SAN FRANCISCO -- Among the companies whose shares are expected to see active trade in Monday's session are Walgreen Co., Circuit City Stores Inc. and Steelcase Inc.

Walgreen Co. (WAG) is estimated to report a profit of 45 cents a share in the fiscal fourth quarter, according to analysts surveyed by FactSet Research.

Circuit City Stores Inc. (CC) is expected to report a second-quarter loss of $1.04 a share.

Steelcase Inc. (SCS) is forecast to post earnings of 22 cents a share in the second quarter.

After Friday's closing bell, published reports said Wachovia Corp. (WB) was in early talks with Citigroup Inc. (C) , Banco Santander SA (STD) , Wells Fargo & Co. (WFC) and a handful of other suitors for a buyout of the troubled bank. Shares of Wachovia came under heavy fire Friday, sinking 27% after investors worried that the bank may have to take another big write-down on its mortgage-market exposure. See full story

Watch list

American International Group Inc. (AIG) said the New York Stock Exchange granted it an exemption to issue preferred shares to the U.S. Treasury without shareholder approval. "The Audit Committee of the Board of Directors of AIG has determined that delay necessary in securing shareholder approval prior to the issuance of the Preferred Stock would seriously jeopardize the financial viability of AIG," the company said in a statement.

General Growth Properties Inc. (GGP) had its corporate credit rating cut to BB from BB+ by Standard & Poor's, which placed the rating on review for a possible further downgrade. S&P also put its BB- ratings on about $5 billion of the company's unsecured debt on a review for a possible downgrade. "The rating actions were largely driven by our concern surrounding General Growth's significant near-term debt maturities in the context of the currently severely constrained capital markets," said S&P in a statement.

McClatchy Co. (MNI) said its advertising revenue remains sluggish amid the U.S. economic downturn, with most of the weakness coming from "California and Florida, two regions that benefited strongly from the real estate boom, and are likewise being hurt in the aftermath of the real estate collapse." The company also said it has reached agreement with its creditors to amend its $1.175 billion credit facility to allow the company to greater flexibility to work through the difficult economy.

Meredith Corp. (MDP) said Joseph Ceryanec will become the company's new chief financial officer effective Oct. 20. Ceryanec, 47, comes to Meredith from telecom company McLeodUSA, where he most recently served as CFO.

Meritage Homes Corp. (MTH) said it was awarded $111 million by a jury in its case against Greg Hancock, a former Meritage division president. Meritage alleged Hancock violated an employment agreement by engaging in side businesses that hurt Meritage. The jury awarded Meritage $57 million in compensatory damages and another $54 million in punitive damages.

Office Depot Inc. (ODP) said it entered a new $1.25 billion asset-based credit facility. The facility, which is secured by the company's inventory, accounts receivable, cash and depository accounts, will replace its current $1 billion revolving credit agreement.

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