News Summary

Shares of Walgreens Company (NYSE: WAG) fell about 0.2% after the company reported a 5.6% rise in its May same-store sales. Walgreens total May sales jumped 7% to $6.08 billion. Analysts were expecting same-store sales to increase 4.9%. Walgreens' total front-end sales surged 5.5% in May, while...

Shares of Gap Inc (NYSE: GPS) fell about 1.5% after the retailer reported a 4% drop in its May same-store sales. Gap's net sales came in at $1.06 billion, versus $1.05 billion, in the year-ago quarter. Analysts were expecting a 1% fall in comparable sales. Gap North America's comparable sales...

Shares of Telvent GIT SA (NASDAQ: TLVT) surged about 15% after the company agreed to be bought for $2 billion by Schneider Electric SA (OTC: SBGSY). The cash offer by Schneider Electric values the shares of Telvent at $40 each, representing a 36% premium to Telvent's average share price over the...

Shares of China Real Estate Information Corporation (NASDAQ: CRIC) gained about 8% after the company released its results for the first quarter. CRIC reported its Q1 non-GAAP income from operations at $5.8 million, versus $9.7 million, in the year-ago quarter. Its non-GAAP net income attributable...

Shares of Tiffany & Co (NYSE: TIF) gained about 8.3% after the company reported its first-quarter earnings at $81.1 million, or $0.63 per share, up from $64.4 million, or $0.50 per share, in the year-earlier period. Its adjusted earnings surged to $0.67 per share, from $0.48 per share. Tiffany'...

Shares of UnitedHealth Group Inc (NYSE: UNH) fell about 0.6% after the company lifted its quarterly dividend by 30% to 16.25 cents a share. UnitedHealth's board also authorized the buyback of up to 110 million shares. Shares of California Pizza Kitchen Inc (NASDAQ: CPKI) surged about 10.2% after...

Shares of Valeant Pharmaceuticals International Inc (NYSE: VRX) gained about 3.7% after the company announced its plans to acquire Lithuania-based AB Sanitas for around 314 million euros ($442.9 million) in cash. The transaction also includes 50 million euros of Sanitas debt. The deal is likely to...

Shares of Campbell Soup Co (NYSE: CPB) gained about 0.1% after the company reported higher FQ3 profit on Monday. Campbell reported its FQ3 net income at $187 million, or $0.57 per share, up from $168 million, or $0.49 per share, in the year-earlier period. Its sales surged to $1.81 billion from $1....

Shares of Sears Holdings Corp (NASDAQ: SHLD) fell about 4.3% after the company swung to a FQ1 loss from a year-ago profit. Sears Holdings posted a 3.6% drop in its domestic same-store sales. The company posted a quarterly loss at $170 million, or $1.58 per share, versus a net income of $16 million...

Shares of Hewlett-Packard Company (NYSE: HPQ) fell about 1.7% after analysts at JP Morgan downgraded Hewlett-Packard from “overweight” to “neutral.” The target price for HPQ has been lowered from $55 to $42. Shares of Staples Inc (NASDAQ: SPLS) dropped about 14.3% after the company reported...

Shares of LKQ Corporation (NASDAQ: LKQX) gained about 0.2% after the company announced its plans to buy the US paint distribution business, including 40 stores, from AkzoNobel Coatings Inc. The transaction is likely to close by May 27. Financial details of the deal were not disclosed. Wal-Mart...

Shares of Rowan Companies Inc (NYSE: RDC) gained about 3.6% after Joy Global Inc (NASDAQ: JOYG) agreed to acquire LeTourneau Technologies Inc from Rowan Companies for $1.1 billion in cash. The deal has been approved by boards of directors of both the companies. Joy Global expects the deal to...

Treasury prices and the US dollar remained higher after first-time unemployment claims in the US dropped to 434,000 in the latest week. Retail sales increased 0.5% and wholesale prices surged 0.8% last month. The dollar index (DXY) gained to 75.509, up from 75.259 late Wednesday. Against the dollar...

Crude-oil futures fell ahead of US inventories data. Crude for June delivery declined $1.20, or 1.16%, to $102.68 a barrel in electronic trading on Globex. The Energy Information Administration (EIA) is scheduled to report data on petroleum inventories for last week at 10:30 a.m. ET. Analysts were...

The US dollar and Treasury prices dropped after US import prices increased 2.2% in April. Against the greenback, the euro gained to $1.4387 from $1.4349. The dollar index (DXY) dropped to 74.585, versus 74.710 in late North American trading on Monday. Yields on 10-year notes gained 1 basis point to...