Gainers:
Dole Food Company, Inc. (DOLE) is up 6 percent to $14.59. The company has agreed to sell its worldwide packaged foods and Asia fresh produce businesses to Japanese trading company Itochu Corp. for $1.69 billion in cash.
OXiGENE, Inc. (OXGN) is surging 45 percent to $0.800. The company announced that it has reached an agreement with the FDA on a Special Protocol Assessment for its Phase 3 clinical trial or FACT 2 of Zybrestat for the treatment of anaplastic thyroid cancer.
Alpha Natural Resources, Inc. (ANR) is up 1 percent to $8.17. The company outlined plans to reshape its portfolio of operations to meet the evolving demands of a changing global coal market. As part of the plan, the company plans to eliminate 1,200 positions.
Decliners:
FedEx Corp. (FDX) is falling nearly 2 percent to $87.70. The company's first quarter profit declined from the previous year period, but was above Wall Street view. Revenue rose 3 percent and managed to surpass the consensus estimate. Meanwhile, the company lowered its fiscal 2013 earnings per share guidance.
Advanced Micro Devices, Inc. (AMD) is dropping 9 percent to $3.65 following the news that Thomas Seifert has decided to resign from the positions of senior vice president and chief financial officer to pursue other opportunities.
Clearwire Corp. (CLWR) is declining over 2 percent to $1.50 based on the news that Time Warner Cable Inc. (TWC) has disclosed plans to sell its entire 7.8 percent stake in the Bellevue, Washington-based wireless broadband services provider.
Trading halt:
Trading in shares of Ditech Networks, Inc. (DITC) was halted. Nuance Communications, Inc. (NUAN) has agreed to acquire the company for $1.45 per share in cash, representing a total enterprise value of approximately $22.5 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.