Information provided by Theflyonthewall.com
Some significant tech takeovers were announced, as ExactTarget
) agreed to be acquired by Salesforce.com
) in a $2.5B transaction and IBM
) said it will buy privately held SoftLayer Technologies without disclosing the terms, though the Wall Street Journal said the deal is worth about $2B. Following the announcement, ExactTarget surged over 52%, while Salesforce.com dropped 3% and IBM shares slid nearly 1%.
U.S. financial regulators made a preliminary determination that AIG
) and GE Capital
) should be considered "systemically important financial institutions," subjecting them to heightened scrutiny and tougher rules.
) rose 2% after being picked to replace Heinz
) in the S&P 500.
Among the notable gainers was G-III Apparel (GIII
), which rose 18% after its first quarter earnings beat estimates and the company raised its full-year earnings outlook.
Also higher were shares of Morgans Hotel Group
), which advanced over 12% after the company said it will explore its strategic alternatives. Among the noteworthy losers was Rigel Pharmaceuticals
), which fell 17% following the return of fostamatinib rights by partner AstraZeneca
) after the results of clinical trials.
Also lower were shares of Dollar General
), which fell over 7% after reporting first quarter results and lowering the upper end of its full-year earnings view.