Gainers:
Sprint Nextel Corp. (S) is rising 3 percent to $7.40 based on the news that SoftBank Corp. (SFTBY.PK) has raised its offer for the company. Sprint's board has also unanimously recommended shareholders to vote for the revised SoftBank deal and will now adjourn the June 12 shareholder meeting until June 25.
Dole Food Company Inc. (DOLE) is rising 24 percent to $12.65. David Murdock, the chairman, chief executive and the largest stockholder of the company, has made a cash offer to acquire nearly 60 percent of the company's outstanding shares not already owned by him for $12.00 per share, plus the assumption of debt and other obligations.
Questcor Pharmaceuticals, Inc. (QCOR) is gaining over 16 percent to $42.88. The company has acquired rights to develop Synacthen and Synacthen Depot in the U.S. from Novartis Pharma AG and Novartis AG (NVS). The products are approved outside the U.S. for certain autoimmune and inflammatory conditions.
Catamaran Corp. (CTRX) is up 13 percent to $55.00 based on the news that Cigna Corp. (CI) has entered into a ten-year strategic PBM partnering agreement with the company.
CardioNet, Inc. (BEAT) is surging 41 percent to $4.55 following the news that it has entered into a three-year National Provider Agreement with UnitedHealthcare Insurance Company, covering all of its monitoring modalities, including Mobile Cardiac Outpatient Telemetry.
Decliners:
Excel Maritime Carriers, Ltd. (EXM) is falling 13 percent to $0.40 based on the news that it intends to file chapter 11 Bankruptcy protection.
Lululemon Athletica Inc. (LULU) is down 15 percent to $69.90. The company's first quarter results topped Wall Street view. The company also announced that Christine Day will step down as its chief executive.
Crosstex Energy LP (XTEX) is down 5 percent to $19.98. The company announced the commencement of an underwritten public offering of 6 million common units representing limited partner interests.
Corinthian Colleges Inc. (COCO) is down 15 percent to $2.37 following the disclosure that the U.S. SEC is conducting an investigation of the company.
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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.