Stocks to Watch, Sept. 1.: Starbucks and H&R Block

Among the companies whose shares are expected to see active trade in Friday's session are Starbucks Corp., H&R Block Inc. and Intergraph Corp.

After Thursday's closing bell, Starbucks (SBUX) said its consolidated net revenues for August were up 21 percent from year-ago levels, largely on new outlets, while same-store sales gained 5 percent.

H&R Block (HRB) reported a bigger net loss during its fiscal first quarter as the tax-preparation company was hampered by loss provisions of more than $100 million in its mortgage-services business.

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Angelica Corp. (AGL) said it has signed an agreement with Steel Partners II L.P., which holds a 19 percent stake in the company. St. Louis-based Angelica said it agreed to name two Steel representatives, James Henderson and John Quicke, to its board.

A federal judge has dismissed an antitrust suit filed by Broadcom Crop. against Qualcomm Inc. (QCOM) , according to a media report. The suit accused Qualcomm of monopolistic tactics in the advanced cellular phones and associated semiconductors market, according to The Wall Street Journal.

Career Education Corp. (CECO) said Kenneth Shore will be stepping down as group president of the Gibbs division. Virginia Carpenter, the division's managing director, will assume operational responsibilities.

Denny's Corp. (DENN) said August same-store sales for company-owned restaurants rose 4.1 percent from the same period in the prior year. The restaurant operator added that the monthly guest check average rose 3.6 percent.

Dentsply International Inc. (XRAY) said it has sold its dental injectable anesthetic facility and equipment located near Chicago to Pierrel SpA of Milan, Italy for $19.5 million.

Dyax Corp. (DYAX) shares fell 13 percent after the company said it has received guidance in a recent meeting with the Food and Drug regarding the company's DX-88, an orphan-drug candidate for treatment of acute attacks of hereditary angioedema.

Electronic Arts Inc. (ERTS) estimated that it has sold more than 2 million copies of its Madden NFL 07 game in the first week. The Redwood City, Calif.-based video game company said it was the best first week performance in the 17-year history of the game franchise.

Esterline Corp. (ESL) said third-quarter net income fell to $11.2 million, or 43 cents a share, from $11.9 million, or 46 cents a share, during the same period in the prior year. Quarterly revenue rose to $248.4 million from $209.9 million in the prior year.

GenCorp Inc. (GY) unit Aerojet said it will produce key propulsion elements for Lockheed Martin Corp. (LMT) and Orbital Sciences Corp. for Orion, NASA's next-generation space system. See related story.

Ingram Micro Inc. (IM) said it still expects third-quarter net earnings of $49 million to $56 million, or 29 cents to 33 cents a share, on revenue of $7.3 billion to $7.5 billion.

Intergraph (INGR) , a provider of specialty software, said it has agreed to be acquired by a group of private-equity investors in a deal worth around $1.3 billion.

Kellwood Co. (KWD) reported second-quarter net earnings of $7.17 million, or 28 cents a share. During the same period a year ago, the St. Louis-based apparel company posted a net loss $78.9 million, or $2.84 a share.

Longs Drug Stores Corp. (LDG) said August retail drug same-store sales rose 2 percent from last year, while pharmacy same-store sales increased 6 percent and front-end same-store sales fell 1.6 percent.

Medarex Inc. (MEDX) said it has received a notice of default from Citadel Equity Fund Ltd. relating to Medarex's 2.25 percent convertible senior notes in the amount of $150 million.

Monster Worldwide Inc. (MNST) said it is selling its TMP Worldwide Advertising & Communications business in North America to Veronis Suhler Stevenson in a $45 million deal. The sale completes the divestiture of Monster Worldwide's global recruitment advertising agency business.

Northrop Grumman Corp. (NOC) said it has won a $95.8 million contract for the detail design of the Navy's 21st century DDG 1000 destroyer. The contract runs through September 2007, and when fully funded will total more than $300 million through 2013.

OmniVision Technologies Inc. (OVTI) said first-quarter net income rose to $15.9 million, or 28 cents a share, from $14.4 million, or 25 cents a share, during the same period in the prior year. Quarterly revenue rose to $136.9 million from $96 million in the prior year.

Open Text Corp. (OTEX) reported fourth-quarter net earnings of $7.8 million, or 16 cents a share, up 55 percent from $5.03 million, or 10 cents a share, during the year-ago period. The Waterloo, Ontario-based software company posted revenue of $105.2 million vs. $109.4 million.

Openwave Systems Inc. (OPWV) said it plans to reduce its worldwide staff by about 65 people and eliminate four senior management positions to streamline its management team.

Peerless Systems Corp. (PRLS) shares fell 27 percent after the company said it swung to a second-quarter net loss as revenue fell. Peerless also lowered its view for full-year net income to $3 million to $4 million, versus a prior forecast of $6 million.

Protective Life Corp. (PL) said Allen Ritchie, chief financial officer, is being promoted to head of life insurance operations. Gary Corsi, who has most recently served as CFO for Sun Life Financial Inc.'s (SLF) U.S. life insurance subsidiary, will succeed Ritchie.

Take-Two Interactive Software Inc. (TTWO) said current analyst consensus estimates of per-share earnings for the third quarter are "too high." The New York-based video game company said that analyst estimates for fourth-quarter EPS and revenue were also too high.

Teekay Shipping Corp. (TK) said it has acquired more than 40 percent of the shares of Petrojarl ASA.

Tim Hortons Inc. (THI) said its board has approved a share buyback program for up to C$200 million ($181 million), not to exceed 5 percent of its current outstanding shares.

Transocean Inc. (RIG) said it has won a drilling contract from Chevron Corp. (CVX) for the construction of an enhanced Enterprise-class drillship. Chevron has awarded Transocean a 5-year contract that could generate revenue of $862 million.

VeriFone Holdings Inc. (PAY) said third-quarter net income rose to $16.8 million, or 24 cents a share, from $6.54 million, or 10 cents a share, during the same period in the prior year. VeriFone said quarterly revenue rose to $147.6 million from $125.7 million in the prior year.

Wendy's International Inc. (WEN) said its board has approved distributing a special dividend to shareholders of its 160 million Tim Hortons Inc. (THI) shares. Wendy's will distribute the stock on Sept. 29 to its own shareholders as of Sept. 15.

Wind River Systems Inc. (WIND) reported second-quarter revenue of $73.5 million compared with $66.7 million a year ago. The Alameda, Calif.-based maker of device optimization software posted limited results due to its internal stock option review.

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