Fed Ex and Homeside Beat Estimates

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The weekend is so distant, even talk of Sunday's

NFL

action is starting to fade. Relegated to memory are Drew Bledoe's exploits. Tonight's dinnertime chatter will revolve around the

Microsoft

(MSFT) - Get Report

blowout and what the consequences for Tuesday's trading will be. Just to make things a little more difficult, we scanned the news reports for these late-breaking items. Hope they don't cause too much indigestion.

Citizens Bancschares

(CICS)

and

UniBank

announced a $52.5 million agreement that makes UniBank an affiliate of the giant holding company,

Reuters

reported.

Federal Express

(FDX) - Get Report

reported first quarter earnings of $1.22 per share versus 54 cents a year earlier. Consensus estimate had seen earnings at 75 cents per share, according to

First Call

, which tracks analysts' estimates. The net income figure included one-time gains related to the UPS strike.

Homeside

(HSL)

reported second quarter earnings of 46 cents per share versus 29 cents the previous year. Consensus estimate had earnings at 44 cents per share.

Turner Classic

, a division of

Time Warner

(TWX)

, acquired the rights to 144 films, including classics like "Rebel Without a Cause" and "A Streetcar Named Desire."

Aircraft engine component maker

Rohr

(RHR)

announced that it has canceled merger discussions with an unnamed mate. Say it ain't so.

Western Resources

(WR)

says it sold its holding in

Tyco

(TYC)

to

Merrill Lynch

(MER)

.

York

(YRK)

said it saw third quarter earnings of 55 cents per share versus 88 cents per share the previous quarter. The street had seen 83 cents per share.

American Pad and Paper

(AGP)

warned third quarter earnings would be between five and six cents per share compared to 30 cents a year earlier. The First Call consensus estimate was for 42 cents per share.