H&R Block Inc. (HRB): Mark Ernst, who was ousted as chief executive officer and chairman of the biggest U.S. tax preparer in November, resigned from the board Dec. 28. Ernst will receive a cash severance payment of $2.55 million, the company said in a regulatory filing Dec. 31. The shares added 48 cents, or 2.7 percent, to $18.57 in regular U.S. trading.
Lockheed Martin Corp. (LMT): The world's largest defense company won an order valued at $498.2 million to supply F-16 fighter jets to Pakistan, the Pentagon said in a statement Dec. 31. The shares dropped $1.52, or 1.4 percent, to $105.26.
Nautilus Inc. (NLS): The maker of Bowflex and Stairmaster exercise machines said all four nominees supported by Sherborne Investors LP were elected to its board. Edward Bramson was elected chairman, the company said in a statement on Dec. 31. Robert Falcone will remain president and chief executive officer, Nautilus said. The shares slipped 24 cents, or 4.7 percent, to $4.85.
PHH Corp. (PHH): The New Jersey-based mortgage and vehicle leasing company scrapped its $1.8 billion sale to General Electric Co. and Blackstone Group LP because Blackstone failed to get financing for the transaction. The shares dropped 14 cents, or 0.8 percent, to $17.64 on Dec. 31.
VeriFone Holdings Inc. (PAY): The biggest maker of electronic-payment equipment said it doesn't expect to complete restatements of financial results before March, which would miss a U.S. Securities and Exchange Commission deadline. The shares declined 35 cents, or 1.5 percent, to $23.25.
Watch CNQ, PEG, DE, MOS, HAE for long breakouts.Watch FDX, BDK, IHP, XL, STU for short breakdowns.
-MM
