Saks Incorporated (NYSE:SKS) jumped by 4.47% to $7.95 on over 2.83 million shares. The company said Tuesday its second-quarter net loss narrowed to $32.2 million or 21 cents a share, from a loss of $54.5 million, or 39 cents a share, in the year-ago period. Sales for the New York retailer rose to $593 million from $565 million.

Excluding a one-time charge, Saks said it lost 13 cents a share, while analysts polled at FactSet Research were looking for a loss of 17 cents a share, on average.

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The TJX Companies, Inc. (NYSE:TJX) gained 1.55% to $42. It touched the day high of $42.50 whereas total traded volume stands at 3.01 million shares for the day. The company said Tuesday its fiscal second-quarter earnings rose to $304.9 million, or 74 cents a share, from $261.5 billion, or 61 cents a share in the year-ago period, citing higher customer traffic. Quarterly net sales rose 7% to $5.1 billion, as each of the U.S., Canada, and Europe segments brought in higher revenue. Total same-store sales rose 4% for the quarter.

Analysts, on average, expected the discount retailer to earn 73 cents a share, according to FactSet Research.

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Pacific Ethanol Inc (NASDAQ:PEIX) skyrocketed 39.58% to $0.726 on over 14.80 million shares. The company reported net income available to common stockholders for the second quarter of $107.8 million or $1.43 per share, compared to a net loss available to common stockholders of $28.2 million or $0.49 per share for the year-ago quarter.

Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) lost 5.40% to $23.47. Till now, 1.72 million shares have already been traded as compared to its daily average volume of 676K shares. The company said its second quarter profit declined from last year, hurt by higher expenses partially offset by revenue growth.

Net income attributable to the company's shareholders was US$29.0 million or US$0.55 per ADS, compared to US$38.4 million or US$0.72 per ADS in the prior year quarter.

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William Cobb, the former president of eBay Inc.'s U.S. Marketplaces division, was elected to the board of directors at H&R Block Inc.

Company leaders hope his expertise can help H&R Block (NYSE: HRB) improve performance in the increasingly important digital segment, which includes programs that let consumers prepare taxes online.

At eBay, Cobb was responsible for more than $25 billion in gross merchandise sales, $2.6 billion in revenue and more than 5,000 associates. He also oversaw affiliated businesses such as StubHub, Shopping.com and Rent.com. During his eight years at eBay, Cobb also was general manager of eBay International and head of global marketing for eBay.

Before his time at eBay, Cobb held senior marketing positions at Pepsico/Tricon, which now is YUM Brands. For more than 12 years, he handled marketing for companies such as KFC International, Pizza Hut International and Taco Bell International.

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Cobb holds director positions at Orbitz Worldwide, Pacific Sunwear of California and Och-Ziff Capital Management Group.

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