were among the
winners Monday, gaining 5% after the retailer named a new CEO and said it plans to put its Parisian chain on the block.
Saks promoted Stephen Sadove, currently vice chairman and chief operating officer, to the chief executive position. Sadove replaces R. Brad Martin, who will remain chairman. In other management moves, the company eliminated the position of chairman and CEO of its Saks Fifth Avenue Enterprises division. Fred Wilson, who had held those roles, will leave the company. Sadove will assume Wilson's responsibilities.
Saks also announced plans to explore strategic alternatives for its Parisian specialty department store business, which had 2005 revenue of about $700 million. The chain has 40 stores in nine states. The move comes as Saks has been shedding its slower-growth assets. The company sold its Proffitt's/McRae's business for $623 million in July, and is in the midst of selling its Northern Department Store Group to
for $1.185 billion, a deal that is expected to close in the fiscal first quarter. Saks shares recently were up 94 cents to $18.80.
shares jumped 11% after the specialty materials company put its fourth-quarter results above its prior forecast. Rogers expects to report fourth-quarter earnings of 52 cents to 54 cents a share, up from its earlier guidance of 40 cents to 44 cents. Analysts polled by Thomson First Call have an average estimate for earnings of 42 cents a share. The company lifted its sales projection to $97 million from $85 million to $88 million. Rogers said its circuit-material and high-performance foams product lines had strong sales. Shares gained $4.26 to $45.36.
shares fell 6% after the radio and television-broadcasting company posted a sharp drop in third-quarter earnings from continued operations. Including gains from asset sales, Emmis posted net income of $197.8 million, or $5.30 a share, up from $17.6 million, or 31 cents a share, a year earlier. Earnings from continuing operations, however, fell to $2.5 million, or 1 cent a share, from $6.3 million, or 7 cents a share, a year earlier. Analysts, on average, predicted a loss of 1 cent a share on this basis. Emmis reported revenue of $100.5 million, topping analysts' forecast of $99.4 million. For the fourth quarter ending in February, Emmis expects its pro forma radio revenue will be up 1% to 2%, with station operating expenses up 5% to 7%. The company's shares were down $1.34 to $19.35.
rose 4% after the toymaker signed a license deal with
( MVL) for the rights to super hero names such as Spider-Man, Fantastic Four, X-Men and Captain America. The five-year license gives Hasbro the right to market Marvel-based toy products beginning Jan. 1, 2007, with the first products expected to be based on Ghost Rider and the
movie. Marvel will receive $205 million in royalty and service-fee payments. Hasbro shares traded up 79 cents to $20.78, while Marvel rose 35 cents, or $2.10, to $17.04.
shares fell 2% after the metal recycler posted lower first-quarter earnings. Schnitzer's profit for the quarter ended Nov. 30 fell to $41.5 million, or $1.34 a share, from $42.9 million, or $1.38 a share, a year earlier. The results included a gain on an asset sale, as well as a charge related to the settlement of an investigation into past payment practices in Asia. Excluding items, earnings were $19 million, or 61 cents a share. Revenue, meanwhile, jumped to $389 million from $199 million. Schnitzer shares recently were down 72 cents to $30.95.
The most heavily traded shares on the NYSE Monday included
( LU), down 4 cents to $2.73;
, up 98 cents to $21.78;
, up $1.17 to $31.15;
, up 16 cents to $8.68;
, up 95 cents to $22.14;
, down 3 cents to $13.70;
, down 18 cents to $35.29;
, down 21 cents to $19.53;
( NT), up 2 cents to $3.42; and
, down 53 cents to $25.71.
volume leaders included
, down 13 cents to $4.58;
Sirius Satellite Radio
, up 14 cents to $6.68;
, up 22 cents to 18.99;
, up 8 cents to $22.99;
, down 26 cents to $12.86;
, down $1.36 to $20.70;
, up 17 cents to $26.48;
, up $3.07 to $77.02;
, up 3 cents to $76.33; and
, up 38 cents to $19.39.