Company News for January 03, 2011 - Corporate Summary

• Goldman Sachs (NYSE:GS) has invested $450.0 million in social networking firm Facebook, and is planning to invest another $1.5 billion, making the value of the site at about $50 billion

• Bank of America (NYSE:BAC) has reported fourth quarter charges of $3 billion on its GSE exposure, and $2 billion in its insurance unit

• Johnson & Johnson (NYSE:JNJ) and Boston scientists are planning jointly to bring blood testing of cancer cells to the market

• Barrons has recommended ten big-cap companies which includes the names of Exxon Mobil, (NYSE:XOM), Wal-Mart (NYSE:WMT), Pfizer (NYSE:PFE), JP Morgan (NYSE:JPM), General Motors (NYSE:GM), and Cisco (NASDAQ:CSCO)

• Alcoa (NYSE:AA) received a Deutsche Bank (NYSE:DB) upgrade to “buy” rating from “hold,” with a target price of $22 from $14.

• Boeing (NYSE:BA) was upgraded by JP Morgan (NYSE:JPM) to “overweight,” from “neutral” rating

• Barclays (NYSE:BCS) has maintained their “overweight” ranking, but has lowered the target price from $87 to $80

• Amazon.com (NASDAQ:AMZN) was rated at “overweight” by Morgan Stanley (NYSE:MS), with revenues expected to increase 194% to $100 billion by 2015

• General Motors (NYSE:GM) was added as a new “buy” by Goldman Sachs (NYSE:GS) with a target price of $43

• Piper Jaffray (NYSE:PJC) downgraded shares of Intel (NASDAQ:INTC) from “overweight” to “neutral,” with a target price of $21.50

• Citigroup (NYSE:C) added Advanced Micro Devices (NYSE:AMD) to its Top Picks List

• Teradyne (NYSE:TER) shares were removed from Goldman Sachs’ Conviction Buy List, but remained at a “buy” rating

Company News for January 03, 2011 – Corporate Summary

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