In corporate news Wednesday, Target ( TGT) shares rose 1.8% after the retailer raised its full-year guidance. JDS Uniphase ( JDSU) shares surged more than 8% after the optical networker reported fiscal fourth-quarter non-GAAP earnings of $35.3 million, or 15 cents a share on revenue of $439.3 million. Analysts forecast a profit of 12 cents a share in the June-ended period on revenue of $422.6 million. Shares of Staples ( SPLS) fell 15% after the office products company posted worse than expected quarterly results on soft demand in North America, Europe and Australia. The company has slashed its full-year earnings and sales projections. Starbucks ( SBUX) shares gained 3.6% after Credit Suisse added the coffee company's shares to its U.S. focus list, saying it sees the stock as a compelling long-term growth story. Deere ( DE) shares tumbled 6.3% after the manufacturer reported quarterly net income substantially missed analysts' estimates as it felt the pressures of a cooling world economy and the protracted U.S. drought. The New York Times Co. ( NYT) named Mark Thompson as its next president and CEO. Thompson most recently served as director general of the British Broadcasting Corp. Shares rose 1.4%.