Markets & Finance

Apple Shares Surge


Apple Computer (AAPL) shares moved sharply higher Monday after Piper Jaffray reportedly raised its price target on the iPod maker to $100.

Krispy Kreme Doughnuts (KKD) posted a 5-cent third-quarter loss per share, vs. 23 cents earnings per share on a 6.4% systemwide same-store sales drop. The company incurred professional fees, net of anticipated insurance recoveries, of about $3 million, and expects ongoing professional fees will be material.

PeopleSoft's (PSFT) board reaffirmed that Oracle's (ORCL) unsolicited $24 per share tender offer is inadequate.

b>Google (GOOG) executives and venture firm Kleiner Perkins are cashing in Google shares, which have almost doubled since its August IPO, according to The Wall Street Journal.

Newspaper publisher Pulitzer (PTZ) confirms it is exploring a range of alternatives to enhance shareholder value, including the possible sale of the company.

SAP (SAP) takes high ground and market share, as Oracle and PeopleSoft duke it out in takeover brawl, according to Barron's

Lions Gate Entertainment (LGF) is looking to sell itself in a deal that could be worth about $1.8 billion, according to The New York Post.

Rigel Pharmaceuticals (RIGL) reported poor bioavailability results in insignificant clinical effects from its Phase I/II Hepatitis C Virus study of its R803, a novel oral hepatitis C drug.

Forest Labs (FRX) slipped after Banc of America downgrades the stock to sell from neutral.

Xerox (XRX) sees 90 cents to $1.00 2005 earnings per share on 3% revenue growth. For 2006, it sees 15% to 20% earnings per share growth, and 5% revenue growth.

Campbell Soup (CPB) Posted 56 cents, vs. 51 cents first-quarter earnings per share on a 10% sales rise.

Boston Scientific (BSX) announced the French government has added new categories of "high-risk" patients to their reimbursement approval criteria for TAXUS Express2 paclitaxel-eluting coronary stent system.

Loews (LTR) announces that the company's TGT Pipeline unit is to purchase Gulf South Pipeline from Entergy-Koch for $1.136 billion.

Vail Resorts (MTN) gained after JMP Securities upgrades the stock to strong buy from outperform.


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