Gainers:
Tower Bancorp Inc. (TOBC) is rising 35% to $27.50 based on the news that it has agreed to be acquired by Susquehanna Bancshares Inc. (SUSQ) in a transaction valued at about $343 million. Under the agreement, Tower shareholders will have the option of receiving either 3.4696 shares of Susquehanna common stock or $28.00 in cash for each share of Tower common stock.
Baidu, Inc. (BIDU) is up over 2% to $121.30 based on the news about a new strategic partnership agreement with China Real Estate Information Corp. (CRIC). CRIC will become Baidu's premier strategic online real estate partner and will have the exclusive right to sell Baidu's real estate brandlink product during the next three years. CRIC will pay Baidu a total of RMB 180 million over the three-year term.
Pfizer Inc. (PFE) is up 0.49% to $20.37 as it announced that top-line results for Lyrica Study A0081107 - Central Neuropathic Pain Following Spinal Cord Injury - demonstrated that the study met its primary endpoint.
Sohu.com Inc. (SOHU) is up 2% to $68.52 based on a report that it plans to spin-off its online video unit to develop its advertising market share.
Oracle Corp. (ORCL) is gaining nearly 1% to $32.14 as it agreed to purchase FatWire Software, a provider of web experience management solutions. The company said it expects this acquisition to further extend its technology and applications product offerings for customers seeking to build a unified customer experience across channels.
Rex Energy Corp. (REXX) is up 9% to $10.86. Biogen Idec Inc. (BIIB) is up over 2% to $100.90 in pre-market trading.
Decliners:
Country Style Cooking Restaurant Chain Co., Ltd. (CCSC) is sliding 10% to $9.60 based on the news that it currently forecast second quarter revenue to be below Wall Street view. The company also reported a change in the preferential tax treatment it previously received from the State Tax Bureau in Chongqing, China for the three years 2008, 2009 and 2010 and the impact of this change on its results of operations for the current period.
Walgreen Co. (WAG) is down 4% to $43.40 based on the news that its contract renewal negotiations with pharmacy benefit manager Express Scripts, Inc. (ESRX) have been unsuccessful, and as a result it is planning not to be part of Express Scripts' pharmacy provider network as of Jan. 1, 2012. ESRX is down 3% to $53.25. Walgreen reported a profit for the third quarter that rose 30% from the previous year. Earnings per share and quarterly revenues were above market expectations.
Invesco Mortgage Capital Inc. (IVR) is down 2% to $20.47 as it priced a public offering of 17 million shares of its common stock at $20.15 per share.
Jefferies Group Inc. (JEF) is declining 3% to $20.50 as its second quarter profit declined from the previous year. Net revenues for the quarter increased 9%.
Prospect Capital Corp. (PSEC) is sliding 5% to $10.09 based on the news about public offering 10.00 million shares of common stock.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.