By Carolyn Pritchard, CBS MarketWatch.com
Among the companies whose shares are expected to move in Tuesday's session after market reopens following the Presidents Day holiday are Abercrombie & Fitch /zigman2/quotes/206677024/composite ANF +1.69% . The clothing retailer is expected to post fourth-quarter earnings of 95 cents a share, according to analysts polled by Thomson First Call.
Electronics and testing equipment maker Agilent Technologies /zigman2/quotes/207081878/composite A -0.41% is seen reporting a fiscal first-quarter profit of 22 cents a share.
For its fiscal first quarter, farm machinery maker Deere & Co. /zigman2/quotes/207941296/composite DE -0.33% is expected to post earnings of 52 cents a share.
Network Appliance /zigman2/quotes/209297588/composite NTAP +2.25% , a maker of network storage and storage management equipment, is seen posting a 10-cent per-share profit for its fiscal third quarter.
Teva Pharmaceutical's /zigman2/quotes/205657894/composite TEVA +0.10% fourth-quarter results are expected to show a profit of 56 cents a share.
North Fork Bancorp. said Monday that it will buy GreenPoint Financial in an all-stock deal worth $6.3 billion, creating the largest regional bank in the New York City metro area and the 16th-largest U.S. bank holding company. Under terms of the agreement, GreenPoint shareholders will receive 1.0514 shares of North Fork common stock for each GreenPoint share held, valuing GreenPoint shares at $46 based on North Fork's closing price Friday. See full story. Shares of GreenPoint, based in Lake Success, N.Y., ended Friday's session at $46.83, up 0.9 percent. North Fork shares lost 0.4 percent to $43.75.
AT&T Wireless called a board meeting Monday to consider supporting a buyout offer that could value the company at more than $38 billion, according to reports citing people familiar with the talks. Vodafone /zigman2/quotes/202862751/composite VOD -0.89% continued to maintain silence on numerous reports that it submitted a bid Friday to buy U.S. operator AT&T Wireless for around $35 billion, or about $13 a share. Separately, the Wall Street Journal reported Monday that Vodafone and Cingular Wireless may have upped their offers Sunday from about $35 billion to around $38 billion, driving the bids close to $14 a share. See full story.
DaimlerChrysler AG on Thursday will announce a new head for its Mercedes unit and a chief operating officer for its Chrysler division as part of expected changes in its senior management staff, according to a report. The online version of the Wall Street Journal cited people familiar with the matter Monday as saying that Chrysler's current COO, Wolfgang Bernhard, will be named head of Mercedes, replacing Jürgen Hubbert, who has reached retirement age. Tom LaSorda, the Chrysler manufacturing chief, will be named Chrysler's COO, the WSJ reported. The moves are scheduled to be approved at a meeting of the company's supervisory board on Wednesday, according to the Journal. The automaker is due to release its 2003 results on Thursday. Shares of DaimlerChrysler ended Friday's session down $1.15, or 2.4 percent, at $46.35.
Kuwait's parliament voted unanimously Monday to investigate whether a Kuwaiti supplier to a subsidiary of Halliburton /zigman2/quotes/210488727/composite HAL -4.20% overcharged for fuel deliveries to Iraq after Saddam Hussein was forced from power by the U.S.-led war, according to press reports. Separately, Halliburton said it has temporarily suspended certain invoicing of subcontractor food services for U.S. soldiers as it works with the Army to reconcile the differences between meals ordered by the Department of Defense and the number of meals actually served to the troops. See full story. Shares of Halliburton closed Friday at $31.64, up a penny.
Wal-Mart Stores /zigman2/quotes/207374728/composite WMT +0.55% , the nation's largest retailer, said early Monday that February same-store sales were tracking near the high end of its forecast of a 3 to 5 percent over the same period last year. The company said the strongest items for the week ended Feb. 16 at U.S. stores open at least a year included food, girls' and men's apparel, outerwear, pharmaceuticals, and Valentine's Day items, according to its weekly sales update recording. Wal-Mart will report its fourth-quarter results on Feb. 19. Shares of Wal-Mart finished Friday's session down 66 cents at $56.32.
Illinois Tool Works /zigman2/quotes/208031922/composite ITW +0.38% on Monday reaffirmed its earnings forecast for both the first quarter and the year. The Glenview, Ill.-based diversified manufacturer said it continues to see first-quarter earnings from continuing operations of 73 cents to 81 cents a share. For the year, Illinois Tool reaffirmed its forecast for earnings from continuing operations of between $3.66 and $3.96 a share. See full story.
Bally Total Fitness Holding agreed Monday to a number of reforms of its sales and advertising practices, settling an investigation by New York Attorney General Eliot Spitzer's office. Since 1999, hundreds of consumers have complained that deceptive ads and high-pressure sales tactics used by Bally tricked them into signing long-term contracts and misrepresented the total price of the memberships, according to a statement released by Spitzer's office. See full story. Shares of Bally closed Friday at $6.62, down 8 cents.
ABX Air's long-term contracts and potential for higher sales make the cargo airline a good investment prospect, Barron's said in its Sizing Up Small Caps column Saturday. See full story.
Advanced Micro Devices /zigman2/quotes/208144392/composite AMD +2.53% and the other 15 chip-related stocks on the Philadelphia Semiconductor Index /zigman2/quotes/210598361/realtime SOX +1.12% were flagged as overpriced Saturday in Alan Abelson's Barron's column. Citing data from Fred Hickey's High Tech Strategist newsletter, Abelson noted the average 36 price-to-earnings multiple of the index stocks, compared with a 10-year average of 20, plus a 5.5 price-to-sales ratio compared with a 10-year average of 2.6.
American Capital Strategies said late Friday that it invested $21.6 million in Nivel Parts & Manufacturing, a distributor of golf-cart parts. American Capital will hold an 11 percent stake in Nivel after the transaction closes.
Ameritrade , the online brokerage, said late Friday that it completed the purchase of about 11,000 online accounts from BrokerageAmerica. The accounts will switch to their new platform on Monday.