Among the companies whose shares are expected to see active trading in Wednesday's session are CA Inc., Network Appliance Inc., and Target Corp.

Abercrombie & Fitch Co. (ANF) is expected to report first-quarter earnings of 65 cents a share, according to a survey of analysts by Thomson Financial.

CA Inc. (CA) is expected to post earnings of 20 cents a share for the fourth quarter.

Eaton Vance Corp. (EV) is expected to report second-quarter earnings of 17 cents a share.

Hot Topic Inc. (HOTT) is expected to post a loss of 2 cents a share for the first quarter.

Limited Brands Inc. (LTD) is expected to report first-quarter earnings of 13 cents a share.

Network Appliance (NTAP) is expected to post earnings of 30 cents a share for the fourth quarter.

Ross Stores Inc. (ROST) is expected to report first-quarter earnings of 48 cents a share.

Target (TGT) is expected to post earnings of 71 cents a share for the first quarter.

Tween Brands Inc. (TWB) is expected to report first-quarter earnings of 36 cents a share.

Wet Seal Inc. (WTSLA) is expected to post earnings of 6 cents a share for the first quarter.

After Tuesday's closing bell, Canadian aluminum producer Alcan Inc. (AL) said its board unanimously recommended shareholders reject a $27 billion bid from rival U.S. producer Alcoa Inc. (AA) , calling the hostile offer "inadequate in multiple respects."

Discount shoe retailer Payless ShoeSource Inc. (PSS) said it would acquire Stride Rite Corp. (SRR) for roughly $800 million cash in a bid to move up market.

Medtronic Inc. (MDT) posted a nearly 10 percent rise in its fiscal fourth-quarter profit on higher sales of its defibrillators and pacemakers, and said it still believes a U.S. launch of its drug-eluting Endeavor stent in the second half of the year is achievable.

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Advanced Analogic Technologies Inc. (AATI) said the U.S. International Trade Commission has ruled in favor of the company in a patent infringement case brought by Linear Technology Corp. (LLTC) . The ITC judge found that all asserted claims of Linear's patents were either non-infringed or invalid, the company said. The initial determination will now be considered by the full ITC, the company said. The final determination is expected to be issued by Sept. 22, and AnalogicTech said it expects the judge's findings to be confirmed at that time.

Aeroflex Inc.'s (ARXX) board declared a revised proposal from Veritas Capital to acquire the company for $14.50 a share superior to an offer by General Atlantic and Francisco Partners. The Plainview, N.Y., provider of automated testing services and microelectronics had agreed to be acquired by General Atlantic for $13.50 a share, or about $1 billion. Aeroflex said it's prepared to terminate previous pact, in which case General Atlantic would be entitled to a $15 million fee plus up to $7.5 million in expenses from the company. General Atlantic has up to three days following receipt of notice of the superior proposal to revise its offer.

Analog Devices Inc. (ADI) reported second-quarter net earnings of $125.4 million, or 37 cents a share, down 14 percent from $145.8 million, or 39 cents a share, during the year-ago period. Pro forma per-share earnings were 40 cents vs. 41 cents. The Norwood, Mass.-based chipmaker said revenue rose to $669.1 million from $643.9 million. Analysts polled by Thomson Financial were expecting, on average, a per-share profit of 35 cents on revenue of $659 million. For the third quarter, the company said it expects per-share earnings of 33 cents to 37 cents, or 37 cents to 41 cents on a pro forma basis, on revenue of $655 million to $685 million.

Bristow Group Inc.'s (BRS) fiscal fourth-quarter net income grew 54% to $27.4 million, or 91 cents a share, from a year-earlier profit of $17.8 million, or 75 cents a share. The Houston oilfield helicopter transport company's revenue for the quarter ended March 31 grew 14 percent to $228.7 million from $201.3 million. Wall Street expected fourth-quarter earnings of 64 cents a share on revenue of $218.7 million, according to Thomson Financial.

Crescent Real Estate Equities Co. (CEI) said it has agreed to be acquired by funds managed by Morgan Stanley Real Estate (MS) for $22.80 per share in a deal valued at roughly $6.5 billion, including debt. The offer represents a 5.5 percent premium over Crescent's closing share price on Tuesday. The deal includes the assumption and refinancing of roughly $3.1 billion of Crescent's debt and redemption of its preferred shares. Fort Worth, Texas-based Crescent expects the deal to close by the end of the third quarter.

Dycom Industries Inc. (DY) reported third-quarter net earnings of $12.4 million, or 31 cents a share. During the year-ago period, the Palm Beach Gardens, Fla.-based provider of specialty contracting services posted a net loss of $6.5 million, or 16 cents a share. Excluding certain gains and charges, earnings were $11.1 million, or 27 cents a share, compared with $8.3 million, or 21 cents a share, a year ago. Revenue rose to $291.6 million from $251.1 million. For the fourth quarter, Dycom said it expects per-share earnings from continuing operations of 29 cents to 34 cents on revenue from continuing operations of $295 million to $315 million.

Forest Laboratories Inc. (FRX) and Cypress Bioscience Inc. (CYPB) said a Phase III study of the company's milnacipran drug showed significant therapeutic effects in patients with fibromyalgia syndrome. Forest and its licensor, Cypress, anticipate submitting a new drug application for milnacipran around the end of 2007. The pivotal trial studied 1,196 patients with primary pre-defined endpoints evaluating the treatment of the pain associated with fibromyalgia syndrome or the overall treatment of the disease itself.

Media General Inc.'s (MEG) April revenue increased 7.7 percent to $93.3 million from a year earlier. Excluding the revenues of four NBC television stations acquired in June, total revenue fell 2.6 percent. The Richmond company said the publishing division revenues decreased 6.5 percent, reflecting lower classified advertising revenue. Media General's interactive media division's revenue rose 33.7 percent, the company said.

Men's Wearhouse Inc.'s (MW) fiscal first-quarter net income climbed 42 percent to $40.9 million, or 75 cents a share, from $28.9 million, or 53 cents a share, a year earlier. The April acquisition of After Hours Formalwear contributed 8 cents to the period's earnings, after acquisition-funding costs. Total sales for the Houston retailer of men's apparel grew 14 percent to $496.1 million from $434.6 million, as U.S. same-store sales declined 1.3 percent. Canadian same-store sales increased 5.8 percent.

Standard & Poor's said it would add Memc Electronic Materials Inc. (WFR) to the S&P 500, replacing Kinder Morgan Inc. (KMI) , on a date to be announced. Nationwide Health Properties Inc. (NHP) will replace Memc Electronic in the S&P MidCap 400 Index on a date to be announced. Kinder Morgan is being acquired by an investment group led by its Chairman and Chief Executive Richard Kinder.

Omnicom Group Inc. (OMC) said its board approved a 2-for-1 stock split and boosted its quarterly dividend 20 percent to 15 cents. Omnicom, a New York marketing and corporate-communications company, recently had 165.4 million shares outstanding. The company will distribute the stock split June 6 to shareholders of record on the same date. The increased dividend will be paid July 5 to shareholders of record on June 6.

Palm Harbor Homes Inc. (PHHM) said it swung to a fiscal fourth-quarter net loss of $7.23 million, or 32 cents a share, from a year-ago net profit of $3.2 million, or 14 cents a share. Results for the fourth quarter of fiscal 2007 included 13 cents a share in restructuring charges related to the closing five retail stores and a factory. The Dallas-based home builder said revenue for the three months ended March 30 fell 25 percent to $135.9 million from $180.3 million in the comparable period last year.

Pep Boys (PBY) reported first-quarter earnings from continuing operations before cumulative effect of change in accounting principle of $3.22 million, or 6 cents a share. During the same period a year ago, the company posted a net loss from continuing operations of $867,000, or 2 cents a share. The Philadelphia-based automotive aftermarket retail and service chain posted revenue of $546 million vs. $556.6 million.

Principal Financial Group Inc. (PFG) said it has authorized a $250 million stock buyback plan. The new share repurchase program is in addition to the $250 million stock buyback approved in November 2006, under which $100 million worth of stock has been repurchased. Principal Financial is based in Des Moines, Iowa.

Shanda Interactive Entertainment Ltd. (SNDA) reported first-quarter net earnings of $58 million or 80 cents per American Depositary share, up from 11.8 million yuan, or 0.16 yuan per ADS, in the year-ago period. Excluding a net gain from the disposal of Sina shares, Shanda earned 36 cents a share. The Shanghai-based media company said revenue in the three months ended March 31 rose 56 percent to 532.3 million yuan from 341.4 million yuan in the comparable period last year.

SLM Corp. (SLM) said that Vice Chairman and Chief Executive Thomas Fitzpatrick is leaving the company to pursue other interests. Reston, Va.-based SLM, commonly known as Sallie Mae, named Chief Financial Officer C.E. Andrews as its new CEO, effective today. Last month, an investor group led by J.C. Flowers & Co. agreed to acquire Sallie Mae, and the education finance company said it received assurances from the Flowers group that Fitzpatrick's departure would not impact their plans to proceed with the deal.

Torch Energy Royalty Trust (TRU) said it is not authorized, under the agreement governing the trust, to take a position regarding the tender offer by Trust Venture Co. LLC. Earlier this month, Trust Venture announced that it has launched a tender offer for all the outstanding units of Torch Energy at a price of $8 each. Trust Venture currently owns 3.7 percent of Torch's outstanding units.

TreeHouse Foods Inc. (THS) said that Michelle Obama, the wife of Democratic presidential candidate Barack Obama, has resigned as a director effective Tuesday, citing increased demands on her time. Michelle Obama has been a director of the Westchester, Ill.-based food manufacturer since it was spun off from Dean Foods Co. (DF) in June of 2005.

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