Morgan Stanley upgraded Melco Crown Entertainment Ltd. (Nasdaq: MPEL) on news that overall gaming revenue in Macau soared 40% in August. The stock price gained 50 cents to close at $4.41.
Saks Inc. (NYSE: SKS) reported a 1% increase in same store sales. Shares of the luxury retailer climbed 80 cents to close at $8.22.
Pier 1 Imports Inc. (Nasdaq: PIR) reported that second quarter same store sales climbed 11.2% lifting the stock price $1.11 to close at $7.65.
Orexigen Therapeutics Inc. (Nasdaq: OREX) will receive $50 million upfront in a development and sales agreement with Takeda Pharmaceuticals for the obesity treatment Contrave. The stock price soared $1.03 to $5.62.
Private equity firm 3G Capital will acquire Burger King Holdings Inc. (NYSE: BKC) in a deal valued at approximately $4 billion, including the assumption of debt. Shares of the fast food restaurant chain leaped $4.57 to $23.43.
Sycamore Networks Inc. (Nasdaq: SCMR) swung to a fourth quarter profit of 2 cents per share compared with a loss of $1.23 per share last year as revenue rose sending the stock price soaring $4.85 to $27.07.
Local.com Corp. (Nasdaq: LOCM) entered an agreement with Yahoo Publisher Network to distribute paid search results lifting the stock price 44 cents to close at $3.84.
G-III Apparel Group Ltd. (Nasdaq: GIII) reversed year ago losses of 17 cents per share to post an unexpected profit for the second quarter of 15 cents per share. The company lifted its full year guidance sending the stock price soaring $3.87 to close at $28.01.
Human resources technology company Kenexa Corp. (Nasdaq: KNXA) offered $80 million in cash to acquire Salary.com (Nasdaq: SLRY). Shares of Kenexa rose 49 cents to $11.60 while Salary.com stock leaped $1.22 to $4.08.
