SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Monday's session are Autodesk Inc., Johnson & Johnson and McKesson Corp.
After Friday's closing bell, Autodesk (ADSK) said an internal review has found that the actual measurement dates for financial accounting purposes of certain employee stock-option grants differ from the awards' recorded dates.
Alliance Financial Corp. (ALNC) said it has completed its acquisition of Bridge Street Financial Inc. Alliance agreed to acquire Bridge Street for $55 million in cash and stock.
Citigroup Inc. (C) is requiring management committee members to give a 75-day notice should they resign and is restricting them from recruiting other employees for the same period. There are about 110 members of the management committee including Chairman and Chief Executive Chuck Prince, executive committee chairman Robert Rubin and other business unit leaders.
Dryships Inc. (DRYS) said it has named Chairman and Chief Executive George Economou as interim chief financial officer. The Greek shipping company said Economou will replace Christopher Thomas, who resigned as CFO effective today.
GenTek Inc. (GETI) said the waiting period under the Hart-Scott-Rodino Act on its proposed sale of its Noma wire and cable assembly business expired without a formal request from the Department of Justice for additional information or documentary material.
Johnson & Johnson (JNJ) said the Food and Drug Administration has approved Risperdal for the treatment of irritability associated with autistic disorder in children and adolescents aged 5 to 16 years. Also, the company said vice-chairman and chief financial officer, Robert Darretta, will retire at the start of next year.
McKesson (MCK) said it believes that claims against the company in litigation regarding wholesale drug prices "have no merit" and "we will defend ourselves vigorously." McKesson said that it does not set average wholesale prices, and that the company believes it was one of three national wholesalers surveyed to derive published average wholesale prices.
Mesaba Aviation Inc., a subsidiary of Mair Holdings Inc. (MAIR) , said traffic in September fell 60.4% to 64.7 million revenue passenger miles. Load factor, or the percentage of the plane filled with passengers, decreased 2.6 percentage points to 63%. Capacity fell 58.8% to 102.7 million available seat miles, the Minneapolis-based carrier said.
Sunset Financial Resources Inc. (SFO) said it has closed its merger with Alesco Financial Trust, following the approval of the merger by Sunset's stockholders. Sunset Financial is a real estate investment trust based in Jacksonville, Fla.
Time Warner Telecom Inc. (TWTC) said it has completed a new $700 million senior secured credit facility for its Time Warner Telecom Holdings Inc. subsidiary. The company said the facility consists of a $600 million term loan B maturing in January 2013 and a $100 million revolving credit facility maturing in October 2011.