SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Friday's session are J2 Global Communications Inc., Adobe Systems Inc. and Ford Motor Co.
J2 Global (JCOM) is expected to report earnings per share for the third quarter of 30 cents, according to analysts polled by Thomson First Call.
After Thursday's closing bell, Adobe (ADBE) reported its fiscal fourth-quarter profit rose 16 percent, as an investment gain and higher sales of its business and creative software offset charges related to its acquisition of smaller rival Macromedia.
Alliance One International Inc. (AOI) said Brian Harker, chairman and chief executive, will retire as CEO, effective Dec. 31.
Bear Stearns Cos. (BSC) said it has increased its share buyback program to $2 billion from $1.5 billion.
California Micro Devices Corp. (CAMD) backed its third-quarter results outlook of a range of a loss of 2 cents a share to earnings of 1 cent a share. The company also confirmed its revenue outlook of $16.5 and $18.5 million.
Christopher & Banks Corp. (CBK) said it has pushed forward the effective date for Matthew Dillon to become president and chief executive to Jan. 1. Previously, Dillon, who is president and chief merchandising officer, was scheduled to become CEO on March 1.
Conseco Inc. (CNO) said it plans to consolidate back-office operations, resulting in annual savings of $25 million per year beginning in 2008. Under the plan, about 450 positions will be eliminated or "substantially changed" over the next year.
Culp Inc. (CFI) said it plans to consolidate its U.S. upholstery fabrics manufacturing facilities and outsource its specialty yarn production, resulting in the elimination of 185 jobs. Culp said it will close its weaving plant in Graham, N.C., and its yarn plant in Lincolnton, N.C.
Dendrite International Inc. (DRTE) said it sees fourth-quarter revenue of $107 to $112 million, with a per-share loss of 23 cents to 35 cents. The company expects 2007 revenue of $430 million to $445 million, and per-share income of 43 cents to 51 cents.
Epix Pharmaceuticals Inc. (EPIX) said it will appeal with the Food and Drug Administration a decision by the Office of New Drugs to deny a prior appeal for the company's blood-pool imaging agent Vasovist.
E-Trade Financial (ET) said it will move its stock market listing to Nasdaq from the New York Stock Exchange to save money and more closely align the company with the activities of its trading customers. E-Trade's new listing will be effective on Dec. 27. The new ticker will be "ETFC."
Ford (F) , in its first realignment of senior management under new Chief Executive Alan Mulally, said it will expand the role of its head of product development in the Americas to include the rest of the world.
Glass, Lewis & Co. said it will be acquired by Xinhua Finance Ltd. (XHFNY) . Xinhua, a Shanghai-based financial information provider, purchased 19.9 percent of Glass Lewis in August, and will buy the remaining 80.1 percent in a deal expected to close in early 2007.
Grubb & Ellis Co. (GBE) said Shelby Sherard has resigned as chief financial officer of the company and its affiliate, Grubb & Ellis Realty Advisors.
Intuit Inc. (INTU) said it has agreed to acquire Electronic Clearing House Inc. (ECHO) for $142 million. Intuit will pay $18.75 per Electronic Clearing share, including shares issuable upon exercise of options.
Kinder Morgan Energy Partners (KMP) said it sees cash distributions of $3.44 per unit for 2007. The Houston-based energy transportation and storage company said it expects to grow its distribution per unit 6 percent during the period on distributable cash flow growth of $210 million.
Lattice Semiconductor Corp. (LSCC) lowered its view for fourth-quarter revenue, and now expects sequential sales to drop 2 percent to 4 percent. Previously, the company had expected sequential revenue to range from matching the prior quarter's results to growing 4 percent.
New York Times Co. (NYT) said it has named James Follo chief financial officer, effective Jan. 8. Follo succeeds Leonard Forman, who is retiring at the end of December.
Par Pharmaceuticals Cos. (PRX) said it will restate previous product revenues lower by $84 million instead of its prior estimate of $55 million.
Petro-Canada (PCA) (PCZ) said it expects upstream production of 390,000 barrels of oil equivalent per day to 420,000 boed in 2007. The Canadian energy company said it has approved a capital and exploration expenditure program of $4.1 billion for 2007.
Quiksilver Inc. (ZQK) said fourth-quarter net income rose, as revenue gained, to $65.3 million, or 51 cents a share, from $33.6 million, or 27 cents a share, during the same period in the prior year. The Huntington Beach, Calif.-based apparel company said quarterly revenue rose to $778.4 million from $637.4 million.
Safeguard Scientifics Inc. (SFE) said Christopher Davis has resigned as chief financial officer to pursue other interests. The investment firm said it has named Stephen Zarrilli, co-founder of the Penn Valley Group, as acting CFO.
Tektronix Inc. (TEK) said second-quarter net earnings fell, as selling, general and administrative expenses rose, to $19.6 million, or 24 cents a share, from $19.9 million, or 24 cents a share, during the same period in the prior year. For the third quarter, Tektronix sees sales of $275 to $285 million, and earnings per share from continuing operations of 34 cents to 39 cents, before items such as acquisition and business realignment costs.
VistaCare Inc. (VSTA) said its fourth-quarter net loss widened to $10.9 million, or 66 cents a share, from $5.1 million, or 31 cents a share, in the same period last year. Excluding a non-cash valuation allowance of $8.3 million, per-share earnings were 16 cents.
Wolverine World Wide Inc. (WWW) said it has named President and Chief Operating Officer Blake Krueger as chief executive, effective at the company's April annual shareholder meeting.
YRC Worldwide Inc.'s (YRCW) shares fell after the based provider of transportation services cut its fourth-quarter per-share earnings outlook to 95 cents to $1.05 from its prior view of $1.40 to $1.50.
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