• Car rental company Dollar Thrifty Automotive Group, Inc.’s (NYSE:DTG) shares declined by 12.75% to close at $58.79 after the company posted second quarter earnings results that came in below expectations
• Share prices of DG FastChannel Inc. (NASDAQ:DGIT) fell 24.95% after the company, which is primarily engaged in advertising and distribution, reported a fall in quarterly revenue results that came in below estimates
• Telecom-software maker BroadSoft Inc.’s (NASDAQ:BSFT) share prices rose 9.70% after the company’s forecasted earnings for fiscal 2011 beating the Street’s consensus estimate
• According to a report in The Wall Street Journal, Valeant Pharmaceuticals International Inc. (NYSE:VRX) has approached Medicis Pharmaceutical Corp. (NYSE:MRX) for a possible purchase of the latter
• National Indemnity Company, a subsidiary of Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) said it has offered to acquire reinsurer Transatlantic Holdings Inc. (NYSE:TRH) in a deal worth $52 per share. Following this development, shares of the reinsurer gained 6.79% to close at $48.31
• Shares of Argo Group International Holdings, Ltd. (NASDAQ:AGII) were downgraded by RBC Capital from “Outperform” rating to “Sector perform” rating with a revised target price of $32.00, down from $36.00
• Analysts at Robert W. Baird downgraded J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) to “Neutral” rating from “Outperform” rating setting a target price of $51.00 on the stock
• Analysts at Goldman Sachs (NYSE:GS) upgraded shares of aviation giant Boeing (NYSE:BA) to “Buy” rating from “Neutral” rating with a target price of $90.00. Goldman Sachs also added Boeing to its Conviction Buy list
