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•    International Paper Company (NYSE:IP) offered to buy Temple-Inland (NYSE:TIN) in a deal worth $3.38 billion. Reacting to this development, share prices of Temple-Inland rose 40.36% to close at $29.49

•    Share prices of Skyworks Solutions, Inc. (NASDAQ:SWKS) increased 7.74% after the chipmaker reaffirmed its guidance

•    Clothing maker G-III Apparel Group, Ltd. (NASDAQ:GIII) reported its first quarter earnings results. The company posted losses against analysts’ expectations of a profit

•    Share prices of Seismic-data equipment Mitcham Industries, Inc. (NASDAQ:MIND) rose 5.04% after the company reported first quarter revenues that came in above analysts’ expectation

•    Oil and gas giant Sunoco, Inc.'s (NYSE:SUN) shares rose 4.01% after Morgan Stanley (NYSE:MS) increased the target price and profit estimates of the company. Morgan Stanley also reiterated a "Overweight" rating on the shares of Sunoco

•    Share prices of Pep Boys — Manny, Moe & Jack (NYSE:PBY) fell 17.04% a day after the company reported its first quarter earnings results that came in below analysts’ expectations

•    Citigroup (NYSE:C) downgraded shares of Iron Mountain Incorporated (NYSE:IRM) from "Buy" rating to "Hold" rating

•    Analysts at RBC Capital downgraded shares of ManTech (NASDAQ:MANT) from "Sector Perform" to "Underperform" rating

•    Analysts at Needham downgraded shares of QuinStreet Inc (NASDAQ:QNST) from "Strong Buy" to "Buy" rating also lowering the target price from from $26 to $24

•    Analysts at Credit Suisse downgraded shares of French appetite giant TOTAL S.A. (NYSE:TOT) from "Neutral" to "Underperform" rating

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