NEW YORK (TheStreet) -- Shares of GT Advanced Technologies (GTAT) were spiking 6.1% to $10.70 in premarket trading Tuesday as the polysilicon production technology provider replaces hospitality and retail technologies solutions provider Radiant Systems( RADS) in the S&P SmallCap 600 index after the close of trading on Wednesday.
, the Swiss bank, plans to cut 3,500 jobs in an effort to
expenses of 2 billion Swiss francs ($2.54 billion) a year by the end of 2013.
Shares were rising 2.9% to $13.57.
were advancing 2.5% to $31.95 after the medical equipment company reported first-quarter earnings of 79 cents a share, down 1% from the year before but in line with estimates, and reiterated its revenue and earnings per share outlook for the year.
plans to order 100
737 single-aisle jets in a
valued at more than $8 billion, say reports.
Boeing shares were rising 1.5% to $59.25.
Home products retailer
reported second-quarter earnings of 37 cents a share vs. the average analyst estimate of 36 cents a share. It also raised its full-year earnings guidance to a range of $2.17 to $2.22 a share vs. $1.95 last year.
Shares were rising 1% to $30.32.
The U.S. Committee on Foreign Investment has approved the proposed merger of the
NYSE shares were up 0.4% to $25.05.
Food products company
reported first-quarter adjusted earnings of
vs. the average analyst estimate of 76 cents a share.
Pacific Sunwear of California
is expected to report a second-quarter loss of 24 cents a share vs. a year-earlier loss of 22 cents a share.
The president of ratings agency
Standard & Poor's
, Deven Sharma, will leave the company and be
by Douglas Peterson, currently the chief operating officer of
, the chief banking unit of
Sharma's resignation from S&P, a subsidiary of
( MHP), comes weeks after the company downgraded the U.S. credit rating to AA+ from AAA, an action that received strong criticism from the Obama administration. Other ratings agencies maintained their AAA ratings for the U.S.
-- Written by Andrea Tse in New York.
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