FOAMEX INTERNATIONAL (FMXI, 7.56)- The foam products maker has agreed to be acquired by a privately held investment group for $11.50 a share.  The company also aid its second quarter earnings fell to 13 cents a share from 36 cents last year, and gross margins fell to 14% from 18%.  The company blamed the lower margins on "a shift in product mix" and higher materials costs.

NEOPHARM (NEO, 14.75)- The stock received a favorable mention in this week's Business Week.  A money manager sees the stock as a takeover candidate, with a $50 target price.

SCANIA AB (SCV.A, 30.19)- The truck maker has agreed to be acquired by Volvo for $7.42 billion.  Volvo sees annual cost savings from the deal of $489-$611 within three years.  Scania shares are up 25% on the news.  Separately, Scania announced a 50.5% jump in first half operating profit.

SCI SYSTEMS (SCI, 53.43)- The electronics company beat estimates by 3 cents, earning 60 cents a share in its fourth quarter.  Revenues rose to $1.8 billion from $1.59 billion.

800-JR-CIGAR (JRJR, 10.5)- The cigar seller missed estimates by 7 cents, earning 21 cents a share in its second quarter.  Operating profit fell 30.5% in the quarter, and gross margins declined to 17.6% from 16.9%.  Revenues rose 12.5% to $78.8 million in the quarter.

GOTO.COM (GOTO, 29.63)- The search engine reported a second quarter loss of 46 cents a share.  Revenues rose to $3.6 million in the quarter.

KITTY HAWK (KTTY, 6.63)- The provider of air logistics services earned 23 cents a share in its second quarter, beating estimates by 3 cents.  Revenues rose to $168 million from $155.8 million last year.

CHIRON (CHIR, 25.94)- The drugmaker beat estimates by 4 cents, earning 18 cents a share in its second quarter.  Revenue rose 16% to $189 million in the quarter.  The shares rose 3/8 in after hours trading on the news.

FILA HOLDINGS (FLH, 10.13)- The athletic shoemaker reported a wider than expected second quarter loss of $1.10 a share, compared to analysts' estimates of an 86 cent loss.  Revenues fell 19% to $186.3 million in the quarter.  The company's total backlog fell 12%.

HOECHST AG (HOE, 44.38)- The drug and chemical maker's second quarter earnings and revenues fell short of expectations.  HOE lost 188 million euros in the quarter as revenues slipped 2% to 4.6 billion euros.

HOLLYWOOD ENTERTAINMENT (HLYW, 17)- The video retailer beat estimates by a penny, earning 20 cents a share in its second quarter.  Revenue rose 50% to $250.4 million in the quarter.

INTIMATE BRANDS (IBI, 44.5)- The lingerie retailer said second quarter sales rose 16% to $1.017 billion and same store sales jumped 12% in the quarter.  The company expects second quarter earnings to rise 21% to 34 cents a share, a penny above current analyst estimates.  The company is scheduled to release its full earnings statement on August 11th.

LIMITED INC (LTD, 44.88)- The apparel retailer said it expects second quarter earnings before charges to double to  26 cents a share, beating the current consensus estimate by 7 cents.  the company also said that July same store sales rose 7%.

LINC CAPITAL (LNCC, 7.75)- The provider of equipment leasing financing warned that higher than expected "portfolio-related expenses" will cause second quarter earnings to come in below current analysts estimates.  Linc sees earnings of  $0.10-$0.12 a share in the quarter, analysts were looking for 18 cents.

SFX ENTERTAINMENT (SFX, 43.94)- The company said that it has agreed to acquire the U.K.'s Apollo Leisure Group, an operator of arenas and theaters, for $254 million.

THE GLOBE.COM (TGLO, 12.88)- The Internet company reported a narrower than expected second quarter loss of 27 cents a share.  Analysts were looking for a loss of 33 cents.

AMFM INC (AFM, 52.38)- The radio station operator reported a narrower than expected second quarter loss of 16 cents a share, compared to estimates of a 26 cent loss.  The company had a profit of 1 cent a share in last year's second quarter.  Revenues rose 34.9% to $434.1 million in the quarter.

CIGNA CORP (CI, 89.5)- The health insurer beat estimates by 8 cents, earning $1.22 a share in the second quarter.

CLEVELAND CLIFFS (CLF, 31.19)- The maker of iron ore pellets warned that depressed conditions in the steel industry would force it to temporarily halt production at three of its mines.  The company sees 1999 sales falling to 9 million tons from last year's 12.1 million tons.

EMULEX CORP (EMLX, 108)- The company announced a 2 for 1 stock split.

HENRY SCHEIN (HSIC, 20.88)- The healthcare products distributor met estimates with a 21% rise in earnings to 40 cents a share in its second quarter.  Revenues rose 18% to $559 million in the quarter.  The company also warned that Dental sales will be flat to down 5% in the third quarter and it expects the slower than expected sales from its Dental division to negatively impact second half earnings.

IVILLAGE (IVIL, 40.13)- The web site operator lost $17.1 million in its second quarter, twice its revenues of $8.1 million.

HSBC HOLDINGS (HBC, 60.25)- The banking group beat expectations as first half after tax profits rose 11% to $2.7 billion. 

INDIANA ENERGY (IEI, 21.56)- The gas utility reported third quarter earnings of 11 cents a share, beating estimates by 6 cents.  The company also said it will raise its quarterly dividend from $0.2325 to $0.2425.

KLLM TRANSPORT SERVICES (KLLM, 5.94)- The trucking company earned 10 cents a share in its second quarter, below analysts expectations of a 20 cent profit.  Revenue in the quarter inched up to $61.2 million from $60.1 million last year.  The company cited higher fuel prices and a driver pay increase for the lower than expected results.

MCKESSON HBOC (MCK, 31.06)- The drug distributor received a favorable mention in this weekend's Barron's with a $40 year end price target.

MOVADO GROUP (MOVA, 24.25)- The watchmaker received a favorable mention in Barron's which said its stock "looks inexpensive" at current levels.

TERADYNE (TER, 74.25)- The company announced a 2 for 1 stock split.

TODD-AO (TODDA, 14)- The operator of motion picture post production studies has agreed to sell a controlling interest in the company to ATT-Liberty Media Group.  Shareholders will receive 1 share of Liberty Media for every 2.5 shares of Todd-AO held (about $14.86 a share).  After the transaction Liberty Media will own 100% of the company's Class B shares and 50% of its Class A shares, giving it a 82% voting interest and 57% ownership stake.