Company News for January 05, 2011 - Corporate Summary

• Qualcomm QCOM has announced plans to purchase Atheros Communications ATHR for $45 per share, in a deal valued at $3.5 billion

• After yesterday's close, Mosaic MOS reported fiscal second quarter earnings of $1.01 ex-items, versus $0.24 a year ago, ahead of the Zacks Consensus Estimate of $1.0, as sales surged 59% to $2.7 billion, higher the Zacks Consensus Estimate of $2.17 billion

• Family Dollar Stores FDO posted fiscal first quarter results of $0.58, lower than the Zacks Consensus Estimate of $0.61, on inline revenues of $2 billion

• Auriga maintained their coverage on Cisco CSCO with a "buy" rating  and with a target price of $25

• Deutsche Bank DB downgraded Clorox CLX from "buy" to "hold" with a $65 target price

• Citibank C downgraded Alcoa AA from "buy" to "hold" rating

• UBS UBS downgraded their ratings on Avon Products AVP and Colgate CL from "buy" to "neutral"

• Wedbush started coverage of Apple AAPL at "outperform," with a target price of $405

• Goldman Sachs GS upgraded General Mills GIS from "neutral" to "buy" rating with a target price of $41

• JP Morgan JPM has downgraded American Electric Power AEP from "overweight" to "neutral" with a target price of $44