• Marriott International (NYSE:MAR) reported a fourth-quarter profit of 28 cents from continuing operations versus estimates of 25 cents as revenues fell to $3.38 billion from $3.78 billion last year, but beat estimates of $3.21 billion. The company provided inline full year guidance of 82-94 cents
• Viacom (NYSE:VIA) topped analysts’ projections with fourth quarter adjusted earnings from continuing operations of $1.09, ahead of 87 cent estimates. Revenues of $4.1 billion fell 3% from a year earlier, below estimates of $4.2 billion
• FirstEnergy (NYSE:FE) and Allegheny (NYSE:AYE) announced unanimous approval of FirstEnergy’s all-stock acquisition of Allegheny for $4.7 billion, or $27.65 per share
• VF Corp (NYSE:VFC) beat earnings expectations with fourth quarter results of $1.62, ahead of expectations of $1.47, on revenue of $1.92 billion
• PNC Financial (NYSE:PNC) paid $7.6 billion to exit the government TARP program
• Mirant (NYSE:MIR) coverage was initiated by Deutsche Bank (NYSE:BK) at a “sell,” with an $11 price target
• Palm (NASDAQ:PALM) shares were upgraded at Citigroup (NYSE:C) to “hold,” with a $10 price tag
