Stocks to Watch: Best Buy, Apple, Lockheed

Best Buy is to hire Sharon McCollam as its next chief financial officer; Apple and HTC settle their patent dispute.
By Joseph Woelfel ,

NEW YORK --

Best Buy

(BBY) - Get Report

will hire Sharon McCollam, the former

Williams-Sonoma

(WSM) - Get Report

chief financial officer, as its next finance chief.

McCollam plans to join Best Buy, the electronics retailer that is undergoing a broad restructuring, at the end of the year, according to

The Wall Street Journal

, which cited an anonymous source close to the company.

McCollam will step out of a retirement that began in March, the report said.

Last month, Best Buy said CFO Jim Muehlbauer would leave at the end of the fiscal year.

Best Buy to Hire Sharon McCollam as CFO: Report

Apple

(AAPL) - Get Report

and Taiwanese gadget manufacturer

HTC

have settled their patent dispute.

The global settlement, terms of which are confidential, dismisses all existing lawsuits and includes a 10-year license agreement.

The license agreement applies to current and future patents held by Apple and HTC, which makes smartphones and tablet computers that use the

Google

(GOOG) - Get Report

Android and

Microsoft

(MSFT) - Get Report

Windows Phone operating systems.

Apple, HTC Settle Patent Dispute

Lockheed Martin

(LMT) - Get Report

has ousted its president and chief operating officer, Christopher Kubasik, after an investigation found he had a relationship with a subordinate.

Kubasik was scheduled to become CEO of the defense company in January.

The company named Marillyn Hewson to assume the CEO role, effective Jan. 31. Hewson, most recently executive vice president of Electronic Systems at the company, took on the president and operating chief positions immediately as well.

Lockheed Martin, Myrexis: After-Hours Trading

The

Securities and Exchange Commission

won't charge any individuals in its planned enforcement action against

JPMorgan Chase

(JPM) - Get Report

for the allegedly fraudulent sale of mortgage bonds, the

Journal

reported, citing people close to the investigation.

The bank will pay a significant financial penalty under the proposed deal, people close to the probe told the newspaper.

The settlement stems from a wide-ranging SEC probe that dates back to 2010. The proposed deal wouldn't require JPMorgan to admit to wrongdoing or face any allegations against any current or former executives, the people added, the

Journal

reported.

Homebuilder

D.R Horton

(DHI) - Get Report

is expected by analysts Monday to post fiscal fourth-quarter earnings of 28 cents a share on revenue of $1.35 billion.

Beazer Homes

(BZH) - Get Report

is forecast to post a fiscal fourth-quarter loss of $1.22 a share on revenue of $335.1 million.

-- Written by Joseph Woelfel

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Joseph Woelfel

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