Google this: Internet search company Google surged 16 percent Friday, to $672.93 after reporting earnings that exceeded forecasts. The results ended six consecutive quarters in which Google's earnings missed analysts' estimates.
Back to school: Loan servicing company Navient saw its stock rise 10 percent, to $16.57 after it cut its earnings forecast because of weakened credit trends on some student loans and a drop in loans that are coming out of deferment compared with previous years. Its stock finished the week at $16.86.
In the chips? Micron Technology jumped nearly 12 percent, to $19.67, on reports that a Chinese company is preparing a $23 billion bid for the chipmaker in what would be China's largest takeover of a U.S. company. Micron closed Friday at $20.10.
Bank bounce: U.S. Bancorp shares advanced 3 percent, to $ 45.15 Wednesday despite reporting a quarterly profit drop. Bank of America also gained 3 percent, to $17.60 after the lender said its profits more than doubled in the quarter thanks to lower legal bills. U.S. Bancorp shares closed the week at $45.85; Bank of America finished at $18.10.
Health care deal: Cancer-drug maker Celgene jumped 7 percent, to $130.95 after it said it will buy biopharmaceutical company Receptos for $7.32 billion in cash. Receptos shares rose 11 percent, to $229.93, finishing the week at $229.50. Celgene closed Friday at $134.52.
EBay rises: EBay rose 3.5 percent, to $66.67 Thursday after announcing strong second-quarter earnings and the sale of a business as it prepares to spin off PayPal. Its shares closed the week at $66.29.
Associated Press
