$0.74
6%
Shares of Boston Scientific Corp. increased to $13.05. The second-biggest maker of heart devices said federal regulators cleared three new heart products, including two defibrillators.
$6.36
8.9%
Genentech Inc. stock surged to $77.96. The company could add more than $700 million in sales this year after it won federal approval to market its top-selling treatment, Avastin, for women with breast cancer.
-$21.36
4.2%
Google Inc. stock sank to $486.44. The shares dropped to the lowest level since May 25 after Google’s YouTube, the world’s most popular video-sharing site, was down worldwide for about two hours because of a network failure in Pakistan.
-$4.45
7.6%
Shares of ITT Educational Services Inc. slid to $54.02. The stock hit the lowest level since October 2005 after the provider of technology-oriented degree programs said it expects to earn at least $4.10 a share this year, down from its earlier projection of $4.50 a share.
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$0.3
6.3%
Shares of Qwest Communications International Inc. rose to $5.60. The provider of local telephone service in 14 states will use cash to pay down debt and buy back shares, Chief Executive Edward Mueller said.
$0.65
5.8%
Shares of Marvell Technology Group Ltd. gained to $11.77. The stock was the biggest gainer in the Nasdaq 100 index after Barron’s said the shares could more than double as the semiconductor-maker benefits from demand for its hard-disk drive chips and chips for Research In Motion’s BlackBerry.