal to pay $1.9 billion for a Manhattan city block

• Citigroup (NYSE:C) downgraded eBay (NASDAQ:EBAY) from “buy” to “hold”

• Big Lots (NYSE:BIG) reported third quarter earnings of $0.23, a one-cent miss, on inline revenues of $1.06 billion. The firm lowered guidance to a $2.75-$2.81 range

• HSBC (NYSE:HBC) upgraded Banco Santander (NYSE:STD) from “neutral” to “overweight,” with a $12 price target

• Wells Fargo (NYSE:WFC) downgraded Broadcom (NASDAQ:BRCM) from “outperform” to “market perform”

• Goldman Sachs (NYSE:GS) downgraded Marvell Tech (NASDAQ:MRVL) from “buy” to “neutral,” with a $22 price target

• FBR upgraded National Semiconductor (NYSE:NSM) from “market-perform” to “outperform,” taking the price target from $17.50 to $20

• UBS (NYSE:UBS) began coverage of CBS (NYSE:CBS) with a “buy” rating and a price target of $21

Company News for December 3, 2010 – Corporate Summary

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