Newmont Mining Corp(NYSE: NEM) CEO Richard O'Brien will step down effective March 1 and retire from its board, and COO Gary Goldberg will take over the reins. Goldberg joined NEM in Dec. 2011 as executive vice president and COO, and had spent the prior 30 years with Rio Tinto.
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MICROS Systems (NASDAQ: MCRS) has named Peter Altabef, whose track record includes serving as the CEO of Perot Systems and the head of Dell's services arm, its new CEO, effective Jan. 2. Altabef will be succeeding Tom Giannopoulos, who's retiring after holding the top job for 19 years.
Finisar Corporation(NASDAQ: FNSR) opens with a solid gain after Needham upgrades shares to Buy and sets an $18 PT. The firm cites improved 2013 service provider capex following a rough 2012; improving demand for Finisar's ROADM line cards and LcOS optical switches, and continued sell-outs for its high-end 40G/100G optical transceivers. Shares of the company jumped 2.50%.
LDK Solar Co., Ltd (ADR)(NYSE: LDK) shares slumped 9% in the opening session after the company’s loss narrowed to $95.9 million (loss of $1.08 per diluted share) from $114.5 million (loss of 87 cents per share) in the same quarter a year earlier. Revenue fell 38.2% to $291.5 million from the year-earlier quarter. Analysts were projecting a loss of $1.30 per share. It beat the average revenue estimate of $225.5 million.
Ford Motor Company(NYSE: F) sales release: The company says it plans to build 750K vehicles during Q1 of 2013, up 11% from the mark of a year ago. Q4 guidance for production of 725K vehicles is left alone. Shares of the company are up 1.62%.
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