Market Roundup

Shares of UDR Inc UDR gained about 1.7% after the company raised its projections for full-year funds from operations. UDR agreed to pay $687 million for two home communities in New York and one in Washington D.C. UDR also announced its plans to sell 15 million shares in a public offering. Shares of Yum! Brands Inc YUM gained about 2.5% as the company is all set to report its quarterly results after the closing bell. YUM is projected to report its Q2 EPS at $0.61 on revenue of $2.70 billion. Shares of Fidelity National Financial Inc FNF gained about 0.7% after WRM America Holdings announced its plans to acquire the flood insurance business of FNF for $210 million. The deal is likely to close in the fourth quarter of 2011. Shares of Burberry Group PLC BURBY surged about 5.4% after the group reported a 26% rise its total revenue for the three months ended June 30. Burberry's revenue surged to 367 million pounds ($585 million). Excluding its discontinued Spanish business and the impact of fluctuating exchange rates, Burberry's underlying sales jumped 34%. Analysts were expecting total sales of 344 million pounds. Burberry's comparable store sales increased 15% excluding China.