Gainers:
General Motors Co. (GM) is rising over 2 percent to $35.20. The automaker is set to replace H. J. Heinz Co. (HNZ) in the S&P 100 and 500 indices, after the close of trading on June 6.
American International Group Inc. (AIG) is up 1 percent to $45.20. The company will replace Baker Hughes Inc. (BHI) in the S&P 100 Index. Baker Hughes will remain in the S&P 500 Index.
Morgans Hotel Group Co. (MHGC) is surging 16 percent to $7.75 following an announcement that the company's slate of director nominees intends to initiate a process to explore strategic options, including a sale of the company, upon re-election at the Annual Meeting of Stockholders on June 14, 2013. The company said this announcement was made in response to feedback from its stockholders and the recent receipt of unsolicited expressions of interest from five potential strategic buyers.
Decliners:
Dollar General Corp. (DG) is falling over 6 percent to $49.96. The company's first quarter profit and net sales improved from the year-ago quarter. Same-store sales grew 2.6 percent reflecting strong growth in its consumables categories offset by softer sales in seasonal and weather-sensitive categories. The company updated its outlook for the year to reflect moderating sales growth and a lower than previously anticipated gross profit rate.
Rigel Pharmaceuticals, Inc. (RIGL) is plunging 25 percent to $3.40 following the news that AstraZeneca has decided not to proceed with regulatory filings for fostamatinib, based on the totality of results from the OSKIRA Phase III programme, including the data previously reported from OSKIRA-1. In February 2010, AstraZeneca announced an exclusive worldwide license agreement with Rigel for the global development and commercialisation of fostamatinib.
Trading halt:
Trading in shares of Pluristem Therapeutics Inc. (PSTI) was halted. The company announced that it has received FDA notification that its United States phase II Intermittent Claudication study (IND 15038) has been placed on clinical hold due to a serious allergic reaction in a case which required hospitalization.
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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.