Finish Line May Renegotiate Sales Price Of Genesco

Analysts speculated that Finish Line Inc. (FINL) will be unable to pull out of its agreement to purchase Genesco Inc. (GCO) and will most likely attempt to negotiate a lower purchase price. Shares of Finish Line fell 34 cents to close at $5.64 while Genesco stock rose 94 cents to close at $45.89.

Christopher & Banks CEO Resigns

An analyst downgraded Christopher & Banks Corp. (CBK) after CEO Matthew Dillon resigned. The stock price tumbled $1.49 to close at $12.08.

Cost Plus Widens Losses

Home furnishing retailer Cost Plus Inc. (CPWM) blamed theft for widening second quarter losses and lowered its same-store sales outlook sending the stock price down $1.00 to close at $4.00.

Open Text Reports Higher Revenue

Shares of Open Text Corp. (OTEX) surged $4.75 to close at $24.87 after the software maker reported higher revenues and profits that beat estimates.

OmniVision Raises Outlook

OmniVision Technologies Inc. (OVTI) missed profit targets with first quarter earnings of 23 cents per share compared with 28 cents per share a year earlier, but raised its outlook for its image sensor business. The stock price rose 96 cents to close at $20.87.

Lone Star Offers Accredited Home Amended Offer

Accredited Home Lenders Holding Co. (LEND) received an amended offer from private equity firm Lone Star. Shares of the troubled mortgage company surged $2.74 to close at $9.05.

Jo-Ann Reports Wider Than Expected Loss

Jo-Ann Stores Inc. (JAS) reported a wider than expected second quarter loss of 76 cents per share compared with losses of 90 cents per share last year. The stock price plummeted $3.06 to close at $21.67.

Chico's Misses

Chico's FAS Inc. (CHS) reported lower second quarter earnings of 22 cents per share compared with 30 cents per share last year that fell 4 cents short of expectations. Shares of the apparel retailer plunged $2.00 to close at $15.53.

Citi Trends Falls Short

Citi Trends Inc. (CTRN) blamed lower margins and higher expenses for second quarter earnings that dropped to 4 cents per share from 9 cents per share last year falling a penny short of expectations. The stock price plunged $2.79 to close at $21.05.

Coldwater Creek Disappoints

Second quarter earnings for Coldwater Creek Inc. (CWTR) tumbled to 9 cents per share from 13 cents per share in the year ago period falling 3 cents short of expectations as sales fell. The women's clothing retailer warned of a challenging third quarter sending the stock price plummeting $4.51 to close at $12.88.

Earnings Rise For Vimpel-Communications

Second quarter earnings for Vimpel-Communications (VIP) soared to 35 cents per American depositary share compared with 19 cents per American depositary share as revenue climbed. The stock price climbed $1.57 to close at $24.73.

Sigma Designs Posts Strong Earnings

Sigma Designs Inc. (SIGM) posted a strong second quarter with earnings of 32 cents per share compared with a penny per share last year as chip sales doubled. Shares of the semiconductor company leaped $4.07 to close at $42.70.

Dycom's Earnings Rise

Dycom Industries Inc. (DY) reported higher fourth quarter earnings of 35 cents per share compared with 25 cents per share last year that surpassed estimates sending the stock price soaring $3.77 to close at $28.02.

Apple Hosts Special Event Next Week

Apple Inc. (AAPL) invited reporters to a special event next week prompting speculation that the company will upgrade the iPhone. The stock price leaped $7.26 to close at $134.08.

Earnings Rise For Big Lots

Big Lots Inc. (BIG) reported higher second quarter earnings that surged to 22 cents per share from 4 cents per share in the year ago period, beating expectations by a wide margin. The impressive results prompted the discount retailer to lift its full year outlook sending the stock price soaring $2.61 to close at $28.91.

Joint Venture Negotiations Lift Superconductor

Shares of Superconductor Technologies Inc. (SCON) continued to climb by gaining $1.48 to close at $7.18 over ongoing negotiations with Hunchun BaoLi Communications to create a joint venture.

Earnings Slip For SourceForge

SourceForge Inc. (LNUX) reported higher revenues, but an analyst downgraded the stock as earnings slipped to a penny per share from 2 cents per share a year earlier. The stock price plunged 87 cents to close at $2.74.

PDL BioPharma Announces Restructuring Plan

PDL BioPharma Inc. (PDLI) announced plans to sell off its cardiovascular drug business and stop development of its colitis drug treament sending the stock price plummeting $4.80 to close at $18.80.

Sanderson Fall Short

Third quarter earnings surged for Sanderson Farms Inc. (SAFM) to $1.51 per share from 16 cents per share a year earlier but the results fell short of expectations sending the stock price plummeting $4.65 to close at $39.20.

Xoma Licenses Technology To Pfizer

Pfizer Inc. (PFE) will pay Xoma Ltd. (XOMA) $30 million to license bacterial cell expression technology. Shares of Xoma climbed 40 cents to close at $2.68 while Pfizer stock eased 29 cents to close at $24.47.

Winn-Dixie Warns Of Losses

Although Winn-Dixie Stores Inc. (WINN) swung to a fourth quarter profit of 38 cents per share from losses of 12 cents per share a year earlier, the company warned of losses for fiscal 2008. Shares of the grocery store chain plummeted $6.13 to close at $22.17.

FDA Approves Omrix's Evithrom

The FDA approved Omrix Biopharmaceuticals Inc.'s (OMRI) blood clotting drug Evithrom sending the stock price climbing $4.89 to close at $33.96.

Home Depot Sells Wholesale Distribution Business

The Home Depot Inc. (HD) sold its wholesale distribution business to a private equity group for $8.5 billion while keeping a 12.5% equity stake. The stock price edged up 3 cents to close at $35.05.

Medco Offers $1.5 Billion For PolyMedica

Pharmacy benefits management company Medco Health Solutions Inc. (MHS) offered $1.5 billion in cash to buy diabetes treatment supplier PolyMedica Corp. (PLMD). Shares of PolyMedica leaped $6.40 to close at $51.69 while Medco stock lost $1.00 to close at $85.11.

Ryland Group Tumbles As Home Sales Drop

Shares of homebuilder Ryland Group Inc. (RYL) tumbled $2.05 to close at $29.83 as home sales dropped.

MetroPCS Advances

Shares of MetroPCS Communications Inc. (PCS) continued to advance by surging $2.32 to close at $30.67 after UBS analyst John Hodulik cited the company's valuation for maintaining a Buy recommendation for the wireless communications provider.

Upbeat Assessment Of Onyx's Nexavar

An upbeat independent assessment of Onyx Pharmaceuticals Inc. (ONXX) and Bayer AG's (BAY) liver cancer drug Nexavar prompted the companies to halt a late stage clinical trial and begin offering the treatment to all patients involved in the study. Shares of Onyx leaped $3.42 to close at $37.04 while Bayer stock lost $1.48 to close at $76.78.

Countrywide Downgraded

An analyst downgraded Countrywide Financial Corp. (CFC) citing the tough lending environment. The stock price dropped $1.00 to close at $20.00.

Superconductor Negotiating Joint Venture

Superconductor Technologies Inc. (SCON) shares surged $2.61 to close at $5.94 on hopes of a joint venture in China.

Gateway Receives Buyout Offer

Computer maker Gateway Inc. (GTW) was the target of a $710 million offer to be acquird by Taiwan's Acer. The stock price rose 61 cents to close at $1.82.

Burger King Misses

Although Burger King Holdings Inc. (BKC) swung to a profit for the fourth quarter of 26 cents per share compared with losses of 8 cents per share last year, the results fell a penny short of expectations. The stock price lost 86 cents to close at $24.06.

AmeriCredit Downgraded

Goldman Sachs cited concerns about AmeriCredit Corp.'s (ACF) outlook for downgrading the car loan provider. The stock price dropped 92 cents to close at $17.18.

Sonic Misses

Sonic Solutions (SNIC) posted revenues that missed estimates and issued a modest forecast for music and movie software sales sending the stock price tumbling $2.60 to close at $7.80.

Marvell Swings To Loss

Marvell Technology Group Ltd. (MRVL) reported higher revenues, but swung to a loss of 10 cents per share from earnings of 7 cents per share in the year ago period. The stock price dropped $2.10 to close at $15.75.

Gap's Earnings Rise

Apparel retailer Gap Inc. (GPS) missed revenues but reported higher second quarter earnings of 19 cents per share up from 15 cents per share last year, raised its outlook and announced a larger stock buyback. The stock price rose $1.11 to close at $18.51.

Mentor Graphics Reverses Losses

Mentor Graphics Corp. (MENT) posted higher revenues and met profit expectations of 3 cents per share compared with losses of a penny per share a year earlier while raising its full-year outlook. The stock price climbed $2.24 to close at $14.73.

Earnings Tumble For New York & Co.

Second quarter earnings for New York & Co. tumbled to 6 cents per share from 11 cents per share in the year ago period prompting the women's apparel retailer to lower it full year outlook. The stock price plummeted $1.24 to close at $6.59.

Cooper Tire Upgraded

Matrix Investment Research cited strong sales growth for upgrading Cooper Tire & Rubber Co. (CTB) sending the stock price up $1.28 to close at $25.53.

Bank of America Take Stake In Countrywide

Bank of America Corp. (BAC) took a $2 billion equity stake into troubled Countrywide Financial Corp. (CFC). Shares of Bank of America edged up 18 cents to close at $51.83 while Countrywide stock rose 20 cents to close at $22.02.

Earnings Surge For GameStop

Second quarter earnings surged for GameStop Corp. (GME) to 13 cents per share from 2 cents per share in the year ago period widely beating expectations. The stock price surged $4.03 to close at $47.45.

NetEase.com Upgraded

Susquehanna Financial Group analyst C. Ming Zhao upgraded NetEase.com Inc. (NTES) citing stronger than expected users for the company's latest online role playing game. The stock price climbed 72 cents to close at $16.05.

Children's Place Widens Losses

The Children's Place Retail Stores Inc. (PLCE) widened second quarter losses and warned that it may lose its license agreement with Walt Disney Co. (DIS). The retailer has not filed quarterly reports for the second and third quarters of 2006 and the first quarter of 2007. Shares of Children's Place plummeted $5.59 to close at $27.43 while Disney stock eased 41 cents to close at $33.16.

Aluminum Corp. Expects Higher Profits

Aluminum Corp. of China Ltd. (ACH) expects profits to rise sending the stock price soaring $6.62 to close at $48.96.

SXC Did Not Win Contract

SXC Health Solutions Corp. (SXCI) clarified that it did not win a $27.3 million contract but is competing for the contract. The stock price tumbled $2.15 to close at $17.15.

Blue Coat Swings To Profit

Blue Coat Systems Inc. (BCSI) swung to a first quarter profit of 14 cents per share compared with losses of 22 cents per share a year earlier to beat expectations and provided second quarter outlook above estimates. Shares of the security hardware and software company leaped $17.46 to close at $77.31.

Dubai World Invests In MGM

MGM Mirage (MGM) shares surged $6.62 to close at $80.94 after reporting a $2.7 billion investment by Dubai World into the hotel and gaming company.

Accredited Home Lenders Cuts Jobs

Accredited Home Lenders Holding Co. (LEND), whose acqusition by a private equity firm was in doubt, stopped taking loan applications and cut 1,600 jobs. The stock price dropped 45 cents to close at $6.10.

Tween Brand Disappoints

Apparel retailer Tween Brands Inc. (TWB) posted lower profits of 7 cents per share compared with 18 cents per share in the year ago period and cut its outlook for the year sending the stock price plummeting $11.00 to close at $27.59.

UST Competitor Introduces Cheaper Product

UST Inc. (UST) stock tumbled $3.94 to close at $48.02 after rival Philip Morris announced the introduction of a less expensive smokeless tobacco product.

Williams-Sonoma Saddled With Sell Rating

Citigroup analyst Bill Sims initiated coverage of Williams-Sonoma Inc. (WSM) with a Sell rating. Shares of the specialty home retailer dropped $1.56 to close at $29.81.

Dick's Sporting Goods Impresses

Dick's Sporting Goods Inc. (DKS) reported higher second quarter earnings of 83 cents per share compared with 47 cents per share a year earlier that beat expectations by 7 cents and lifted its full year outlook. The stock price surged $4.85 to close at $60.43.

Oplink Falls Short

Oplink Communications Inc. (OPLK) posted higher fourth quarter earnings of 13 cents per share compared with 9 cents per shares in the year ago period but the results fell short of estimates. Shares of the fiber optics maker plunged $2.21 to close at $13.09.

Adams Respiratory Lowers Outlook

Adams Respiratory Therapeutics Inc. (ARXT) lowered its outlook for the year sending the stock price plummeting $4.62 to close at $36.10.

Warren Buffet May Purchase Countrywide

The assets of troubled Countrywide Financial Corp. (CFC) may be the target of Warren Buffett and other value investors. The stock price climbed $1.98 to close at $21.79.

Mortgage Concerns Weighs Down IndyMac

Concerns about the mortgage industry weighed down shares of IndyMac Bancorp Inc. (IMB) $1.62 to close at $20.74.

Kensey Nash Swings To Loss

Kensey Nash Corp. (KNSY) blamed charges for swinging to a fourth quarter loss of 15 cents per share from earnings of 21 cents per share in the year ago period. Shares of the medical technology company plunged $2.40 to close at $24.33.

Countrywide Begins Layoffs

Countrywide Financial Corp. (CFC) began laying off employees at it Full Spectrum Lending unit. Shares of the nation's largest mortgage lender tumbled $1.62 to close at $19.81.

KKR To Raise $500 Million

KKR Financial Holdings LLC (KFN) announced plans to raise $500 million by selling shares to institutional investors. The stock price rose $1.24 to close at $15.64.

Thornburg Mortgage Drops

Shares of Thornburg Mortgage Inc. (TMA) dropped $1.54 to close at $13.50 even after its COO reaffirmed third quarter profits in an interview.

Lowe's Beats Expectations

Lowe's Companies Inc. (LOW), the nation's second largest home improvement chain, posted second quarter earnings that rose to 67 cents per share from 60 cents per share last year, beating expectations by 6 cents. The stock price climbed $1.63 to close at $28.50.

Tetra Technologies Disappoints

Tetra Technologies Inc. (TTI) reported disappointing second quarter earnings of 30 cents per share compared with 39 cents per share in the year ago period that fell far short of expectations and cut its full year outlook. Shares of the oil and gas services firm plummeted $6.64 to close at $19.77.

Network Appliance Lowers Outlook

Network Appliance Inc. (NTAP) lowered its outlook for its enterprise storage business which immediately prompted analyst downgrades. Shares of the data management company plummeted $5.74 to close at $22.97.

American Home Mortgage To Suspend Operations

Shares of American Home Mortgage Investment Corp. (AHM) lost most of its value as the lender confirmed plans to suspend operations and to lay off most of its staff of 7,000. The stock price plunged 76 cents to close at 69 cents.

Take-Two Delays Game Release

Take-Two Interactive Software Inc. (TTWO) will not release the latest version of its popular Grand Theft Auto game until next year. As a result, the company slashed its third quarter and fourth quarter forecasts sending the stock price tumbling $2.75 to close at $14.16.

Investools Swings To Profit

Investools Inc. (SWIM) swung to a second quarter profit of 5 cents per share from a loss of 34 cents per share in the year ago period. The stock price climbed $1.56 to close at $12.07.

Earnings Rise For Cabela's

Cabela's Inc. (CAB) reported higher second quarter earnings of 17 cents per share compared with 13 cents per share last year that beat expectations prompting an upgrade. The stock price surged $2.26 to close at $23.00.

RC2's Earnings Tumble

RC2 Corp. (RCRC) reported a sharp drop in second quarter earnings to 11 cents per share from 43 cents per share in the year ago period due to charges related to the recall of Thomas & Friends Wooden Railway toys and lowered its full year forecast. Shares of the toy maker plummeted $6.95 to close at $28.94.

Acme Beats Estimates

Acme Packet Inc. (APKT) reported second quarter earnings of 7 cents per share compared with 9 cents per share a year earlier beating expectations by a penny. Analyst upgraded the communications equipment maker sending the stock price soaring $2.22 to close at $12.64.

Pharmion Reports Positive Trial Results

Pharmion Corp. (PHRM) reported positive late stage trial results for its blood and bone marrow disorder treatment Vidaza. Shares of the pharmaceutical leaped $14.39 to close at $39.03.

Accredited Home Lenders In Trouble

Accredited Home Lenders Holding Co. (LEND) stated that it may not be able to fund its operations sending shares of the subprime mortgage lender plunging $2.90 to close at $5.31.

Pozen Drug Approval Delayed

Pozen Inc. (POZN) was the casualty of the day after the firm received an approvable letter from the FDA asking for more data which would further delay the approval of its migraine drug. The stock price plummeted $7.52 to close at $9.93.

Fiserv Offers $4.2 Billion For CheckFree

Fiserv Inc. (FISV), a financial information management service provider, offered $4.2 billion in cash for online banking service provider CheckFree Corp. (CKFR). Share of CheckFree leaped $8.57 to close at $45.40 while Fiserv stock edged up 31 cents to close at $49.50.

Earnings Drop For TTM

TTM Technologies Inc. (TTMI) blamed a sharp drop in second quarter earnings to 14 cents per share from 25 cents per share last year on the closure of a facility in Dallas. The stock price tumbled $2.42 to close at $10.62.

Earnings Surge For Dawson Geophysical

Dawson Geophysical Co. (DWSN) reported impressive third quarter earnings of 98 cents per share compared with 56 cents per share in the year ago period that topped expectations by 20 cents. The stock price leaped $12.99 to close at $67.60.

Beazer Homes Tumbles

Concerns that Beazer Homes USA Inc. (BZH) may be unable to pay its expenses sent shares of the homebuilder tumbling $2.51 to close at $11.48.

SumTotal Falls Short

SumTotal Systems Inc. (SUMT) narrowed second quarter losses to 5 cents per share from 9 cents per share a year earlier but still fell short of expectations and forecast disappointing full year results. Shares of the software maker tumbled $1.84 to close at $5.90.

Tupperware Reports Higher Earnings

Second quarter earnings for Tupperware Brands Corp. (TUP) rose to 56 cents per share from 41 cents per share last year to beat expectations. Shares of the plastic container company leaped $5.96 to close at $31.97.

Garmin Beats Expectations

Garmin Ltd. (GRMN) reported higher second quarter earnings of 98 cents per share compared with 56 cents per share in the year ago period that surpassed expectations. The stock price surged $8.71 to close at $92.61.