Pixar Reportedly Subject of SEC Inquiry

The Securities and Exchange Commission launched an informal inquiry into animated film production company Pixar (PIXR ) surrounding the DVD release of the hit film "The Incredibles", according to the Wall Street Journal.

Saks (SKS ) shares fell Friday. After completing internal investigations, the department store company said it believes a Saks Fifth Avenue unit improperly collected $26 million of markdown allowances from vendors between 1999 and 2003, as well as $8.2 million between 1996 and 1998. Saks intends to reimburse the vendors and pay about $14 million in interest.