Target Corp. (TGT: Quote) is gaining more than 1 percent to $58.45. The company's May comparable-store sales increased 4.4 percent. Net retail sales increased 5.0 percent. The company said it is confident that it is well-positioned to continue delivering a superior guest experience and strong financial performance for many years to come.
Talbots, Inc. (TLB: Quote) is jumping 100 percent to $2.58. The company has agreed to be acquired by Sycamore Partners for $2.75 per share in cash. The transaction is worth about $369 million, including net debt.
Microvision Inc. (MVIS: Quote) is rising 21 percent to $2.32. The company announced that it has received purchase orders from Pioneer Corporation valued in excess of $4 million.
Ciena Corp. (CIEN: Quote) is gaining 6 percent to $12.55. The company's second quarter loss narrowed from the year-ago quarter. Revenue improved from the year-ago period and topped the consensus estimate. The company said it remain confident that it is well positioned for future growth and continue to expect its second half operating results to be stronger than the first half.
F5 Networks, Inc. (FFIV: Quote) is falling 3 percent to $103.85. The company announced the resignation of Mark Anderson, its Executive Vice President of Worldwide Sales. The company also announced that Dave Feringa, currently Senior Vice President, Americas Sales, has been appointed to take over Anderson's role.
Joy Global Inc. (JOY: Quote) is falling 4 percent to $56.69. The company's second quarter profit and net sales increased from the year-ago quarter. However, bookings in the quarter fell 19.2 percent. Meanwhile, the company trimmed its fiscal 2012 forecast citing lower bookings.
Trading in shares of New England Bancshares Inc. (NEBS: Quote) was halted. United Financial Bancorp has agreed to acquire the company in a transaction currently valued at approximately $91.0 million.
| || |
| To receive FREE breaking news email alerts for Target Corp. and others in your portfolio|
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org