Gainers:
Office Depot, Inc. (ODP) is rising nearly 9 percent to $5.46. OfficeMax Inc. (OMX) is up nearly 9 percent to $14.12. Office Depot announced that the two companies would merge. As per the merger deal, Office Depot would issue 2.69 new shares of common stock for each outstanding share of OfficeMax common stock.
Netspend Holdings, Inc. (NTSP) is jumping 30 percent to $15.99 based on the news that TSYS (TSS) has agreed to buy the company in an all cash deal valued at about $1.4 billion. NetSpend shareholders will receive $16.00 in cash for each share they hold.
Decliners:
Toll Brothers Inc. (TOL) is down more than 2 percent to $36.00. The company swung to a profit in its first quarter. Revenues climbed 32 percent from the year-ago quarter on improved deliveries, but missed the consensus estimate.
Dish Network Corp. (DISH) is declining over 2 percent to $35.11. The company's fourth quarter profit declined from the previous year period and was below Wall Street view. Total revenue for the quarter edged down, but managed to come above the consensus estimate.
Garmin Ltd. (GRMN) is falling 7 percent to $36.35. The company's fourth quarter profit declined from the previous year period and its pro forma earnings per share were below Wall Street view. Net sales for the quarter declined and also missed the consensus estimate. The company forecast fiscal 2013 results below analysts' expectations.
Millennial Media Inc. (MM) is plunging 26 percent to $10.60.
Trading halt:
Trading in shares of SCBT Financial Corp. (SCBT) and First Financial Holdings, Inc. (FFCH) were halted. The companies announced that they will merge. Under the terms of the agreement, shareholders of First Financial will receive 0.4237 shares of SCBT common stock, which equates to a deal value of $18.30 per share.
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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.