SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Monday's session are ADC Telecommunications, Cooper Cos., and Fremont General Corp.
ADC Telecommunications (ADCT) is expected to report first-quarter earnings of 6 cents a share, according to a survey of analysts by Thomson Financial.
Cooper Cos. (COO) is expected to post earnings of 52 cents a share for the first quarter.
Copano Energy LLC (CPNO) is expected to post earnings of 78 cents a share for the fourth quarter.
• Get more hot tips in FOXBusiness.com's Investing Center.
Esterline Technologies Corp. (ESL) is expected to report first-quarter earnings of 42 cents a share.
Finisar (FNSR) is expected to post earnings of 4 cents a share for the third quarter.
Infrasource Services Inc. (IFS) is expected to report earnings of 17 cents a share for the fourth quarter.
Maidenform Brands Inc. (MFB) is expected to post fourth-quarter earnings of 8 cents a share.
Mirant Corp. (MIR) is expected to post earnings of 17 cents a share for the fourth quarter.
Progressive Gaming International Corp. (PGIC) is expected to report a fourth-quarter loss of 14 cents a share.
ResCare Inc. (RSCR) is expected to post earnings of 34 cents a share for the fourth quarter.
After Friday's session, Fremont General said it plans to sell its subprime real-estate lending business.
AMR Corp.'s American Airlines (AMR) reported traffic in February fell 1.3 percent, while capacity dropped 3.2 percent. Load factor, or the percentage of a plane filled with passengers, rose 1.5 percentage points to 76.5 percent.
Separately, AMR's American Eagle Airlines said system-wide traffic for February fell 2.3 percent, while capacity fell 1.5 percent. Load factor fell 0.6 percentage points to 69.4 percent.
Career Education Corp. (CECO) said that a U.S. District Court has dismissed the amended complaint in McSparran v. Larson, a shareholder derivative action against the company and certain of its current and former officers and directors. In so doing, the court terminated the litigation, which was first filed against the company in January 2004, the Hoffman Estates, Ill.-based education company said.
"The amended complaint provides no substantial reason to question the independence of a majority of CEC's board of directors," the court said, according to Career Education.
Cirrus Logic Inc. (CRUS) said it expects to restate results for 2001 through 2006 following the company's investigation into its historical stock option grants. The Austin, Texas-based maker of integrated circuits said its probe determined that accounting measurement dates for certain stock option grants from 1997 to 2005 differ from the recorded measurement dates.
The company estimated it will have to record additional noncash stock-based compensation of expense of $22 million to $24 million. Cirrus added that it is still reviewing the investigation's findings and is considering potential remedial actions. The company expects to be able to file delayed quarterly reports and all required restatements by April 18.
Direct General Corp. (DRCT) said it has entered into a memorandum of understanding to settle a pending class action for $14.94 million. The plaintiffs agreed to dismiss with prejudice all claims against all defendants to the action, the Nashville, Tenn.-based financial services holding company said.
In the class action, the lead plaintiffs alleged that Direct General, and certain of its directors and current and former officers, made false and misleading statements with respect to liabilities that had been recorded for unpaid losses and loss adjustment expenses, the company said.
Energy Transfer Equity L.P. (ETE) (ETP) said it has completed a private placement of 5.01 million of its common units to a group of institutional investors at a price of $31.96 each. The Dallas-based energy company said the share sale will generate net proceeds of roughly $160 million, which the ETE plans to use to repay debt.
Gen-Probe Inc. (GPRO) said the Food and Drug Administration has approved its Procleix Tigris System, an automated molecular diagnostics instrument, to screen donated blood, organs and tissues for West Nile virus.
Gen-Probe's blood screening products are marketed worldwide by Chiron, a unit of Novartis AG (NVS) . The West Nile virus is a mosquito-borne virus that causes disease ranging from mild, flu-like symptoms to severe encephalitis.
Lawson Products Inc. (LAWS) reported fourth-quarter net earnings of $1.34 million, or 16 cents a share, down from $9.58 million, or $1.06 a share, during the year-ago period. Adjusted operating income was $4.9 million compared with $6.8 million last year. The results include a full quarter of the operations of Rutland Tool & Supply Co., which was acquired in December 2005, the company said.
The Des Plaines, Ill.-based company posted revenue of $126.2 million, up 9 percent from $115.6 million. Lawson is a provider of products, systems and services to industrial maintenance, repair and replacement markets.
OptionsXpress Holdings Inc. (OXPS) said it's raising its quarterly dividend 25 percent, to 6.25 cents a share from 5 cents. The dividend is payable March 29 to shareholders of record as of March 16, the Chicago-based online broker said.
Pixelplus Co. (PXPL) said Chief Financial Officer Moon Sung Kim has decided to leave the company for personal reasons, effective Feb. 28. South Korea-based Pixelplus, which makes image sensors primarily for use in mobile camera phones, said it has begun its search for Kim's replacement.
Sunrise Senior Living Inc. (SRZ) said it has expanded the scope of its previously established special independent committee of the board, to include the review of facts and circumstances relating to the historical accounting treatment of certain categories of transactions in the pending restatement. The McLean, Va.-based provider of senior living services said it has also directed the committee to develop recommendations regarding any necessary remedial measures.
TXU Corp. (TXU) said that E. Gail de Planque has resigned from the board. De Planque's resignation avoids any perception of a potential conflict of interest arising out of her historical professional relationships within the industry, the Dallas-based utility company said. TXU agreed on Feb. 25 to a $45 billion buyout by an investor group led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group.
"In light of the expected continuing deliberations of the board of directors relating to the proposed transaction, De Planque decided, consistent with the views of the board and outside counsel to TXU and the strategic transactions committee, that it was in the best interests of all parties concerned that she resign effective immediately," the company said in a statement.
UTStarcom Inc. (UTSI) said it has delayed filing its 2006 annual report on Form 10-K. The Alameda, Calif.-based networking company said it needs additional time to complete analysis of the accounting and tax impacts of errors in prior stock-options accounting.
UTStarcom also reiterated its previous announcement that financial statements for the years 200 through 2006 should not be relied upon. The company said it estimates that the restatement may involve additional non-cash compensation and related charges of about $50 million.
XM Satellite Radio Inc. (XMSR) and Sirius Satellite Radio Inc. (SIRI) , currently seeking approval for a proposed $13.6 billion merger, pledged again Friday that existing XM and Sirius radios would not become obsolete if the deal is completed.
• Get more hot tips in FOXBusiness.com's Investing Center.
© 2007 MarketWatch, Inc.