New Company, to be Named Collective Brands, Inc., will Bring Together Differentiated Brands, Complementary Businesses and Strengths to Accelerate Retail, Wholesale and Licensing Growth

Payless is coming off a solid Q1, and its fundamentals suggest earnings should only get better from here.

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Payless ShoeSource Inc. (PSS) will pay approximately $800 million to acquire rival Stride Rite Corp. (SRR). Payless stock surged $3.19 to $35.09 while shares of Stride Rite leaped $4.80 to $20.25.

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Major indices closed up the week here the details:
Nasdaq -0,1%
Dow Jones -0,5%
S&P 500 -0,5%

Here The Weekly Movers:

GAINERS
Fremont General Corporation (FMT)
Answers Corporation (ANSW)
The Stride Rite Corp. (SRR)
Bioenvision, Inc. (BIVN)
Aruba Networks, Inc. (ARUN)
Acorn International, Inc. (ATV)
LOSERS
Brookfield Properties Corporation (BPO)
Xinhua Finance Media Limited (ADR) (XFML)
KongZhong Corporation (ADR) (KONG)
The Bon-Ton Stores, Inc. (BONT)
Georgia Gulf Corporation (GGC)
Chindex International, Inc. (CHDX)

UP
Cypress Bioscience, Inc. (CYPB)
The Stride Rite Corp. (SRR)
Advanced Analogic Technologies Incorp. (AATI)
McMoRan Exploration Co. (MMR)
Shanda Interactive Entertainment Ltd ADR (SNDA)
DOWN
Analog Devices, Inc. (ADI)
Dillard's, Inc. (DDS)
Linear Technology Corporation (LLTC)
Northfield Laboratories (NFLD)
Intersil Corporation (ISIL)