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tdp2664 InvestorPlace Liz Claiborne Inc. (NYSE: LIZ ) might live to fight another day, but it's going to do so without … well, Liz Claiborne. The fashion retailer dropped a bomb Wednesday when it announced it would be selling off several brands — including the Liz Claiborne name itself — to turn around a struggling business that had seen annual revenue slashed from 2006 through 2010. The stock saw its first sign of aggressive life in more than a month, jumping 34% to end the day at $6.84 and regaining almost all of the 25% loss LIZ suffered during the past 12 months. Liz Claiborne Inc. will retain such high-end brands as Juicy Couture, which sells everything from dresses to sleepwear to jewelry; Lucky Brand, known for its $100 jeans; and kate spade, which sells luxury handbags among other fashionable clothing and accessories. Also making headway toward prices from better times was LinkedIn (NYSE: LNKD ), the professional social media site that publicly offered in May. LNKD gained almost 10% on Wednesday a day after the company acquired enterprise search engine IndexTank — which was less than a week removed from its purchase of software maker Connected. LinkedIn — which is becoming increasingly attractive to Indian workers — finished the day at $82.36. The company hasn't ended a trading day that high in almost a month, but LNKD shares still are about 12% shy of their IPO value. Three Up Sprint Nextel (NYSE: S ): Up 7.98% (19 cents) to $2.57. Royal Caribbean Cruises (NYSE: RCL ): Up 6.62% ($1.56) to $25.12. Melco Crown Entertainment ( NASDAQ : MPEL ): Up 6.49% (67 cents) to $11. Three Down Buckle (NYSE: BKE ): Down 9.04% ($4.08) to $41.06. Western Digital Corp. (NYSE: WDC ): Down 4.61% ($1.33) to $27.55. Alcoa Inc. (NYSE: AA ): Down 2.43% (25 cents) to $10.05. As of this writing, Kyle Woodley did not own a position in any of the aforementioned stocks.
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