SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Monday's session are Harman International Industries and Analogic Corp.
Analogic Corp. (ALOG) is expected to report earnings of 57 cents a share for its fiscal fourth quarter, according to a Thomson Financial survey of analysts.
FIF Financial Federal (FIF) is forecast to report earnings of 49 cents a share for its fiscal fourth quarter.
NaviSite Inc. (NAVI) is expected to post a per-share loss of 8 cents for its fiscal fourth quarter.
Synnex (SNX) is expected to post fiscal third-quarter earnings of 46 cents a share.
AMR Corp. (AMR) said it expects passenger unit revenue at its main American Airlines carrier to rise between 4% and 5% in the third quarter from a year ago, while revenue per available seat mile across its entire system rises 3.7% to 4.7%. Fuel prices are likely to average $2.21 a gallon, lower than the $2.24 forecast in July, said AMR in a regulatory filing.
Fidelity National Information Services Inc. (FIS) completed the sale of its Property Insight unit to title insurance company Fidelity National Financial Inc. (FNF) . Fidelity National Information expects the deal to lower its third-quarter earnings by about 1 cent a share, and fourth-quarter earnings by about 2 cents a share, exclusive of a gain on the sale.
Gap Inc. (GPS) named Todd Oldham design creative director of Old Navy, effective Oct. 1. Oldham will also launch a merchandise line under the Todd Oldham name, to be sold exclusively at the Old Navy stores.
General Motors Corp. (GM) and the United Auto Workers returned to the bargaining table Friday, reportedly turning their attention to wages after failing to make headway on the crucial topic of worker-managed health care. See full story.
GlaxoSmithKline PLC (GSK) received an approvable letter from the Food and Drug Administration for Lamictal XR Extended Release Tablets, a once-daily epilepsy treatment. The FDA's decision doesn't affect the current formulation of Lamictal, which is a twice-daily immediate-release drug.
Harman International (HAR) said that KKR and Goldman's GS Capital Partners VI Fund LP don't intend to complete an $8 billion leveraged buyout of the stereo and audio equipment maker. The companies said they believe there was a "material adverse change" in Harman's business, and that Harman breached the merger agreement. Harman said it disagrees. According to the merger agreement, KKR and Goldman are required to pay a $225 million termination fee for calling the deal off.
Saks Inc. (SKS) said its board indemnified certain of its current and former officers and employees for legal fees and expenses during an audit committee investigation in 2005 or a related government investigation, as well as a derivative litigation dismissed earlier this year. The board found that the conduct of the individuals was in good faith, and that each believed his or her conduct was in the retailer's best interest.
Target Corp. (TGT) will hold a mid-month sales conference call.
TJX Cos. (TJX) has agreed to settle customer class-action lawsuits in the U.S. and Canada related to claims arising from the criminal intrusions into TJX's computer system.