Gainers:
Limited Brands, Inc. (LTD) is gaining over 2 percent to $43.34. The company's comparable-store sales grew 7 percent for the four weeks ended Nov. 26, 2011. In addition, the company's board declared a special dividend of $2 per share.
Transcept Pharmaceuticals, Inc. (TSPT) is rising over 24 percent to $8.65 based on the news that Purdue has exercised its option to commercialize Intermezzo in the U.S. Transcept and Purdue are parties to a collaboration agreement for the development and commercialization of Intermezzo.
Magma Design Automation Inc. (LAVA) is up 25 percent to $7.16. the company agreed to be purchased by Synopsys (SNPS) for $7.35 per share in cash, resulting in a transaction value of approximately $507 million net of cash and debt acquired.
Walt Disney Co. (DIS) is up 0.81 percent to $36.14. The company's board declared an annual cash dividend of $0.60 per share, up 50 percent from the previous year. The dividend is payable on January 18, 2012 to shareholders of record at the close of business on December 16, 2011.
Decliners:
Gildan Activewear Inc. (GIL) is plunging nearly 21 percent to $18.85. The company's fourth quarter profit fell 15 percent from the year-ago quarter. Net sales for the quarter grew 31 percent, but were below consensus.
Lululemon Athletica inc. (LULU) is down over 12 percent to $43.50. The company's third quarter net revenue increased 31 percent, but was short of Wall Street estimate.
Target Corp. (TGT) is falling more than 2 percent to $51.25. The company said November comparable-store sales were up by 1.8 percent. The company said November sales were near the low end of its expectations.
Starbucks Corp. (SBUX) is down 1 percent to $43.04. The company said it anticipates to create 5,000 new jobs in the U.k. as it steps up its drive-thru program following three years of development and strong customer response to the convenience of Starbucks coffee on-the-go.
Trading halt:
Trading in shares of Vimicro International Corp. (VIMC) was halted. The company announced its intention to spin off its mobile-phone multimedia processor business. The spin-off would involve a workforce reduction of approximately 180-200 related employees, or roughly 21-23% of the Company's total headcount, as well as the disposal of related assets.
Trading in shares of Charming Shoppes Inc. (CHRS) was halted. The company's third quarter loss narrowed from prior year. Net sales declined from the year-ago quarter and were below consensus. Additionally, the Company announced that it is undertaking strategic review of its operations, and also decided to divest its Fashion Bug business and accelerate the growth of its Lane Bryant flagship brand.
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Business News
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.