Boeing Replaces CEO

Sony appoints U.S. operations head as CEO; Qualcomm rises on raised earnings forecast; plus more of Monday's stocks in the news

Boeing (BA ) appointed CFO James Bell as President and CEO on an interim basis, replacing Harry Stonecipher who was asked to resign due to his personal relationship with a female Boeing executive who did not report directly to him.

Sony Corp. (SNE ) gains after CEO Nobuyuki Idei resigned and handed reins to Howard Stringer, head of U.S. operations, according to the Wall Street Journal.

Qualcomm Inc. (QCOM ) cuts $1.35 billion to $1.45 billion second-quarter revenue forecast to $1.35 billion to $1.40 billion on GAAP basis, but raises 24 cents to 26 cents earnings per share forecast to 25 cents to 27 cents (both including a penny loss attributable to the QSI segment). S&P reiterates strong buy.

Insiders at Martha Stewart Living (MSO ) sold nearly 5 million Martha Stewart shares compared with total purchases of 500,000, according to Barron's.

GE (GE ) is to sell up to 82 million shares of Genworth Financial (GNW ) through a secondary public offering and a sale to Citigroup Global Markets, an affiliate of which intends to conduct public offering of security exchangeable for Genworth shares.

Cisco Systems (CSCO ) rises after having slimmed to a market p-e. The tech giant may start attracting new crowd: value investors, according to Barron's.

Capital One Financial (COF ) agreed to acquire New Orleans-based lender Hibernia Corp. (HIB ) in a cash and stock deal valued at $5.3 billion. Terms of the agreement give cash or Capital One stock valued at $15.35, plus the value at closing of 0.2261 Capital One Share, giving a total per-share value of about $33 per Hibernia share.

Medarex Inc. (MEDX ) and Bristol-Myers (BMY ) announced results of an early clinical study with investigational fully human anti-CTLA-4 antibody, MDX-010, in which eight of 36 patients with metastatic melanoma experienced objective clinical responses.

Marvel Enterprises (MVL ) posted 27 cents, vs. 12 cents fourth-quarter earnings per share on a 17% sales rise. The company sees 25 cents to 29 cents first-quarter earnings per share, abd $1.07 to $1.12 2005 earnings per share.

Royal Caribbean (RCL ) signs a letter of intent with Aker Finnyards in Finland to add a third ship to its Freedom class of vessels now being built for Royal Caribbean. The company estimates the cost of the third ship at $230,000 per berth, at current exchange rates.

Boston Scientific (BSX ) says 9-month results from the Taxus V clinical trial, confirming safety and efficacy of Taxus Express2 paclitaxel-eluting coronary stent system for treatment of coronary artery disease, met its primary and secondary endpoints.

Banc of America upgrades AnnTaylor (ANN ) to buy from neutral.

Celgene Corp. (CELG ) says an external Independent Data Monitoring Committee analyses of both Phase III Special Protocol Assessment multiple myeloma trials of Revlimid exceeded pre-specified p

Prudential upgrades Talbots Inc. (TLB ) to overweight from underweight.

Vascular Solutions (VASC ) receives approval from the Japanese Ministry of Health and Labor & Welfare for the Pronto extraction catheter, which is designed for mechanical aspiration removal of acute thrombus from the arterial system.

Piper Jaffray reportedly downgrades Research In Motion (RIMM ) to market perform from outperform.

Walter Industries (WLT ) ups 2005 earnings per share guidance by 30 cents to $2.50 to $3.10. The company cites better-than-expected pricing on Jim Walter Resources' metallurgical coal contracts.

Maxcor Financial Group (MAXF ) says it is holding preliminary discussions with a potential acquirer.

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