John J. Edwards III
Divergence looks like the big market story as this week gets underway, with stocks headed up and bonds headed down. As you wait to see which way everything goes on Tuesday, take a break with some post-close items of interest (earnings estimates from
named Jack Bovender president and chief operating officer, succeeding David Vandewater. Vandewater resigned last week amid the federal investigation of alleged Medicare fraud by the hospital chain. Bovender retired as chief operating officer of
Health Corp. of America
in 1994 upon its acquisition by Columbia. He takes over his new position immediately.
Polo Ralph Lauren
(RL:NYSE) reported first-quarter earnings of 17 cents per share, 2 cents better than the five-analyst consensus estimate and up from the year-ago pro-forma 12 cents.
said it is in mediation with
at a federal court's request. Litigation in the companies' ongoing patent dispute has been stayed.
Lone Star Steakhouse
said it expects its third-quarter earnings to be 10 cents to 13 cents per share below analysts' estimates. The 11-analyst outlook is 47 cents versus the year-ago 38 cents.
agreed to buy certain assets from
for $115 million. Lamar is buying some of the assets that Outdoor Systems agreed to buy in its proposed acquisition of
reported second-quarter earnings of 28 cents per share, 2 cents better than the eight-analyst expectation and up from the year-ago 19 cents.
(RARE:Nasdaq) reported second-quarter earnings of 17 cents per share, a penny better than the eight-analyst view but down form the year-earlier 20 cents.
For information on Monday's market activity, see the