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Yahoo! Inc. (YHOO: News ) is rising over 1 percent to $14.72 amid revived rumors about the company being a takeover target. Daniel Loeb’s Third Point LLC urged the company’s Co-founder and Director Jerry Yang to push for further leadership changes, and alleged that Chairman Roy Bostock has been a destroyer of company value.

Pier 1 Imports, Inc. (PIR: News ) is rising over 2 percent to $11.95 as it reported higher earnings for its second quarter. Net sales improved 9.6 percent. The company specified that its growth plan is firmly on track.

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