Gap stock gets a boost after strong sales report

July 9, 2016 at 7:00PM
Yogurt made by the WhiteWave brand Wallaby Organic is in stock at Alfalfa's Market, a locally-owned and independent grocery store in Boulder, Colo., Thursday, July 7, 2016. Yogurt giant Danone says it reached a $10 billion deal to buy Colorado-based American organic food maker WhiteWave, expanding the French company's foothold in health foods and the U.S. market. Paris-based Danone said in a statement Thursday that it is paying $56.25 per share in the deal, 24 percent above WhiteWave's average s
WhiteWave brand, its Wallaby Organic yogurt above, will be purchased by yogurt giant Danone. (The Minnesota Star Tribune)

Gap gains: Gap shares rose 5 percent to $22.70 Friday after the retailer said sales at older stores grew in June as Old Navy results improved. It was the first improvement in same store sales for Gap in more than a year.

Study fallout: Drug developer Juno Therapeutics' shares dropped 32 percent to $27.81 Friday after it said it halted a mid-stage study on a potential leukemia treatment following the deaths of two patients. The study involved the company's most advanced experimental drug.

Hot stock: Shares in Nortek rose 40 percent to $87.06 Wednesday after the maker of heating and ventilation systems for buildings agreed to be acquired by Melrose Industries PLC for $86 per share, or $1.4 billion. Nortek stock closed the week at $87.25.

WhiteWave swept up: Organic food maker WhiteWave Foods jumped 19 percent to $56.35 Thursday after French yogurt giant Danone agreed to buy the company for $56.25 a share, or about $10 billion. WhiteWave closed the week at $56.64.

AVG locked down: Dutch anti-virus software company AVG Technologies surged 31 percent to $24.66 Thursday after rival Avast Software agreed to buy it for $25 a share, or $1.3 billion. AVG stock closed the week at $24.63.

Wild west: Hard-drive maker Western Digital's shares rose 5 percent to $47.76 Thursday after it forecast stronger results for its fiscal fourth quarter following the acquisition of flash memory chipmaker SanDisk in May. Western Digital stock closed Friday at $49.35.

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Hennepin Healthcare Clinic and Specialty Center,l 8th Street between Park Av and Chicago Av.
The Minnesota Star Tribune

Minneapolis-based Hennepin Healthcare says it also will suspend contributions to some worker retirement plans while pausing $24 million in capital projects.

The newly renovated Parkway Theater is next door to the new restaurant El Burrito Mercado.
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