Markets & Finance

Steve Jobs Reportedly Got 7.5 Million of Unauthorized Options


Apple Computer (AAPL) CEO Steve Jobs was handed 7.5 million of stock options in 2001 without required authorization from the company's board of directors, according to people familiar with the matter: Financial Times.

Giant Industries (GI) Says all operating units in its Ciniza refinery have been temporarily shut down due to a fire. Giant Industries is evaluating the timing to repair the damaged area and to restart the operating units, as well as the impact on ongoing operations.

Star Gas Partners (SGU) Due to a previously announced assessment of its accounting treatment and disclosures on certain derivative deals under SFAS 133, the company plans to restate fiscal year 2004, fiscal year 2005, the third and second quarter of fiscal year 2006, the first quarter of fiscal year 2005, and selected financial data for fiscal year 2001 to fiscal year 2005.

Christopher & Banks (CBK) Posts 7% lower Dec. same-store sales and flat total sales.

Alliance Data Systems (ADS) Says its Epsilon unit is to acquire Abacus from DoubleClick for $435 million cash. Expects the acquisition to be a minimum of $0.05 accretive to cash earnings per share (EPS) in 2007 and neutral to GAAP earnings.

Eaton Corp (ETN) is to purchase AT Holdings Corporation, the parent of Argo-Tech Corp., for $695 million.

Openwave Systems (OPWV) Harbinger Capital files a preliminary proxy with the SEC seeking to fill two board seats; recommends setting unified vision, phasing out non-performing products, cutting costs, and a buyback program.

Rick's Cabaret (RICK) Posts $0.35 fiscal year 2006 EPS vs. $0.05 loss on a 65% revenue rise.


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