Inhale Therapeutics

(INHL)

announced that it and drug giant

Eli Lilly

(LLY) - Get Report

will work together to create an inhaleable version of bone-forming drug, Forteo, which is used in the treatment of osteoporosis.

Earnings/revenue reports and previews

Grocery store owner,

Albertson's

(ABS)

, announced that same-store sales rose 0.9% during August.

McGraw-Hill

(MHP)

said its purchase of Tribune Education, which closed on Tuesday, will dilute its 2000 earnings by two to four cents more than its original five-cent dilutive estimate.

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Offerings and stock actions

Semiconductor manufacturer

Avnet

(AVT) - Get Report

announced a two-for-one stock split for shareholders of record on September 18. The company said the additional shares would be distributed on September 28.

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Miscellany

Shipping giant

OMI

(OMM)

announced that it has named Kathleen Haines as its new CFO and treasurer. She had previously served as a vice president and controller for OMI and replaces Vincent Desosta.

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