Market Focus

Lands’ End

Lands’ End had an upbeat quarterly report, which sent the stock surging. The clothing retailer said its results improved since being spun off from Sears, second-quarter profits jumped thanks to stronger sales. The CEO said that the company continues to show progress, even in a challenging retail environment. Shares soared 20 percent to $40.20.

 Dollar General & Family Dollar 

An update on the dollar war saga, Dollar General has gone hostile with its $80 a share bid for Family Dollar. It’s taking its offer directly to shareholders since Family Dollar has been proceeding with plans to be acquired by the other dollar chain Dollar Tree. Shares of both companies were up a fraction.

NPS Pharmaceuticals

Shares of NPS Pharmaceuticals rose sharply after a preliminary review by the Food and Drug Administration showed good results in the company’s hormone replacement therapy clinical trials. This report comes just days ahead of a meeting of FDA advisers, who will discuss whether the drug should be approved. The stock soared 25 percent to $32.24.

Google & Lift Labs

Google is buying Lift Labs to add to its Google X research unit as part of its push into biotech. The start-up makes a high-tech spoon, among other things, that helps people with certain neurological disorders to eat. The terms of the deal weren’t disclosed. Class A shares of Google were down a little to $591.

JDSUniphase 

The network gear maker JDSUniphase says its splitting into two public companies. This as it looks to expand in the data communication market and strengthen its network business. It expects that division to be finalized in the third quarter of 2015. Shares were higher after the announcement in after-hours trading. During the regular trading day the stock was up three percent to $12.10.

Yum Brands

A dividend hike at Yum Brands, the owner of Taco Bell and Pizza Hut has upped its payout by 11 percent to 41 cents a share. That will be payable to shareholders in November. After hours shares fell, but during regular trading the stock was up slightly to $72.59.

 

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