SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Monday's session are Texas Instruments Inc., Sears Holdings Corp. and Reynolds American Inc.
A. O. Smith Corp. (AOS) is expected to report earnings per share for the fourth quarter of 50 cents, according to analysts polled by Thomson First Call.
AXP American Express Co. (AXP) is expected to post fourth-quarter per-share income of 76 cents.
Compass Bancshares Inc. (CBSS) is expected to report income of 90 cents per share for the fourth quarter.
CSX Corp. (CSX) is expected to post earnings of 57 cents per share for the fourth quarter.
Eaton Corp. (ETN) is expected to report per-share earnings for the fourth quarter of $1.59.
Mindspeed Technologies Inc. (MSPD) is expected to post a first-quarter loss per share of 6 cents.
Plantronics Inc. (PLT) is expected to report income per share of 29 cents for the third quarter.
Texas Instruments Inc. (TXN) is expected to post per-share income for the fourth quarter of 38 cents.
After Friday's closing bell, Sears (SHLD) said Craig Monaghan, chief financial officer since September, will leave at the end of this month. See full story.
Bassett Furniture Industries Inc. (BSET) reported fourth-quarter net earnings of $359,000, or 3 cents a share, down 83% from $2.07 million, or 18 cents a share, in the year-ago period.
Interpublic Group of Cos. (IPG) said it has withdrawn its Statement of Claim against Sir Frank Lowe before the American Arbitration Association. Lowe is the former head of one of the top units at Interpublic, a New York-based advertising giant. In exchange, Lowe has agreed to withdraw his lawsuit for defamation against Interpublic in New York State Supreme Court.
Pinnacle West Capital Corp. (PNW) said it will seek shareholder approval to declassify its board, providing for the annual election of directors. Currently, directors are elected to staggered, 3-year terms, according to the Phoenix-based electricity company. Pinnacle will seek approval at its 2007 annual shareholder meeting.
R.J. Reynolds Tobacco Co., a Reynolds American (RAI) unit, said a U.S. District Court judge granted its summary judgment motion on invalidity in a patent infringement lawsuit brought against the company by Star Scientific Inc. (STSI) . See After Hours column.
Tecumseh Products Co. (TECUA) (TECUB) said it has named James Bonsall interim president and chief operating officer, a new position. In addition to his new role, Bonsall will continue as president of the company's engine and power train group and as managing director of AlixPartners.
THQ Inc. (THQI) filed amended financial reports covering the last four fiscal years as well as its second fiscal quarter ended Sept. 30, 2006. The filings by the video game publisher are part of an internal probe into the accounting of stock options. As a result of the investigation, the company reduced its reported earnings per share for the fiscal year ended March 31, 2006, to 49 cents from 52 cents. The prior year's EPS was reduced to $1.02 from $1.04 while the 2004 fiscal year was trimmed to 58 cents from 61 cents. For the quarter ended Sept. 30, reported EPS was reduced to 17 cents from 19 cents.
U.S. Bancorp (USB) said it has named Andrew Cecere as vice chairman and chief financial officer, effective Feb. 27. Cecere, who is currently vice chairman of wealth management, will succeed David Moffett, who will remain with the company as an adviser for up to a year.
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