— H.J. Heinz rose 5 percent after beating expectations for quarterly earnings and revenue. The ketchup maker was helped by a big sales increase in emerging markets like China, Russia and Latin America.
— Madison Square Garden jumped in afternoon trading after reports circulated that it had reached an agreement with Time Warner Cable to let Time Warner customers view MSG sports programming. That ends a blackout that infuriated customers anxious to watch New York Knicks point guard Jeremy Lin. Madison Square Garden was flat for most of the day before rising to close up 3 percent.
— Gilead Sciences plunged 14 percent after the drugmaker said a promising hepatitis C treatment it recently acquired may have to be used with other drugs in patients with the disease. The company said some patients in a small part of a mid-stage study relapsed within a month of completing the treatment.
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