• 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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