Times Mirror

(TMC)

reported fourth-quarter earnings of 93 cents a share, topping the 12-analyst

First Call

outlook of 84 cents and the year-ago 79 cents.

AMR's

(AMR)

American Airlines

said it will consider taking legal action if its pilots union continues a slowdown that the airline says cancelled 500 flights today and around 290 over the weekend. The company said the union is encouraging members to call in sick and refuse to volunteer for overtime because of frustration over AMR's integration of

Reno Air

(RENO)

.

In other postclose news (earnings estimates from First Call; earnings reported on a diluted basis unless otherwise specified):

Earnings/revenue reports and previews

Grey Wolf

(GW)

said it will record a fourth-quarter charge of $93 million for asset impairment.

K-Swiss

(KSWS)

reported fourth-quarter earnings of 65 cents a share, blowing away the four-analyst forecast by 11 cents and coming in ahead of the year-earlier 22 cents, and announced a 2-for-1 stock split.

Transport Corporation of America

(TCAM)

reported fourth-quarter earnings of 38 cents a share, including a 7-cent charge for the sale of a unit. The four-analyst estimate called for operating earnings of 36 cents vs. the year-ago 34 cents.

In other earnings news:

Mergers, acquisitions and joint ventures

CTG Resources

(CTG) - Get Report

said it received an unsolicited offer for its district heating and cooling assets from the

Connecticut Resources Recovery Authority

for an undisclosed amount.

Offerings and stock actions

HealthSouth

(HRC) - Get Report

traded as high as 15 from a New York close of 14 3/16 in after-hours trading following word that the company plans to buyback 70 million shares valued at $1 billion. The company also said it expects to report an unrelated restructuring fourth-quarter charge of $310 million.

3M

(MMM) - Get Report

approved a repurchase plan to buy back up to 12 million shares.

Network Solutions

(NSOL)

, which fell 11.6%

today on worries about a government anti-monopoly measure, priced its 4.7 million-share secondary offering at $170 a share, according to

CNBC

.