SAN FRANCISCO – Among the companies whose shares are expected to see active trading in Tuesday's session are Advanced Medical Optics, Alcan, Alcoa, Alkermes, BMC Software, Borders Group, Coke, Disney, GlaxoSmithKline, Jones Soda, and the timber companies. The U.S. stock market is closed on Monday for the Memorial Day holiday.
Alkermes Inc. (ALKS) is expected to report fourth-quarter earnings of a penny a share, according to a poll of analysts by Thomson Financial.
Apollo Investment Corp. (AINV) is expected to post earnings of 42 cents a share for the fourth quarter.
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Blue Coat Systems Inc.'s (BCSI) fiscal fourth-quarter results are expected to show a per-share profit of 28 cents.
BMC Software (BMC) is expected to report fourth-quarter earnings of 40 cents a share.
Borders Group (BGP) is expected to report a first-quarter loss of 38 cents a share.
Donaldson Co. (DCI) is seen reporting earnings of 45 cents a share in its fiscal third quarter.
Phillips-Van Heusen's (PVH) first-quarter earnings are expected to come in at 86 cents a share.
Suntech Power Holdings (STP) is seen posting a first-quarter per-share profit of 21 cents.
VeriFone Holdings Inc. (PAY) is expected to post earnings of 37 cents a share for the second quarter.
Advanced Medical Optics, (EYE) the Santa Ana, Calif., maker of ophthalmic-surgery and eye-care products, said it was voluntarily recalling its Complete MoisturePlus contact-lens solutions. The company said it took the action after it received information from the U.S. Centers for Disease Control and Prevention, saying that the product poses to users a higher risk of developing acanthamoeba keratitis, a "rare but serious infection of the cornea."
Alcan Inc. (AL) has not ruled out the option of buying its larger rival, Alcoa, (AA) in what's known as a Pac-Man strategy after the 1980's video game. On May 7, Alcoa launched a $27 billion hostile bid for Alcan, which Alcan's board has rejected. In a Securities and Exchange Commission filing, Alcan said that if Alcoa brought a new proposal "that made sense for our shareholders," the board would consider it "but certainly not under the currently proposed terms and price."
Coca-Cola: (KO) The Atlanta soft-drink giant agreed to acquire Energy Brands, maker of Vitaminwater, for $4.1 billion cash. See story. And the Sunday Telegraph reported that the company is in talks to buy Highland Spring, the No. 2 U.K. bottled-water brand, in a deal that could be valued at nearly $1 billion.
Walt Disney Co. (DIS) said late Friday that "Pirates of the Caribbean: At World's End" grossed $58 million worldwide in its first two days of pre-weekend release. The film, which stars Johnny Depp, Orlando Bloom and Keira Knightley, expanded into 102 international markets on Friday. Walt Disney also set June 6 as the record date for the spin-off and merger of its ABC Radio business with a subsidiary of Citadel Broadcasting Corp. (CDL)
Ebay, (EBAY) the San Jose, Calif., online-auction giant, agreed with Sanook.com, a Thai Web portal, to form an e-commerce site in Thailand. Sanook.com is a subsidiary of Naspers Ltd., (NPSN) the Cape Town, South Africa, media company.
General Electric Co. and Vivendi SA: NBC Universal is in talks to switch programming chiefs as the network continues its efforts to improve its fourth-place ranking, The New York Times reported. The paper reported that executives informed of the talks said the company, owned 80 percent by GE (GE) and 20 percent by Vivendi, (012777) is discussing severing its ties with Kevin Reilly, its chief programmer and president of its entertainment division.
GlaxoSmithKline, (GSK) the U.K. drugmaker, is concerned that it might not be able to complete a study of its Avandia diabetes treatment because a number of patients have dropped out, The New York Times reported. The company had been hoping that the study would dispel concern that the drug carries a higher risk of heart attack than rival treatments, the paper reported.
Integrated BioPharma Inc. (INBP) late Friday cuts its fiscal 2007 revenue forecast, citing decreases in consumer-spending forecasts reported in the past two weeks by the major retailers. The chains are the company's Nutraceutical-segment customers. Integrated now expects revenue for the year ending June 30 of $64 million to $66 million, down from its previous forecast of $68 million to $70 million.
Jones Soda (JSDA) stock tripled from August through mid-April as investors speculated about a strong fourth quarter and a possible takeover and as short sellers covered their positions, Barron's magazine reported. But analysts have been cutting their estimates, and the stock has already lost some of its fizz, the publication reported.
LogicaCMG (LGIAF) (LOG) Chief Executive Martin Read will resign under pressure from a key shareholder after the information-technology-services group issued a profit warning last week, the Times of London and the U.K.'s Telegraph reported. Morley Fund Management, which holds 2 percent of LogicaCMG, sought the change, the papers said.
MedImmune Inc. (MEDI) said the Food and Drug Administration completed its review of submissions related to its application to extend the age indication of the flu vaccine FluMist. The biotechnology company said the FDA also acknowledged labeling for the vaccine and post-marketing commitments made by the company. Final action has been reserved until compliance issues at the U.K. plant have been resolved, the company said. MedImmune aims to release the vaccine by the 2007-2008 flu season.
New Frontier Media Inc. (NOOF) Chief Financial Officer Karyn Miller intends to resign after the company appoints a successor. The Boulder, Colo., provider of adult-themed and general motion picture entertainment said Miller is leaving to spend a year or more backpacking across the U.S.
Nokia Corp. (NOK) launched a service Monday that provides English-language lessons to Chinese speakers via their cellphones, reflecting an effort by the cellphone maker to broaden its appeal in the fastest growing major economy, The Wall Street Journal reported.
TeleCommunication Systems Inc.: (TSYS) A jury upheld the validity of its wireless messaging patent in its dispute with Sybase Inc. (SY) The jury awarded TSYS $12.1 million. Sybase said it will appeal the decision.
Timberlands are more widely held as institutional investors seek to broaden their portfolios, The New York Times reported. Investors eyeing the field can look to a number of publicly traded companies, like Weyerhaeuser, (WY) and real estate investment trusts, like Plum Creek, (PCL) Rayonier, (RYN) and Potlatch, (PCH) the paper said. Another timber REIT, Longview, (LFB) has agreed to be acquired by Brookfield Asset Management. (BAM)
Tribune Co.'s (TRB) plan to sell Southern Connecticut Newspapers, the Advocate and Greenwich Time to Gannett Co. fell through after an arbitrator ruled last month that Tribune couldn't sell the papers unless the buyer assumed the existing UAW contract, which Gannett refused to do. Tribune intends to solicit new offers for the newspapers.
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