Company News for August 31, 2010 - Corporate Summary

• Some private investors are reportedly considering an offer for Saks (NYSE:SKS). The offer values the luxury retailer at $1.7 billion, or $11 per share

• Citigroup (NYSE:C) noted Sanofi-Aventis (NYSE:SNY) may bid up to $74-$77 per share for Genzyme (NASDAQ:GENZ)

• Deere (NYSE:DE) plans to sell its wind energy unit to Exelon (NYSE:EXC) for $860 million

• Wells Fargo (NYSE:WFC) upgraded Gap (NYSE:GPS) to “outperform” from “market perform,” with a price target range of $20-$22

• Bank of America (NYSE:BAC) upgraded Rio Tinto (NYSE:RTP) shares to “buy” from “neutral”

• Dollar General (NYSE:DG) posted fiscal second quarter earnings of 42 cents, versus expectatiosn of 38 cents, on inline revenues of $3.21 billion. The company said it sees full-year earnings of $1.67 to $1.74

• Piper Jaffray (NYSE:PJC) downgraded VF Corp. (NYSE:VFC) from “overweight” to “neutral,” dropping the price target from $89 to $79

Company News for August 31, 2010 – Corporate Summary

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