was up 7% to $34.44 after the company said it would spend $1 billion in the next three years to remodel stores and build new locations in Southern California. The announcement comes a day after the company raised its first-quarter guidance.
was rising almost 4% to $25.12 after Credit Suisse First Boston raised its rating on the food producer to buy from hold.
, a provider of information technology and services to the oil and gas exploration and production industry, agreed to be acquired by a company controlled by buyout firm Fox Paine. The deal values Paradigm Geophysical at $100 million, or $5.15 a share. Paradigm was recently gaining 12% to $5.02.
Penn National Gaming
was climbing 11% to $35.30 after the casino operator declared a 2-for-1 split. The additional shares will be distributed June 25 to shareholders of record June 4.
was down 9% to $21.48 a day after the company posted its quarterly results and offered an outlook for the rest of the year. The company earned 5 cents a share in the first quarter, a penny ahead of estimates. Borders also said earnings for the second quarter and full year would be basically in line with estimates.
, a provider of software and consulting services to energy companies, was losing 15% to $9.29 after First Albany downgraded it to neutral from buy.
Polo Ralph Lauren
reported quarterly earnings that came in better than expected, though flat compared with last year, and the company's shares fell 6% to $26.99. The company said it earned 48 cents a share, beating the consensus estimate of 44 cents. The company said that sales in Europe were strong, but that price cuts at U.S. department stores hurt margins.