Finance

More

• Tidewater 3Q profit falls on special charge

  NEW ORLEANS-- Tidewater Inc., which operates an offshore drilling fleet, said on Friday that its third-quarter net income fell 12 percent because of special charges. The company earned $29.9 million, or 61 cents per share, for the quarter that ended Dec. 31. That was down from $34.1 million, or 67 cents per share, during the same period a year earlier.

• Capital One names Stephen Crawford as next CFO

  McLEAN, Va.-- Capital One Financial Corp. on Friday named Stephen Crawford as its next chief financial officer. Crawford will join the McLean, Va.- based bank on Feb. 4 and become a member of its executive committee. On May 24, he will transition to the role of CFO and succeed Gary Perlin, the company's current finance chief, who will retire.

• Viad 4Q loss widens on charges, revenue rises

  PHOENIX-- Trade show company Viad's fourth-quarter loss widened, pressured by a large tax-related charge. For the three months ended Dec. 31, Viad Corp. lost $21.2 million, or $1.07 per share. Going forward, Viad anticipates first-quarter earnings of 21 cents to 31 cents per share on revenue in a range of $268 million to $287 million.

• Perrigo's fiscal 2Q profit rises 6 percent

  ALLEGAN, Mich.-- Perrigo Co.' s fiscal second quarter earnings climbed 6 percent in a performance that topped Wall Street expectations, as revenue gains from acquisitions and the over-the-counter drugmaker's consumer health care segment countered rising expenses.

• Zoetis shares rise 21 pct in NYSE debut

  Feb 1- Shares of Pfizer Inc's animal health subsidiary Zoetis Inc rose 21 percent in their New York Stock Exchange debut on Friday. Shares opened at $31.50 after the Madison, New Jersey- based company raised $2.2 billion in the largest initial public offering from a U.S. firm since Facebook Inc.. Zoetis shares priced at $26, above their expected range of $22 to $25.

• Ingersoll-Rand 4Q adj. profit tops Street's view

  NEW YORK-- Ingersoll-Rand's net income dropped 3 percent in the fourth quarter, hurt in part by a larger provision for income taxes. That compares with $242.2 million, or 76 cents per share, in the final period of 2011.. Shares of Ingersoll-Rand gained 35 cents to $51.74 in morning trading.

• UPDATE 1-Chevron profit rises on refining gains, asset swap

  *Q4 earnings per share ex-items $3.27 vs Street view $3.03. The second-largest U.S. oil producer said fourth-quarter net income rose to $7.2 billion, or $3.70 per share, from $5.1 billion, or $2.58 per share, a year earlier.

• UPDATE 2-Exxon's quarterly profit rises, tops Street estimates

  Feb 1- Exxon Mobil Corp, the world's largest publicly traded oil company, on Friday reported a higher-than-expected 6 percent increase in quarterly profit on stronger results at its chemical and refining businesses.

• UPDATE 1-Money manager Franklin quarterly profit up 7 percent

  Feb 1- Money manager Franklin Resources Inc, which runs the Franklin and Templeton funds, said on Friday that its quarterly profit rose 7 percent, even though additional customer investments slowed.

• Chevron profit rises on refining and asset swap gain

  Feb 1- Chevron Corp posted a rise in quarterly profit on Friday as its refining arm managed to improve earnings despite the crippling of the company's oldest refinery last August by a fire. The second-largest U.S. oil producer said fourth-quarter net income rose to $7.2 billion, or $3.70 per share, from $5.1 billion, or $2.58 per share, a year earlier.

• UPDATE 1-Exxon's quarterly profit rises 6 percent

  Feb 1- Exxon Mobil Corp, the world's largest publicly traded oil company, on Friday reported a higher-than-expected 6 percent increase in quarterly profit, helped by its chemical and refining businesses.

• UPDATE 3-Ingersoll-Rand sees higher 2013 profit, housing to help

  Feb 1- Ingersoll-Rand Plc reported better-than-expected fourth- quarter profit and said 2013 earnings could jump as much as 11 percent, boosted by an improving U.S. housing market. That figure excludes 40 cents to 60 cents per share of charges related to the spinoff, coming after pressure from activist investor Nelson Peltz.

• Exxon's quarterly profit rises 6 percent

  Feb 1- Exxon Mobil Corp, the world's largest publicly traded oil company, on Friday reported a 6 percent increase in quarterly profit, partly due to higher refining margins. The Irving, Texas company said profit in the fourth quarter was $9.95 billion, or $2.20 per share, compared with $9.4 billion, or $1.97 per share, in the same period a year earlier.

• UPDATE 2-Merck beats forecast for 4th qtr, cautious on 2013

  Feb 1- Merck& Co Inc's quarterly results beat estimates, helped by strong sales of its Januvia diabetes drug and Gardasil vaccine against cervical cancer, but the company forecast 2013 profit at the low end of expectations. The No. 2 U.S. drugmaker said it earned $1.4 billion, or 46 cents per share, in the fourth quarter.

• UPDATE 1-Beam's lower profit beats Street by a penny

  Feb 1- Beam Inc reported a smaller-than-expected decline in fourth-quarta9742reuff. On a net basis, the maker of Jim Beam, Maker's Mark and Knob Creek bourbons said on Friday that earnings were $126.3 million, or 79 cents per share, in the fourth quarter, up from $88.5 million, or 56 cents per share, a year earlier.

• Zoetis raises about $2.2 billion in IPO

  Pfizer's animal health business Zoetis has raised about $2.2 billion in its initial public offering of 86.1 million shares, and the stock is expected to begin trading Friday. The New York company priced the IPO at $26 per share, which is $1 above the top end of the range it estimated in filings with the Securities and Exchange Commission.

• Beam profit slips after marketing boost

  Feb 1- Beam Inc reported lower quarterly earnings, excluding items, due to a 20 percent increase in how much it spent to advertise its alcoholic drinks during the key holiday season.

• Ingersoll-Rand profit slips 2.7 percent in quarter

  The U.S. manufacturer, which has decided to spin off its security business, said on Friday fourth-quarter profit came to $235.6 million or 78 cents per share, compared with $242.2 million, or 76 cents per share, a year earlier.

• UPDATE 2-Grupo Mexico Q4 profit up; China copper demand improves

  MEXICO CITY, Jan 31- Mexican copper miner and railroad operator Grupo Mexico said fourth-quarter net profit climbed 15 percent, helped by a more favourable exchange rate and improving copper prices on stronger demand from China.

• Malcolm Gladwell: A Generational Tipping Point Is Coming

  

  There's a seismic generational shift underway as more and more of the millennial generation enter the workforce, author Malcolm Gladwell said in a presentation at the TD Ameritrade conference on Thursday.