Gainers:
Target Corp. (TGT) is up 2 percent to $56.19. The company's first quarter profit and revenues improved from the year-ago quarter and also were above Wall Street view. In addition, the company raised its earnings forecast for 2012.
Pepsico, Inc. (PEP) is rising 0.59 percent to $68.25. Relational Investors LLC has disclosed that it has acquired 8.98 million shares in the company. The activist investor's stake in the company is expected to have pressure on the company asking for changes.
OraSure Technologies Inc. (OSUR) is jumping 31 percent to $11.90. The FDA's Blood Products Advisory Committee has unanimously recommended approval of its OraQuick In-Home HIV Test.
General Electric Co. (GE) is rising over 3 percent to $18.98. GE Capital Corp. has declared a quarterly dividend of $475 million payable to its parent GE in the second quarter 2012. In addition, GECC plans a $4.5 billion special dividend to GE in 2012.
General Motors Co. (GM) is gaining nearly 4 percent to $22.25. Billionaire investor Warren Buffett's Berkshire Hathaway Inc. (BRKa, BRKb) has disclosed that it has an ownership of 10 million shares in the automaker.
Decliners:
Cleantech Solutions International Inc. (CLNT) is falling 29 percent to $2.80. The company's first quarter profit plunged from the year-ago quarter. Revenue for the quarter declined 46.4 percent.
J.C. Penney Company, Inc. (JCP) is declining 16 percent to $27.77. The company slipped to a loss in its first quarter. Total sales for the quarter declined 20.1 percent, and were below the consensus estimate. The company also announced that it will discontinue its quarterly dividend.
Abercrombie & Fitch Co. (ANF) is declining 7 percent to $42.31. The company's first quarter profit plunged from the prior year period. Net sales for the quarter rose 10 percent, but were notably below consensus. Total comparable store sales decreased 5 percent.
Trading halt:
Trading in shares of Hicks Acquisition Company II, Inc. (HKAC) was halted. Appleton has signed a definitive agreement to engage in a business combination with the company valued at $675 million.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.