Gainers & Losers
- Shares of chipmaker Nvidia surged nearly 6 percent on Wednesday after the company said it plans to license its graphics technology, opening the door to new business with Apple, Samsung Electronics and other mobile device makers.
- News Corp's publishing and entertainment arms began trading separately on a preliminary basis on Wednesday, one of the last steps before Rupert Murdoch's company officially splits in two on June 28.
TORONTO - BlackBerry shares fell 4 percent on Wednesday after a Bernstein Research analyst cut his rating on the stock to "underperform" ahead of the company's quarterly earnings release next week.
- Network equipment maker Finisar Corp reported a quarterly profit that beat analysts' expectations as demand for its fiber optic products rose.
- FedEx Corp reported a higher-than-expected quarterly profit on Wednesday as it cut costs and its U.S. truck business continued to pick up steam. | Video
- Apparel retailer Men's Wearhouse Inc fired Executive Chairman George Zimmer, the face of the company he founded 40 years ago, sending its shares down as much as 6 percent.
TORONTO - Canada's Tim Hortons Inc is under mounting pressure from activist investors to boost shareholder value a few weeks before a new CEO takes over after a second hedge fund said it had amassed a big stake in the coffee and doughnut chain.
- Hormel Foods Corp , which makes Spam lunch meat, cut its full-year earnings outlook on Tuesday, citing weakness in its pork business, softer sales of its refrigerated foods and higher meat costs, and its shares fell nearly 5 percent.
SYDNEY - Shares in Australia's Whitehaven Coal Ltd rose as much as 9 percent on Wednesday after the company's top shareholder, embattled tycoon Nathan Tinkler, offloaded about half his stake to cut his debts.
PARIS - France Telecom's executive board agreed on Monday to keep chief executive Stephane Richard in his job after he was put under investigation for fraud allegedly committed during his time as a top government aide.