•     Google Inc (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 (GM) said it has concluded a deal with natural gas engine maker Westport Innovations (WPRT) which will enable  it to cater to the light duty vehicle segment

  •     A day after Monster Worldwide (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 (MS) initiated coverage on LinkedIn Corp. (LNKD) with an "Overweight" rating. Following this development, shares price of the social media company rose 12.02%

  •     Share prices of NIKE, Inc. (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. (MMI) to "Underperform" rating citing stiff competition in the smart phone market segment

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

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


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