Merger talks: A report that Dish Networks is talking to T-Mobile US about a possible merger sent both companies’ stocks up. The Wall Street Journal said that the two sides have yet to nail down crucial details. Dish’s stock jumped $4.10, or 6 percent on Thursday, to $74.91, while T-Mobile’s surged $1.42, or 4 percent, to $39.74.
Sales jump: Clothing maker G-III Apparel Group surged $6.85, or 11 percent, to $66.94 Thursday after reporting earnings and revenue that came in well ahead of what Wall Street analysts were looking for. Shares ended the week at $68.51.
Jammed: Before the market opened Friday, J.M. Smucker reported a loss in its latest quarter even though sales climbed. The maker of Folger’s coffee said higher prices for coffee beans and a strong dollar pinched results. Smucker’s stock fell $3.04, or 3 percent, to $113.75. Shares ended the week at $ 111.32.
Chip deal: Altera jumped $2.96 to $51.82 Monday after the chip designer agreed to be acquired by Intel for $17 billion in cash. The 6 percent gain in Altera stock was the biggest in the S&P 500. Shares ended the week at $51.46.
Nice threads: PVH jumped Tuesday after reporting earnings that beat analysts’ expectations. The stock surged $8.60, or 8.2 percent, to $113.46 after the company said late Monday that strong demand for its Calvin Klein clothing had boosted sales. Shares ended the week at $114.43.
Fed report: The Federal Reserve said Wednesday that its latest survey of regional business conditions showed that manufacturing held steady or increased in most regions of the country. The report will be reviewed by officials at the Fed’s next meeting on June 16-17.