WALL STREET’S NOD: Wall Street reacted favorably to Liz Claiborne Inc.’s news Wednesday that it will change its corporate name to Fifth & Pacific Cos. Inc., effective in mid-May. The company’s stock reached a 52-week high on the New York Stock Exchange Wednesday, closing at $9.40, up 9.29 percent from Tuesday’s close. Some 6.22 million shares were traded, a 65.8 percent spike over its average daily activity. The stock will change its ticker name to FNP in May. The company, which has been on a grueling ride the past five years as it has shed numerous businesses, changed its corporate identity since its namesake collection was sold to J.C. Penney in October.

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