Wednesday's Winners & Losers

Children's Place Retail Stores (PLCE Quote) rose after saying its CEO resigned following an investigation into his securities trades. Ezra Dabah has stepped down as the company's top executive, at the request of the board, and director Chuck Crovitz will be CEO on an interim basis.

Dabah's resignation came after two instances where he didn't comply with the company's internal policies related to securities trades. Shares of the retailer were up 7.3% to $25.75.

Maxim Integrated Products (MXIM Quote) said the Securities and Exchange Commission has ordered that the Nasdaq Stock Market's decision to suspend and delist the company's common stock be postponed in order to allow the SEC to evaluate its appeal.

The Nasdaq had given Maxim until Sept. 25 to file its past due periodic reports with the SEC and regain compliance with listing requirements. Maxim hasn't yet been able to file the reports, and it had asked last week for the SEC to prevent its delisting. Shares of Maxim were up 0.3% to $28.30.

Xinhua Finance Media (XFML Quote), a China-based financial and entertainment media company, climbed after saying the investment firm Yucaipa Companies has agreed to purchase a block of existing shares from stockholders.

David Olson, a Yucaipa partner, will also join the board of Xinhua Finance. Shares of Xinhua Finance were surging 15% to $9.05.

Greatbatch (GB Quote), a developer and manufacturer of components used in medical devices, slumped after it cut its sales and earnings outlook. The company now expects full-year sales of $305 million to $315 million and adjusted earnings of $1.37 to $1.41 a share.