Company News for June 6, 2011 - Corporate Summary

• Zynga Inc, one of the largest game makers for Facebook is negotiating with The Goldman Sachs Group, Inc. (NYSE:GS) to head its initial public offering and provide a credit line of over $1 billion, enabling the company to make acquisitions

• Wal-Mart Stores Inc. (NYSE:WMT) announced a new share buyback program during its 41st annual shareholders conference. The company was authorized to buyback up to $15 billion in shares

• Newell Rubbermaid Inc. (NYSE:NWL) has cut its 2011 outlook from $1.67 to $1.70 to between $1.60 and $1.67 a share. Weak consumer spending trends in the U.S. and disappointing economic conditions led to the cut.

• Wells Fargo & Company (NYSE:WFC) downgraded Frontline Ltd. (NYSE:FRO) from “Outperform” rating to “Market Perform” rating

• GT Solar International, Inc. (NASDAQ:SOLR) received a $460.4 million order from a China-based manufacturing company for its advanced sapphire crystallization furnaces

• Citigroup, Inc. (NYSE:C) upgraded Coca-Cola Hellenic Bottling Company S.A. (NYSE:CCH) from “Hold” rating to “Buy” rating

• Jefferies Group Inc. (NYSE:JEF) initiated coverage on Cisco Systems (NASDAQ:CSCO) with a “Hold” rating

• Jefferies Group Inc. (NYSE:JEF) initiated coverage on NIKE (NYSE:NKE) with a “Buy” rating

Company News for June 6, 2011 – Corporate Summary

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