Stocks to Watch, March 26: Dollar General, Tiffany & Co., Goodyear

Among the companies whose shares are expected to move in Monday's trading session are Dollar General Corp., Tiffany & Co., and Goodyear.

Dollar General (DG) is expected to report fourth-quarter earnings of 38 cents a share, according to a survey of analysts by Thomson Financial.

Phillips-Van Heusen Corp. (PVH) is expected to post earnings of 44 cents a share for the fourth quarter.

Rubios Restaurants Inc. (RUBO) is expected to report a fourth-quarter loss of a penny a share.

Tiffany (TIF) is expected to post earnings of $1.05 a share for the fourth quarter.

After Friday's closing bell, Goodyear Tire & Rubber Co. (GT) said it would sell a division that makes conveyer belts, hoses and other non-auto parts to an affiliate of the Carlyle Group for $1.48 billion.

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Hansen Natural Corp. (HANS) said its special board committee has substantially completed its investigation into the company's stock option practices, and found "no willful or intentional misconduct," and no evidence "raising concerns with the integrity of management." However, the Corona, Calif.-based natural drink company said its investigation determined there were inadequate internal accounting controls related to the stock option grant process, deficiencies in the process of documenting the approval of grants, and some errors related to the accounting for certain grants. The company has not yet determined whether any adjustments are necessary or whether a restatement will be required.

HealthExtras Inc. (HLEX) said Michael Donovan will resume his role as chief financial officer, effective immediately. The Rockville, Md.-based pharmacy management company said current Richard Hunt, who was previously appointed CFO, will "pursue a financial position in a venture capital oriented company" but will remain with HealthExtras in a transitional role. Donovan was HealthExtras CFO from 1998 until 2006.

Credit-card company Discover Financial Services filed with the Securities and Exchange Commission to spin off from its parent, Morgan Stanley (MS). The long-expected spinoff will include a "generally tax-free" distribution of its common shares to Morgan Stanley stockholders, according to the filing. Discover said it plans to apply to list its shares on the New York Stock Exchange under the ticker symbol "DFS." Earlier this week, Morgan Stanley said its credit-card unit was on track for the spinoff in the third quarter.

O.I. Corp.'s (OICO) President and Chief Executive William Botts resigned following a company investigation that found he directly benefited from options backdating. Botts also exercised stock options without fully disclosing to the board's compensation committee, backdating his options on at least one occasion with the assistance of the company's corporate secretary, Jane Smith, who also resigned. The company said it will have to restate its financials to reduce net income by $371,000 for 1985 to 2006.

Pfizer Inc. (PFE) said it plans to offer a generic version of Norvasc, its widely prescribed hypertension treatment. The generic amlodipine besylate products will be available immediately through Pfizer's Greenstone subsidiary, the New York-based pharmaceutical company said. Brand-name Norvasc also will remain available to patients. Pfizer said the launch was in response to the announcement by Mylan Laboratories Inc. (MYL) that it has started marketing a generic version of the drug. Pfizer also said it will continue to pursue all available legal remedies to protect the market for Norvasc through a six-month pediatric exclusivity period that expires in September.

Realogy Corp. (H) said it plans to offer $3.15 billion of 7-year senior notes, senior floating rate notes and senior pik toggle notes, and 8-year senior subordinated notes, in a private placement. The Parsippany, N.J.-based real estate franchisor said it plans to use proceeds from the offering to fund a portion of its pending merger with affiliates of Apollo Management L.P. The company also said it will use the proceeds to refinance certain credit facility indebtedness and pay related fees and expenses. In December, private-equity group Apollo agreed to acquire Realogy for $6.6 billion.

SpatiaLight Inc. (HDTV) said its 2006 Form 10-K 2006 contains a going concern qualification from its independent accounting firm. Shares of Novato, Calif.-based SpatiaLight, a maker of microdisplays and systems, fell a penny to close at 42 cents on Friday.

WCI Communities Inc. (WCI) said it will review and consider a $22-a-share unsolicited takeover bid from billionaire investor Carl Icahn. Icahn has a 14.5 percent stake in the Bonita Springs, Fla., developer of retirement and leisure communities. WCI plans to make a formal recommendation to shareholders on or before April 5.

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