The Russell 2000 Index (RTY) rose 4.1 percent to 535.05 at 2 p.m. in New York. The Standard & Poor's 500 Index (SPX), whose companies have a median market value 22 times larger than the Russell 2000's, added 2.1 percent. The indexes have dropped 30 percent and 34 percent, respectively, in 2008.
B&G Foods Inc. (BGS) rallied 28 percent to $3.65 and earlier added 32 percent for the biggest intraday climb since May 2007. The maker of Ortega taco shells and Cream of Wheat cereal was raised to ``neutral'' at Credit Suisse Group AG. The company also said it may buy back as much as $10 million in shares.
Bare Escentuals Inc. (BARE US) declined 33 percent to $4.58 and earlier slid 46 percent for the biggest intraday plunge since shares went public two years ago. The maker of mineral-based cosmetics forecast full-year sales growth of 10 percent, less than a July projection of 15 percent to 20 percent.
Chiquita Brands International Inc. (CQB) added 6.9 percent to $14.44 and earlier advanced to $15.51, the biggest intraday gain since August 2006. The seller of bananas and other produce reported a third-quarter loss, excluding some items, of 44 cents a share, better than the average analyst estimate of a loss of 57 cents a share, according to Bloomberg data.
CommScope Inc. (CTV US) declined 27 percent to $14.75 in the biggest intraday retreat since November 2000. The Hickory, North Carolina-based maker of communications equipment for AT&T Inc. (T US) forecast 2008 sales of $4.03 billion to $4.08 billion, less than the $4.13 billion average estimate of analysts surveyed by Bloomberg. The stock was cut to ``neutral'' from ``overweight'' at JPMorgan Chase & Co.
Delta Petroleum Corp. (DPTR US) added 8.2 percent to $9.86 and earlier climbed 18 percent for the biggest intraday rise since Oct. 13. Kirk Kerkorian's Tracinda Corp. said it plans to expand its stake in the Colorado oil and natural-gas producer. Tracinda, already the company's largest investor, made a tender offer for up to 14 million shares at $11 each.
Powerwave Technologies Inc. (PWAV) slid the most on the Russell 2000 Index, dropping 51 percent to 88 cents. The maker of wireless communications products for Alcatel-Lucent (ALU US) cut its 2008 sales forecast, saying customers have canceled or delayed orders for equipment because of the global credit crisis.
Sunrise Senior Living Inc. (SRZ US) lost 30 percent to $3.09 and dropped 41 percent earlier for the biggest intraday fall in nine years. Health Care REIT Inc. terminated an agreement to buy a 90 percent stake in 29 senior housing properties managed by the Mclean, Virginia-based company because of ``uncertainty in the capital markets.'' Sunrise manages more than 450 retirement communities.
Town Sports International Holdings Inc. (CLUB) fell 34 percent to $2.30, the biggest intraday drop since the shares began trading in June 2006. The owner of New York Sports Clubs lowered its fourth quarter and 2008 earnings forecast because of the ``worsening consumer spending environment.''
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