Among the companies whose shares are expected to see active trade in Wednesday's session are Hewlett-Packard Co., Lehman Brothers Holdings Inc. and BP Plc.

Aastrom Biosciences Inc. (ASTM) is expected to report a loss per share for the fourth quarter of 4 cents, according to analysts polled by Thomson First Call.

Brady Corp. (BRC) is expected to post per-share income of 44 cents for the fourth quarter.

Lehman Brothers (LEH) is expected to post earnings of $1.49 per share for the third quarter.

Xilinx Inc. (XLNX) is expected to report second-quarter income of 24 cents per share.

After Tuesday's closing bell, California Attorney General Bill Lockyer turned up the heat in the Hewlett-Packard (HPQ) boardroom scandal, saying on television he had enough evidence for indictments inside and outside the company.

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Ashworth Inc. (ASHW) said Chief Executive Randall Herrel Sr. has resigned, effective Oct. 17. The Carlsbad, Calif.-based retailer said James Hayes, its lead independent director, has been elected chairman of the board.

BP (BP) America President Bob Malone told U.S. lawmakers that the company is on the brink of a deal with the Department of Interior that would resolve the agency's concerns about flawed Gulf of Mexico drilling leases.

Business Objects S.A. (BOBJ) agreed to acquire privately held Armstrong Laing Ltd. for 30 million pounds ($56 million). The deal is expected to close in the fourth quarter.

Discovery Partners International Inc. (DPII) said its shareholders have approved the company's merger with Infinity Pharmaceuticals Inc.

Energy Conversion Devices Inc. (ENER) said the fourth-quarter net loss narrowed to $769,000, or 2 cents a share, from a net loss of $6.9 million, or 23 cents a share, during the same period in the prior year.

Ford Motor Co. (F) is aiming to slash its white-collar costs by nearly a third as part of a stepped up restructuring plan, the Wall Street Journal reported.

Globecomm Systems Inc. (GCOM) reported fourth-quarter net earnings of $1.5 million, or 10 cents a share, up 41% from $1.07 million, or 7 cents a share, during the year-ago period. The provider of satellite-based communication solutions posted revenue of $35.5 million vs. $26.7 million.

International Coal Group Inc. (ICO) cut its 2006 outlook a result of the idling its Sycamore 2 mine and continued cost pressures at operations in the central and northern Appalachian regions.

Joy Global Inc. (JOYG) said it has increased its current $300 million buyback program to a level of $1 billion and extended it until the end of 2008 from May 2007.

Lockheed Martin Corp. (LMT) said its company-led team has been awarded a multiyear contract from the Air Force worth $589 million.

Marvell Technology Group Ltd. (MRVL) said it has received notice from Nasdaq that it isn't in compliance with the exchange's rules due to the delayed filing of its Form 10-Q for the quarter ended July 29.

New York Times Co. (NYT) said it plans to sell its nine television stations, less than three months after the company said it had no plans to sell the unit.

OSI Restaurant Partners Inc. (OSI) named Jody Bilney chief marketing officer of Outback Steakhouse. Most recently, Bilney served as chief marketing officer at Openwave Systems Inc.

Osiris Therapeutics Inc. (OSIR) reported a second-quarter net loss of $11.6 million, or $1.27 a share, compared with a net loss of $3.4 million, or 38 cents a share, in the year-ago period.

Filtration-equipment maker Pall Corp. (PLL) said it earned $62.8 million, or 50 cents a share, in its fiscal fourth quarter, up 45% from a year ago on double-digit increases in demand from its aerospace, electronics and life sciences customers.

RailAmerica Inc. (RRA) said total carloads in August fell 2.1%, to 107,025 from 109,287 in the same month last year. On a comparable railroad basis, excluding the sale of certain properties, August carloads fell 0.5% to 104,056 from 104,595 in last year.

RealNetworks Inc. (RNWK) said it has agreed to buy South Korea-based mobile music and entertainment provider WiderThan Co. for $17.05 a share, or roughly $350 million.

Scotts Miracle-Gro Co. (SMG) said Robert Bernstock, president and chief operating officer, has left the organization and it has eliminated the role of COO. The lawn and garden products company said it has named Chris Nagel, currently chief financial officer, as executive vice president of the North American consumer business, the company's largest operating unit.

Sears Holdings Corp. (SHLD) said its board has approved buying back up to an additional $500 million of the company's shares.

Time Warner Inc.'s (TWX) Time Inc. magazine division said it's putting 18 of its smaller titles, including Parenting and Popular Science, up for sale in a move to focus on its biggest brands in print.