Market Roundup

Shares of US Airways Group Inc

gained about 2.2% after the company reported a 4.5% rise in its consolidated March traffic. US Airways' load factor climbed to 84% from 82.9%, while capacity surged 3.1%. US Airways' consolidated passenger revenue per available seat mile gained 8%. Shares of Sony Corp

dropped about 3.9% after the company named Kunimasa Suzuki as president and CEO of Sony Mobile Communications. Suzuki will replace current CEO Bert Nordberg. Shares of G&K Services Inc

rose about 6.6% after the company declared a special dividend of $6 per share. G&K Services also raised the regular quarterly dividend by 50% to 19.5 cents per share. Spartan Oil Corp

lifted its 2012 spending and production outlook. Spartan Oil raised its capital budget for this year to C$127 million, versus its earlier forecast of C$80.2 million. Spartan now projects average production to be in the range of 2,600 to 2,800 barrels of oil equivalent per day (boe/d), versus its prior forecast of 2,000 to 2,200 boe/d. Spartan Oil lifted its exit production target for the year to 4,300 to 4,500 boe/d, versus 2,600 to 2,800 boe/d. Shares of MSC Industrial Direct Co Inc

dropped about 3.1% after the company reported its Q2 earnings at $0.95 per share on revenue of $563 million. However, analysts were expecting earnings of $0.95 per share on revenue of $554.69 million.