Among the companies whose shares are expected to see active trading in Friday's session are Procter & Gamble Co., Weyerhaeuser Co., and Take-Two Interactive Software Inc.

Brookfield Asset Management Inc. (BAM) is expected to report second-quarter earnings of 26 cents a share, according to a survey of analysts by Thomson Financial.

EOG Resources Inc. (EOG) is expected to post earnings of $1.04 a share for the second quarter.

Hercules Offshore Inc. (HERO) is expected to report second-quarter earnings of 67 cents a share.

MetroPCS Communications Inc. (PCS) is expected to report second-quarter earnings of 13 cents a share.

NovaStar Financial Inc. (NFI) is expected to post a loss of $2.28 a share for the second quarter.

Procter & Gamble (PG) is expected to report fourth-quarter earnings of 66 cents a share.

Tim Hortons Inc. (THI) is expected to post earnings of 34 cents a share for the second quarter.

Washington Post Co. (WPO) is expected to report second-quarter earnings of $8.33 a share.

Weyerhaeuser (WY) is expected to post earnings of 39 cents a share for the second quarter.

After Thursday's closing bell, Network Appliance Inc. (NTAP) gave a preliminary first-quarter earnings report, and said its results would come in lower than expected due to weak sales in the U.S. and Europe.

Countrywide Financial Corp. (CFC) , the largest U.S. mortgage lender, tried to soothe liquidity concerns as one of its smaller rivals teeters on the brink of bankruptcy.

Take-Two Interactive Software (TTWO) said it would delay the release of its highly anticipated "Grand Theft Auto IV" video game by as much as six months, and also lowered its forecasts through the end of its fiscal year.

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Activision Inc. (ATVI) swung to a profit in its first fiscal quarter thanks to surging sales of its video-game titles, which include the popular "Guitar Hero" franchise.

Biotechnology company Alkermes Inc. (ALKS) said it swung to a profit in its fiscal first-quarter, as sales rose 34 percent. Cambridge, Mass.-based Alkermes said net income for the period ended June 30 rose to $8.75 million, or 8 cents a share, from a loss of $715 thousand, or 1 cent a share in the period a year earlier. Meanwhile revenue rose to $68.94 million from $51.54 million.

Garbage hauler Allied Waste (AW) posted a second-quarter profit from continuing operations of $91.7 million, or 21 cents a share, up from $36.5 million, or 7 cents a share, a year ago. The most recent quarter included a 2-cent per-share tax related gain. Sales rose 2.3 percent to $1.56 billion, up from $1.52 billion last year thanks to higher prices.

American Home Mortgage Investment Corp. (AHM) , which has already stopped making new loans because of a funding crisis, told its employees that it will shut down Friday, Newsday reported on its Web site. Company founder Michael Strauss said in an email to employees that the Melville, N.Y., lender "has been forced to close," the newspaper said. Calls to company spokeswoman Mary Feder weren't returned.

AmerisourceBergen Corp. (ABC) entered an accelerated repurchase agreement with Bank of America to buy back 5.45 million shares of its common stock for $250 million in cash, or $45.91 a share.

Audible Inc.'s (ADBL) second-quarter net loss narrowed to $125,000, or 1 cent a share, from $2.18 million, or 9 cents a share, a year earlier, boosted by new, higher-revenue members. The Wayne, N.J., Internet-delivered spoken audio content provider's revenue increased 36 percent to $25.9 million from $19.1 million in the year-ago period.

Boston Scientific Corp.'s (BSX) Endosurgery unit will remain part of the company, instead of being spun off in a public offering. The Natick, Mass., medical products company said it expects the unit to generate $1.4 billion in revenue this year, compared with the company's 2006 revenue of $7.82 billion. The company said it will have more to say about the divestiture and head count reduction plans next quarter.

Bristow Group Inc.'s (BRS) fiscal first-quarter net income rose 32 percent to $22.7 million, or 75 cents a share, from $17.2 million, or 73 cents a share, a year earlier, on strong interest income and boosts from unconsolidated affiliates. The Houston oilfield helicopter transport company's revenue for the quarter ended June 30 increased 11 percent to $245 million from $221.1 million.

Cabela's Inc. (CAB) reported second-quarter net earnings of $11.3 million, or 17 cents a share, up 35 percent from $8.36 million, or 13 cents a share, during the year-ago period. The Sidney, Neb.-based sporting goods retailer said revenue rose to $451.2 million from $387.3 million.

CBL & Associated Properties Inc.'s (CBL) second-quarter net income fell 21 percent to $22.7 million, or 17 cents a share, from $28.6 million, or 32 cents a share, a year earlier, due to higher interest and depreciation expenses. Results from the latest quarter were reduced by $2 million for the write-off of costs from the redemption of preferred shares, and $534,000 for an income-tax provision. The year-earlier results included a gain of 13 cents a share from discontinued operations. The Chattanooga, Tenn., real estate investment trust said revenue increased 4.7 percent to $246.5 million from $235.3 million.

Chemtura Corp. (CEM) swung to a second-quarter loss of $2 million, or 1 cent a share, from a year-earlier net income of $1 million, or less than 1 cent a share, a year earlier, as costs rose 11 percent. The company recorded adjusted per-share earnings of 18 cents. The Middlebury, Conn., specialty chemical company's revenue grew 9.1 percent to $1.06 billion from $971 million. Costs grew to $793 million from $713 million in the year-ago period.

Chesapeake Energy Corp. (CHK) said net income in the second quarter rose to $518.1 million, or $1.01 a share, from $359.9 million, or 82 cents a share, in the year-earlier period. The Oklahoma City-based oil and gas producer said revenue for the three months ended June 30 rose 33 perent to $2.1 billion. Excluding special items, the company earned 71 cents in the most recent quarter.

Chiquita Brands International Inc.'s (CQB) second-quarter net income fell 62 percent to $8.6 million, or 20 cents a share, from $22.9 million, or 54 cents a share, a year earlier, as expenses rose 3.2 percent. The latest quarter included a charge of $3 million, or 7 cents a share, related to the settlement of U.S. antitrust litigation. The Cincinnati produce company's net sales rose 2.2 percent to $1.26 billion from $1.23 billion in the year-ago period. Expenses grew to $1.22 billion from $1.18 billion.

Dollar Thrifty Automotive Group Inc. (DTG) said it plans to eliminate about 25 percent of the management positions at its headquarters in Tulsa, Okla., as well as other support staff. The personnel changes are effective immediately, the company said.

EOG Resources Inc.'s (EOG) second-quarter net income fell 7.4 percent to $307.1 million, or $1.24 a share, from $331.4 million, or $1.34 a share, a year earlier, hurt by a 31 percent increase in operating expenses. The Houston energy company's revenue rose 15 percent to $1.06 billion from $919.1 million a year earlier.

GSI Technology Inc.'s (GSIT) first-quarter net income fell 50 percent to $1.05 million, or 4 cents a share, from $2.11 million, or 9 cents a share, a year earlier, as revenue dropped 19 percent. The Santa Clara, Calif., company's revenue declined to $11.3 million from $14 million in the year-ago period.

Healthtronics Inc.'s (HTRN) second-quarter net income fell 87 percent to $179,000, or 1 cent a share, from $1.37 million, or 4 cents a share, a year earlier, as revenue fell 2.5 percent. The Austin, Texas, urology products company's revenue dropped to $35.6 million from $36.5 million in the year-ago period.

InterMune Inc.'s (ITMN) second-quarter loss narrowed to $19.8 million, or 58 cents a share, from $44 million, or $1.33 a share, a year earlier, on a $10 million development milestone payment. The year-ago loss included a $30 million provision related to a settlement with the government, the Brisbane, Calif., biotechnology company said. Revenue increased 5.1 percent to $25.4 million from $24.1 million a year ago.

Kosan Biosciences Inc.'s (KOSN) second-quarter loss widened to $10.8 million, or 25 cents a share, from $6.79 million, or 20 cents a share, a year earlier. The Haywood, Calif., biotechnology company said revenue fell 17 percent to $2.21 million from $2.67 million a year ago.

Long Drug Stores Corp. (LDG) July same-store drug store sales rose 1.7 percent from a year ago. The Walnut Creek, Calif., drug-store chain put sales from continuing operations for the four weeks ended July 26 at $359 million, up 2.9 percent from $349 million a year earlier. Second-quarter comparable sales increased 1 percent, while total sales increased 2.9 percent to $1.2 billion, the company said.

Maxim Integrated Products Inc. (MXIM) reported its fiscal fourth quarter sales grew 4 percent to $531.1 million from $510.6 million a year ago. The chipmaker didn't report a per-share figure due to a pending review of its stock-option accounting. Maxim also said it's increased its quarterly dividend by 20 percent. A cash dividend for the fourth quarter of $0.1875 per share will be paid on September 7 to stockholders of record on August 23. Based in Sunnyvale, Calif., Maxim makes so-called analog chips used in diverse markets, such as automotive, computing, portable consumer electronics and telecommunications infrastructure.

Molina Health Care Inc. (MOH) said its second-quarter profit rose slightly, while sales rose 27 percent. Long Beach, Calif.-based Molina said net income for the period ended June 30 rose to $13.31 million, or 47 cents a share, compared to $13.15 million, or 47 cents a share in the period a year earlier. Meanwhile revenue rose to $613.89 million, from $484.63 million.

Multi-Fineline Electronix Inc. (MFLX) swung to a fiscal third-quarter loss of $6.71 million, or 27 cents a share, from a profit of $8.29 million, or 32 cents a share, a year earlier, on a substantial sales decline to its largest customer. The loss also includes a $4.8 million charge related to Multi-Fineline's conditional offer to acquire MFS Technology Ltd. The Anaheim, Calif., flexible circuit boards maker's sales for the quarter ended June 30 fell 20 percent to $104.1 million from $130.3 million a year ago.

National Fuel Gas Co.'s (NFG) second-quarter net income grew to $46.8 million, or 55 cents a share, from a year-earlier profit of $111,000, or less than 1 cent a share. Excluding reversal of a reserve, income was $42 million, or 49 cents a share. The Williamsville, N.Y., energy company's operating revenue increased to $463.1 million, from $415.5 million a year earlier.

Newpark Resources Inc.'s (NR) second-quarter net income declined 11 percent to $5.3 million, or 6 cents a share, from a year-earlier profit of $5.93 million, or 7 cents a share. Net income from continuing operations grew to $8.24 million, or 9 cents a share, from $6.86 million, or 8 cents a share a year earlier. The Metairie, La., oil-field machinery company's revenue grew nearly 4 percent to $167.1 million, from $160.7 million a year earlier.

Odyssey Re Holdings Corp. (ORH) said its second-quarter profit fell compared to the period a year earlier. Stamford, Conn.-based Odyssey Re said net income for the period ended June 30 fell to $145.5 million, or $2.02 a share, compared to $207.6 million, or $2.87 a share in the period a year earlier. Meanwhile revenue fell to $1.39 billion from $1.62 billion.

Openwave Systems Inc. (OPWV) named new senior managers as the software company reported a wider fiscal-fourth-quarter loss. Openwave posted a net loss of $91.8 million, or $1.11 a share, compared with a net loss of $5.1 million, or 6 cents a share, in last year's same period. The wider loss was partly due to discontinued operations and other special items. For the three months ended June 30, Openwave reported revenue of $68.1 million, down from $83.5 million a year ago. On the executive front, Dr. Jean-Yves Dexmier was named chief financial officer, replacing Harold Covert, who has decided to leave for personal reasons. John Boden, a former Nortel executive, was named senior vice president of product management. Michael Wallis-Brown, a former Nokia executive, was tapped to be general manager for the Asia-Pacific region.

Playtex Products Inc.'s (PYX) second-quarter net income rose 50 percent to $15.6 million, or 24 cents a share, from $10.3 million, or 16 cents a share, a year earlier, as revenue rose 31 percent. Excluding items, Playtex earned 26 cents a share. The Westport, Conn., company's revenue grew to $235.7 million form $180.3 million in the year-ago period. On average, analysts expected per-share earnings 20 cents on revenue of $223.9 million, according to a poll by Thomson Financial. The company said it is "on target" to meet its full-year guidance.

Walter Industries Inc.'s (WLT) second-quarter net income dropped 72 percent to $18.1 million, or 34 cents a share, from $64 million, or $1.24 a share, a year earlier, due in part to increased production costs and lower sales prices in certain units. The Tampa-based coal, natural gas and homebuilding company's income from continuing operations fell to $17.8 million, or 33 cents a share, from $44.2 million, or 86 cents a share, a year earlier. The company's revenue fell 7 percent to $296.5 million from $319 million in the year-ago period, due to lower metallurgical coal sales prices and volumes at Natural Resources and higher demurrage charges.

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