Apollo Group Beats Expectations

While Apollo Group Inc. (APOL) reported flat third quarter earnings of 75 cents per share, the results beat expectations by 8 cents per share prompting an analyst upgrade. Shares of the for-profit educator leaped $7.65 to close at $58.43.

American Home Mortgage Warns Of Loss

American Home Mortgage Investment Corp. (AHM) blamed increasing mortgage delinquencies for forecasting a loss for the second quarter. The stock price plummeted $2.53 to close at $18.38.

Packeteer Owes Million In Taxes

The IRS notified Packeteer Inc. (PKTR) that the company owed an additional $122 million for taxes as well as $49 million in penalties, excluding interest. The stock price plunged $1.67 to close at $7.81.

MMC To Offer Shares At Discount

MMC Energy Inc. (MMCE) will offer approximately 9.1 million shares of common stock at a discount from its closing price yesterday. The stock price tumbled $1.31 to close at $5.49.

Commerce Bancorp CEO To Retire

Commerce Bancorp Inc. (CBH) announced the retirement of founder, chairman and chief executive Vernon W. Hill II sending shares of the company soaring $3.18 to close at $36.99.

Local.com Receives Patent

Earlier this week, the U. S. Patent and Trademark Office granted a patent to Local.com Corp. (LOCM) for its method of indexing and retrieving web-based data by geographical location. The stock price leaped $2.98 to close at $6.92.

Build-A-Bear To Explore Alternatives

Build-A-Bear Workshop Inc. (BBW) retained the services of Lehman Bros. to explore strategic ways to enhance shareholder value sending the stock price soaring $3.19 to close at $25.70.

Herman Miller Warns Of Earnings Shortfall

Herman Miller Inc. (MLHR) warned that first quarter results will fall short of expectations sending shares of the furniture maker tumbling $3.37 to close at $31.60.

Comverge To Buy Enerwise

Comverge Inc. (COMV) will pay approximately $75.7 million in cash and stock to acquire Enerwise Global Technologies. The stock price climbed $1.76 to close at $30.01.

FDA Panel Recommends Approval For CryoCor's Device

A Food and Drug Administration advisory panel recommended that the agency approve CryoCor Inc.'s (CRYO) Cardiac Cryoablation System to correct irregular heartbeats sending the stock price soaring $2.17 to $4.71.

Digital River Lowers Outlook

Digital River Inc. (DRIV) lowered its sales and earnings outlook due to slowing e-commerce demand and a delay with one account. The stock price plunged $5.11 to $45.56.

ComScore Leaps On First Trading Day

The stock price of ComScore Inc. (SCOR) leaped $6.97 to close at $23.47 on its first day of trading.

Data Domain Surges In Debut

Shares of Data Domain Inc. (DDUP) surged $9.95 to close at $24.95 in its market debut.

Earnings Rise For Nike

Fourth quarter earnings rose to 86 cents per share from 64 cents per share in the year ago period for Nike Inc. (NKE). Shares of the footwear and apparel maker jumped $4.47 to close at $58.29.

Spreadtrum Communications' Climbs In Debut

Shares of Spreadtrum Communications Inc. (SPRD) climbed $1.95 to close at $15.95 on its first day of trading.

CommScope Offers $2.6 Billion For Andrew

Andrew Corp. (ANDW) received a $2.6 billion takeover bid from rival CommScope Inc. (CTV). Shares of Andrew climbed $1.42 to close at $14.40 while CommScope stock added 71 cents to close at $55.87.

Guitar Center Receives $1.9 Billion Bid

A private equity firm offered $1.9 billion in cash to purchase Guitar Center Inc. (GTRC) sending the stoc price soaring $9.92 to close at $59.98.

Steelcase's Forecast Disappoints

While first quarter earnings for Steelcase Inc. (SCS) surged to 23 cents per share from 12 cents per share a year earlier, the office furniture maker forecast second quarter results below expectations sending the stock price down $1.23 to close at $18.58.

Labor Concerns Weigh Down Kroger

Kroger Co. (KR), the nation's largest traditional supermarket chain, reported higher revenues and earnings of 47 cents per share compared with 42 cents per share in the year ago period, but investors worried about labor issues. The stock price tumbled $2.00 to close at $27.66.

Loan Concerns Sink W Holding

Shares of W Holding Co. Inc. (WHI) fell $1.87 to close at $3.14 due to worries about its commerical and residential loan portfolio.

Huntsman Receives $9.6 Billion Offer

Huntsman Corp. (HUN) was the target of a $9.6 billion cash and debt deal offered by Dutch-baed Basell, a chemical manufacturing company. The stock price jumped $5.31 to close at $24.21.

Iberdrola To Buy Energy East

Iberdrola SA will pay $4.5 billion in cash to acquire Energy East Corp. (EAS) sending shares of the regional utility owner soaring $3.71 to close at $26.25.

Ventana Medical Target Of Hostile Takeover

Ventana Medical Systems Inc. (VMSI) was the target of a $3 billion hostile takeover bid by Roche Holding. The stock price leaped $24.69 to close at $76.43.

Blackstone Group Loses Ground

The Blackstone Group (BX) lost some ground by falling $2.62 to close at $32.44 after an impressive initial public offering on Friday.

Schlumberger Retreats From Friday High

Investors took profits on Schlumberger Ltd. (SLB) whose shares hit an all-time high on Friday. The stock price dropped $2.04 to close at $87.16.

U. S. Xpress Receives Tender Offer

U. S. Xpress Enterprises Inc. (XPRSA) president Patrick E. Quinn and chief executive Max L. Fuller made a tender offer to buy all outstanding shares of the truckload services company sending the stock price soaring $4.740 to close at $18.94.

America First Apartment To Be Acquired

Privately held Sentinel Real Estate Corp. will acquire America First Apartment Investors Inc. (APRO) for approximately $532 million including the assumption of $250 million in debt. The stock price gained $2.45 to close at $24.99.

Hoku Scientific Continues To Climb

Hoku Scientific Inc. (HOKU) continued to rise by climbing $2.00 to close at $10.74 after landing a $185 million contract last week.

Google Surges Over Launch Of iPhone

Google Inc. (GOOG) shares rose $2.44 to close at $527.42 on hopes that its video and mapping applications may benefit from the launch of Apple Inc.'s (AAPL) iPhone. Apple stock climbed 66 cents to close at $122.34.

Macy's Rumored To Be Acquisition Target

Speculation that Macy's Inc. (M) may be acquired lifted shares of the department store operator $2.56 to close at $41.43.

Chipotle Mexican Grill Downgraded

J. P. Morgan downgraded Chipotle Mexican Grill Inc. (CMG) citing the possibility of higher expenses as well as valuation concerns. Shares of the casual dining chain plunged $3.87 to close at $79.58.

Cinemark Holdings Downgraded

Banc of America Securities downgraded Cinemark Holdings Inc. (CNK) over disappointing summer movie ticket sales. Shares of the movie theater operator sank $1.13 to close at $17.42.

Quantum Fuel Raises $18.75 Million

Shares of Quantum Fuel Systems Technologies Worldwide Inc. (QTWW) tumbled 42 cents to close at $1.67 after the maker of hybrid vehicle systems raised $18.75 million in a private offering.

Smith Micro Software Available For Wireless Devices

Smith Micro Software Inc. (SMSI) announced the availability of its flagship software for wireless devices sending the stock price surging $2.05 to close at $14.65.

Sohu.com Upgraded

Credit Suisse analyst Wallace Cheung upgraded Sohu.com Inc. (SOHU) for its strong online game business. The stock price climbed $2.33 to close at $29.87.

ESCO Technology Contract Under Review

ESCO Technologies Inc. (ESE) was the casualty of the day after its contract with PG&E came under review. The stock price plummeted $9.83 to close at $36.24.

IDM Announces Stock Repurchase Plan

IDM Pharma Inc. (IDMI) announced a $25 million stock offering sending the stock price plunging $1.12 to close at $3.02.

Equity Inns Receives Takeover Offer

Equity Inns Inc. (ENN) was the target of a $2.2 billion offer from a real estate investment trust. The stock price surged $3.32 to close at $22.68.

Andersons Raises Forecast

Ethanol and grain producer Andersons Inc. (ANDE) raised its full-year profit outlook as new ethanol plants come online. The stock price surged $5.10 to close at $45.50.

Hoku Signs $185 Million Contract

Hoku Scientific Inc. (HOKU) signed a 7-year solar panel component contract worth $185 million sending its stock price soaring $2.65 to close at $9.60.

Earnings Rise For WSI Industries

WSI Industries Inc. (WSCI) posted higher earnings of 8 cents per share compared with 6 cents per share in the year ago period due to strong demand for its contract manufacturing services. The stock price leaped $1.29 to close at $5.99.

No Sale Of MGM's Bellagio

Shares of MGM Mirage (MGM) fell $5.90 to close at $80.60 after talks about the possible purchase of MGM's Begllagio hotel and casino by Kirk Kerkorian's investment group ended.

Pfizer Ends Partnership With Coley

Shares of Coley Pharmaceutical Group Inc. (COLY) plummeted $5.03 to close at $3.46 after Pfizer Inc. (PFE) cancelled its partnership for Coley's lung cancer treatment. Shares of Pfizer eased 50 cents to close at $25.71.

Brush Engineered Materials Lowers Guidance

Brush Engineered Materials Inc. (BW) issued lowered guidance due to weak demand for its aerospace and electronics materials and parts. The stock price plunged $10.23 to close at $40.44.

Darden Restaurants Swings To Loss

Darden Restaurants Inc. (DRI) blamed charges for swinging to a fourth quarter loss. Shares of the casual dining chain dropped $3.41 to close at $43.44.

Chart Industries Upgraded

Morgan Stanley analyst Ole Slorer cited improving prices for upgrading Chart Industries Inc. (GTLS) sending the stock price up $1.91 to close at $26.64.

Fuel Tech To Work With Itochu Hong Kong

Fuel Tech Inc. (FTEK) will work with Itochu Hong Kong on a combustion unit program in China. The stock price leaped $5.28 to close at $33.97.

Leggett & Platt Lowers Forecast

Leggett & Platt Inc. (LEG) blamed market weakness for lowering its second quarter forecast as well as its full year outlook. The stock price fell $1.49 to close at $22.08.

Judge Rules In Favor Of Bristol-Myers

A judged ruled in favor of Bristol-Myers Squibb Co. (BMY) in a patent case involving the company's blood thinner Plavix. The stock price rose $1.27 to close at $31.58.

Gentex Upgraded

Banc of America upgraded Gentex Corp. (GNTX) in anticipation of increased sales of the company's rear camera display technology. The stock price climbed $1.62 to close at $20.02.

Best Buy Lowers Guidance

Consumer electronics retailer Best Buy Co. Inc. (BBY) lowered its guidance for 2008 profits due to stifled consumer spending sending the stock price tumbling $2.83 to close at $45.18.

Royal Philips Makes Offer For Color Kinetics

LED light system maker Color Kinetics Inc. (CLRK) was the target of a $688 million offer from Royal Philips Electronics NV. Shares of Color Kinetics leaped $3.86 to close at $33.65.

Expedia To Buyback Stock

Expedia Inc. (EXPE) announced a stock buyback of up to 42% of its common stock for $3.5 billion. Shares of the online travel company surged $3.64 to close at $29.14.

Wendy's Warns Of Earnings Shortfall And Possible Sale

Wendy's International Inc. (WEN) warned that annual earnings would fall short of expectations and announced that the nation's third largest hamburger chain may sell itself. The stock price dropped $1.47 to close at $38.26.

Arch Coal Downgraded

Goldman Sachs cited high inventory levels for downgrading Arch Coal Inc. (ACI). Shares of the coal producer tumbled $1.82 to close at $37.25.

More Tests For Encysive Pharmaceuticals' Drug

Encysive Pharmaceuticals Inc. (ENCY) encountered delays after the FDA asked for more tests for its hypertension drug candidate sending the stock price plunging $1.78 to close at $2.32.

Finish Line To Pay About $1.46 Billion For Genesco

Finish Line Inc. (FINL) will pay approximately $1.46 billion to purchase Geneseco Inc. (GCO). Shares of Finish Line fell $1.10 to close at $11.53 while Genesco stock surged $4.15 to close at $53.75.

Yahoo CEO Steps Down

The CEO of Yahoo Inc. (YHOO) stepped down after facing intense scrutiny as the Silicon Valley's highest compensated executive. The stock price added 81 cents to close at $28.12.

Vical Reports Impressive Trial Results

Vical Inc. (VICL) reported impressive results for its gene delivery technology sending the stock price soaring 96 cents to close at $5.95.

Infinera To Provide Equipment To ITC Deltacom

Infinera Corp. (INFN) will provide digital optical networking equipment to ITC Deltacom Inc. The stock price soared $3.00 to close at $27.05.

Build-A-Bear Lowers Forecast

Build-A-Bear Workshop Inc. (BBW) lowered its forecast due to a decline in same-store sales. The stock price plummeted $6.89 to close at $22.72.

Progressive Downgraded

Stifel Nicolaus cited competition concerns for downgrading Progressive Corp. (PGR). Shares of the auto insurance company dropped 90 cents to close at $23.80.

Revenue Falls For Alliance One

Although Alliance One International Inc. (AOI) narrowed fourth quarter losses, revenue fell sending the stock price down $1.00 to close at $10.63.

Expedia Rumored To Go Private

Rumors that Expedia Inc. (EXPE) will go private lifted shares of the online travel company 91 cents to close at $25.37.

Penn National Gaming To Go Private

Penn National Gaming Inc. (PENN) will be taken private in a $6.1 billion all cash deal. Shares of the racetrack and casino operator jumped $10.98 to close at $62.12.

Luna Licenses Technology To Intuitive

Luna Innovations Inc. (LUNA) will license its technology to Intuitive Surgical Inc. (ISRG). Shares of Luna gained 91 cents to close at $4.66 while Intuitive stock rose $1.18 to close at $141.26.

Hoku Signs $678 Million Deal With Suntech

Hoku Scientific Inc. (HOKU) signed a $678 million deal to provide polysilicon to Suntech Power Holdings Co. Ltd. (STP). Shares of Hoku leaped $2.15 to close at $6.75 while Suntech stock climbed $1.47 to close at $33.75.

FDA Rejects Sanofi-Aventis' Drug

Shares of Sanofi-Aventis (SNY) lost $1.74 to close at $41.33 after the FDA rejected its weight loss drug.

Sun Reaffirms Growth Targets

Sun Microsystems Inc. (SUNW) shares edged up 9 cents to close at $5.08 as the company reaffirmed its growth targets.

Eastman Kodak Develops New Technology

Eastman Kodak Co. (EK) developed new color-filter technology that may improve the performance of camera phones in poor lighting conditions. The stock price climbed $2.16 to close at $29.19.

Clearwire Enters Deal With DirecTV And EchoStar

Clearwire Corp. (CLWR) shares rallied on news of a wireless broadband services deal with DirecTV Group Inc. (DTV) and EchoStar Communications Corp. (DISH). Shares of Clearwire leaped $4.63 to close at $23.93 while DirecTV stock rose 62 cents to close at $23.48. EchoStar stock held steady at $44.93.

Force Protection Will Join Russell 3000

Force Protection Inc. (FRPT) will be added to the Russell 3000 index on June 22. The stock price rose $1.39 to $25.24.

Schulman Warns Of Weakness

A. Schulman Inc. (SHLM) shares lost ground by tumbling $2.46 to $21.50 due to weak demand for its high performance plastics and resins.

Schulman Warns Of Weakness

A. Schulman Inc. (SHLM) shares lost ground by tumbling $2.46 to $21.50 due to weak demand for its high performance plastics and resins.

VeriFone Secures China Postal Savings Bank Contract

VeriFone Holdings Inc. (PAY) was selected by China Postal Savings Bank for its payment services. The stock price climbed $3.17 to close at $35.83.

Aventine Renewable Energy Downgraded

Analysts downgraded Aventine Renewable Energy Holdings Inc. (AVR) in anticipation of lower ethanol prices sending the stock price down $1.31 to close at $14.84.

Magellan Health Wins $500 Million Contract

Magellan Health Services Inc. (MGLN) won a $500 million contract with the Arizona Department of Health Services to provide behavioral health services. The stock price surged $3.98 to close at $47.08.

Dean Foods Cuts Forecast

Dean Foods Co. (DF) cited higher raw milk prices for cutting its 2007 earnings forecast. Shares of the food and beverage company dropped $1.39 to close at $31.07.

American Commercial Lines Lowers Outlook

American Commercial Lines Inc. (ACLI) blamed market weakness for lowering its full year forecast. The stock price plunged $2.63 to close at $26.27.

Cal Dive To Acquire Horizon Offshore

Horizon Offshore Inc. (HOFF) agreed to be acquired by Cal Dive International Inc. (DVR) for approximately $628 million in cash and stock. Shares of Horizon rose $1.69 to close at $18.64 while Cal Dive stock eased 48 cents to close at $15.52.

Toyota Unseats GM

General Motors Corp. (GM) was unseated by Toyota Motor Corp. as the world's biggest carmaker. The stock price lost 34 cents to close at $31.43.

Emcor Group Lifts Outlook

Emcor Group Inc. (EME) lifted its full year earnings outlook due to strong demand. The stock price leaped $5.42 to close at $70.10.

H&R Block Upgraded

UBS analyst Kelly A. Flynn upgraded H&R Block Inc. (HRB) in anticipation of a buyout once the tax preparation services company sells its subprime lending unit. The stock price rose $1.06 to close at $23.58.

UST Upgraded

UBS upgraded smokeless tobacco maker UST Inc. (UST) saying that the company will benefit from Marlboro's new Snus product. Shares of UST climbed $2.87 to close at $54.35 while Altria Group Inc. (MO) stock edged down 8 cents to close at $70.22.

Test Results Lift Medivation

Shares of Medivation Inc. (MDVN) surged $3.62 to close at $19.80 on positive results for its Alzheimer's drug treament.

Nucor Warns Of Earnings Drop

Shares of Nucor Corp. (NUE) tumbled $3.95 to close at $62.66 after the steel maker warned that earnings would drop in the second quarter.

ThyssenKrupp Not Interested In U. S. Steel

German steel company ThyssenKrupp AB denied that it was engaged in discussions to purchase United States Steel Corp. (X) sending the stock price plunging $8.85 to close at $116.20.

Limelight Networks Soars In Debut

Shares of Limelight Networks (LLNW) soared $7.18 to close at $22.18 on its first day of trading.

First American Downgraded

Lehman Brothers cited title margin concerns for downgrading First American Corp. (FAF). The stock price dropped $2.00 to close at $51.20.

Texas Instruments Provides Mid-Quarter Update On Monday

Shares of Texas Instruments Inc. (TXN) rose $1.58 to close at $35.97 ahead of its mid-quarter update on Monday.

Tellabs Downgraded

Telecommunications equipment maker Tellabs Inc. (TLAB) was downgraded by analysts due to margin concerns sending the stock price down 27 cents to close at $10.70.

Nike Downgraded

Footwear maker Nike Inc. (NKE) was downgraded by analysts due to signs of excess inventory. The stock price dropped $1.14 to close at $52.96.

Infinera Continues To Rise

Infinera Corp. (INFN) shares rose again by surging $5.45 to close at $25.16 after the chip maker made its debut yesterday well above its offering price.

Earnings Drop For Volt Information

Volt Information Sciences Inc. (VOL) blamed project delays and higher costs for second quarter earnings that fell to 28 cents per share from 39 cents per share a year earlier. Shares of the staffing company plummeted $3.99 to close at $21.41.

Shuffle Master Falls Short

Shuffle Master Inc. (SHFL) swung to a profit of10 cents per share from a loss of 37 cents per share in the year ago period but the results fell short of expectations. The stock price tumbled $2.10 to close at $17.51.

Analyst Warns FDA May Not Approve Neurochem's Drug

An analyst warned that Neurochem Inc.'s (NRMX) Alzheimer's disease drug will probably fail a Phase III clinical trial and that the FDA is not likely to approve the company's Amyloid A Amyloidosis medication. The stock price dropped $1.07 to close at $6.42.

Comtech Plunges Despite Earnings Gain

Comtech Telecommunications Corp. (CMTL) beat expectations with third quarter earnings that more than doubled to 71 cents per share from 33 cents per share in the year ago period but the stock price plunged $4.20 to close at $40.73.

Saks' Same Store Sales Surge

Saks Inc. (SKS) impressed with a same store sales gain of 37.5% in May, far surpassing analyst expectations. Shares of the retailer climbed $1.10 to close at $20.12.

Amazon Rumored To Be Interested In Netflix

Rumors that Amazon.com Inc. (AMZN) may acquire Netflix Inc. (NFLX) lifted shares of the online DVD rental company $1.33 to close at $23.93. Shares of Amazon eased 25 cents to $72.04.

XTL Halts Clinical Trial

XTL Biopharmaceuticals Ltd. (XTLB) halted clinical trials of its Hepatitis C treatment due to disappointing results. The stock price plunged 63 cents to close at $2.90.

Starent Surges In Debut

Starent Networks (STAR) surged $2.01 to close at $14.01 in its market debut.

Profits Climb For Guess

Clothing retailer Guess Inc. (GES) posted higher profits of 38 cents per share compared with 23 cents per share in the year ago period and boosted its forecast. Shares of the apparel retailer surged $1.80 to close at $49.22.

TowerStream Sells Shares At Discount

TowerStream Corp. (TWER) will raise $40 million by selling 10 million shares at a discount. The stock price plummeted $1.92 to close at $3.95.

Panera Lowers Outlook

Panera Bread Co. (PNRA) lowered its revenues and profit outlook due to higher costs and slowing sales. The stock price plummeted $8.04 to close at $50.28.

Macrovision Trims Workforce

Enterprise software maker Macrovision Corp. (MVSN) announced a 7% workforce reduction sending the stock price up $2.38 to close at $30.73.

Earnings Drop For CMGI

CMGI Inc. (CMGI) reported a sharp drop in third quarter earnings to 2 cents per share from 4 cents per share in the year ago period. The stock price tumbled 28 cents to close at $2.20.

Analyst Comments Lift Shares Of MGM

An analyst said that MGM Mirage (MGM) could fetch as much as $97 to $136 per share if the casino operator were to sell parts of the company. The stock price climbed $3.77 to close at $83.59

Openwave Systems Rejects Partial Tender Offer

Openwave Systems Inc. (OPWV) rejected Harbinger Capital's unsolicited partial tender offer and announced a restructuring plan. The stock price plunged $1.65 to close at $8.72.

Telik Downgraded

An analyst downgraded Telik Inc. (TELK) after concerns that the company's ovarian cancer treatment Telcyta may harm patients prompted the FDA to halt clinical trials of the drug. The stock price plunged $1.17 to close at $3.42.

Cummins Continues To Rise

Shares of Cummins Inc. (CMI) continued to rise by leaping $6.31 to close at $100.92 after an analyst last week lifted his earnings expectations for the diesel engine maker.

Nestle Uses Senomyx's Flavors

Senomyx Inc. (SNMX) announced the first commercial launch by Nestle of food products using Senomyx's flavor ingredients. The stock price surged $2.20 to close at $15.69.

Apple iPhone Launches June 29

Apple Inc. (AAPL) announced a launch date of June 29 for its highly anticipated iPhone sending the stock price up $2.93 to close at $121.33.

Unit Revenue Drops For Continental Airlines

Continental Airlines Inc. (CAL) reported lower than expected passenger unit revenue for May sending the stock price down $2.43 to close at $37.45.

UTStarcom Stays Independent

After exploring strategic options for eight months, UTStarcom Inc. (UTSI) decided to stay independent rather than selling itself. The stock price dropped 80 cents to close at $6.51.

Disappointing Results For Telik's Cancer Treatment

Telik Inc. (TELK) reported disappointing results for its ovarian cancer drug Telcyta sending the stock price tumbling $1.22 to close at $4.59.

Accredited Home To Go Private

Private equity firm Lone Star will pay approximately $400 million to acquire Accredited Home Lenders Holding Co. (LEND) lifting shares of the troubled subprime lender $1.36 to close at $15.12.

Qiagen To Buy Digene

Digene Corp. (DIGE) agreed to be acquired by Qiagen NV (QGEN) for $1.6 billion in cash and stock. Shares of Digene leaped $12.05 to close at $56.82 while Qiagen stock slipped $1.70 to close at $15.58.

AFC Enterprises Trims Forecast

While AFC Enterprises Inc. (AFCE) reported higher first quarter earnings of 22 cents per share compared with 19 cents per share a year earlier, same store sales fell prompting the operator of Popeye Chicken & Biscuit to trim its full year forecast. The stock price fell $1.25 to close at $18.22.

Harris To Acquire Multimax

Harris Corp. (HRS) will pay approximately $400 million in cash to acquire privately held Multimax Inc. The company also warned that fiscal 2007 results would fall below expectations sending the stock price down $1.25 to close at $48.67.

J. Crew Reports Impressive Earnings And Lifts Outlook

J. Crew Group Inc. (JCG) reported first quarter earnings of 39 cents per share compared with 12 cents per share in the year ago period to surpass expectations by 9 cents and lifted its full year outlook. Shares of the apparel retailer leaped $5.21 to close at $50.08.

FDA Says Labopharm's Painkiller Ineffective

Labopharm Inc. (DDSS) was the casualty of the day after the FDA concluded that its painkiller was ineffective. Shares of the pharmaceutical plummeted $3.24 to close at $3.07.

CKX Receives Buyout Bid

CKX Inc. (CKXE) which operates Elvis Presley's Graceland estate received a buyout bid for $1.33 billion from its chairman and chief executive. The stock price jumped $4.02 to close at $14.65.

Bancroft Family Meets With Murdoch Over Dow Jones Deal

The Bancroft family agreed to meet with Murdoch to discuss the possible sale of Dow Jones & Co. Inc. (DJ)to News Corp. (NWS). Shares of Dow Jones surged $7.89 to close at $60.78 while News Corp. stock edged up 59 cents to close at $24.22.