DANBURY, Conn. _ Praxair Inc. on Wednesday reported fourth-quarter net income of $302 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.57 per share. Praxair expects full-year earnings to be $6.15 to $6.50 per share, with revenue in the range of $12 billion to $12.4 billion.
Delphi also said Praxair Inc executive Mark Murphy would join the company in October, succeeding Clark as CFO. Delphi started out as a subsidiary of General Motors Co before being spun off in 1999, but continues to be closely associated with the Detroit automaker.
Sept 9- Auto parts maker Delphi Automotive Plc said Chief Executive Officer Rodney O'Neal would retire in March and that Chief Financial Officer Kevin Clark would succeed him. Delphi also said Praxair Inc executive Mark Murphy would join the company in October, succeeding Clark as CFO.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
Actively managed large-cap mutual funds continue to come up short in their long-running battle against the S&P 500 index.
So far, the stock market has looked past the weather impacts on manufacturing, housing, consumer spending and even hiring.
Here's what Pershing Square's Bill Ackman thinks about a slew of companies.
Some of Wednesday's midday movers:
Check out which companies are making headlines after the bell Wednesday:
Nearly two months after activist investor Bill Ackman took a $2.2 billion stake in Air Products, the company is searching for a new CEO.
William Ackman's firm Pershing Square Capital Management has acquired a 9.8 percent position in $22 billion industrial gas company Air Products & Chemicals.
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Even as the S&P 500 edges toward its all-time closing high, strategists are recommending investors think about stocks to play during a pullback.
A flood of earnings reports, including major technology and industrial companies, could make or break the stock market’s surprise January rally in the week ahead.
There are 38 companies in the S&P 500 index that have not moved more than 2 percent positive or negative year-to-date.
--U.S.-based Apria Healthcare Group reported negative $64 million of discretionary cash flow for the first half of 2012.. --The magnitude of the cash flow deficit raises doubt that the company will reduce its cash flow to our estimate of less than negative $20 million by the end of 2012 and return to positive free operating cash flow in 2013..
Ayala Land buys out Saudi group from hotel project- Philippine Daily Inquirer.
NOTE: Reuters has not verified this story and does not vouch for its accuracy.
Cramer makes the call on viewers' favorite stocks.
Three mutual funds are poised to have a breakout year and move to the top of the standings after dismal performances in 2011, according to S&P Capital IQ research.