Shares of Blackberry surged on news that its BBM messenger service will be available to Windows phone and Nokia X users starting this summer. Separately, Ford has picked Blackberry over Microsoft as its partner on its sync voice-activated system in future car models. The stock rose 7.5 percent to $9.83.
RF Micro Devices & TriQuint Semiconductor
Chip maker RF Micro Devices is paying $1.6 billion for its peer TriQuint Semiconductor. The two companies get most of their revenue by supplying parts to device makers like Apple and Samsung. The deal will make the combined company a bigger player in the mobile chip market. Shares of both companies surged on the news. RF Micro Devices rose 21 percent to $7.03. TriQuint Semiconductor rose 26 percent to $11.64.
Men’s Wearhouse & Jos. A. Bank
The suit saga continues. Men’s Wearhouse raised its offer for its rival Jos. A. Bank by over 10 percent, spurring hopes that the months-long back and forth might finally be over. Men’s Wearhouse also said it may even raise the bid further if its able to examine Jos. A. Bank’s book. Shares of both companies rose, Men’s Wearhouse was up 7.5 percent $48.51. Shares of Jos. A. Bank rose nine percent to $60.04.
Pfizer’s pneumonia vaccine treatment for older adults showed that it prevented several kinds of community-acquired pneumonia in a clinical study. The treatment is already on the market to treat childhood infections. Analysts have predicted that the success of the drug on older patients would boost annual sales of the vaccine by $1 billion or more. Shares rose more than 1.5 percent to $31.99.