Hewlett-Packard–Goldman Sachs upgraded the stock to "neutral" from "sell", saying HP management has executed its strategy much better than it had anticipated.
Lands' End– The clothing chain, recently spun off from Sears Holdings, reported first quarter profit of 34 cents per share, above year-ago earnings of 23 cents, with revenue also above year-ago levels.
Geron–The FDA lifted a hold on a study involving the drug company's blood cancer treatment imetelstat. Patient enrollments had been stopped in March on concerns that the treatment might cause liver damage.
Sanofi, Regeneron Pharmaceuticals–The two drug companies unveiled positive results from a phase 3 trial of a new treatment for rheumatoid arthritis.
Restoration Hardware–The company reported earnings of 18 cents per share for the first quarter, excluding certain items, seven cents above estimates. Revenue was also well above consensus, as is the retailer's current quarter earnings outlook. The home goods retailer also said it is outperforming the home furnishings industry in general by a wide margin.
Amazon–The online retailer is launching a streaming music service that will be free for members of its $99 per year Amazon Prime program.
Intel–The chip maker lost a court challenge to its $1.44 billion European Union fine for anti-competitive measures against rival Advanced Micro Devices. The General Court in Luxembourg said the European Commission kept to requisite legal standards and that the amount of the fine was appropriate.
Twitter–The microblogging site is considering a management shakeup, according to Re/code. The possible moves include a change in the duties of chief operating officer Ali Rowghani.
Goldman Sachs–The bank giant will pay $67 million to settle a suit alleging collusion among private equity firms. The suit had accused PE firms of agreeing not to outbid each other in buyouts. Bain Capital will pay $54 million to settle its part of the case, with Blackstone, Carlyle, KKR, Silver Lake, and TPG remaining as defendants.
Infosys–The company has named former SAP executive Vishal Sikka as its new chief executive officer, with the IT services company also saying executive chairman Narayana Murthy would step down.
Tibco Software—Tibco said It is focused on creating shareholder value and welcomes all constructive input. The statement was issued in response to a letter from Tibco shareholder Praesidium Investment Management, which said there is substantial opportunity to unlock value.
—By CNBC's Peter Schacknow
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