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Stock Market & Financial Investment News

News Breaks
January 28, 2014
09:09 EDTPXPraxair signs long-term supply agreement in Brazil
Praxair has signed a long-term contract to supply industrial gases to a new steel mill being built near the Port of Pecem in an international free trade zone in the state of Ceara, located in the northeast region of Brazil. The mill will be operated by Companhia Siderurgica do Pecem, a joint venture between Brazilian Vale and South Korean Dongkuk Steel and Posco Steel. Praxair will build, own and operate a 2,400 tons per day cryogenic plant that will produce gaseous and liquid oxygen, nitrogen and argon. The plant will enable CSP to produce an expected 3M tons of steel slabs annually, which will largely be exported for further processing by CSP’s Korean partners. The plant is expected to start up in 2016. The new plant will also serve merchant and packaged gas customers in a variety of sectors across the northern and northeastern regions of Brazil, including food and beverage, metal fabrication, healthcare and automotive.
News For PX From The Last 14 Days
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July 24, 2014
10:03 EDTPXOn The Fly: Analyst Downgrade Summary
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05:37 EDTPXPraxair downgraded to Market Perform from Outperform at William Blair
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July 23, 2014
11:44 EDTPXPraxair sees return on capital improving in 2H
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11:10 EDTPXPraxair sees moderate sequential recovery in Brazil, Mexico in Q3
Sees continued volume growth in the U.S. in Q3. Comments from slides are being presented on the Q2 earnings conference call.
06:29 EDTPXPraxair does not see 'significant economic improvement' in 2H14
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06:28 EDTPXPraxair: Q2 sales driven by new projects in North America and Asia
Cites the base business grew modestly in North America, Europe and Asia. The growth was mitigated by weaker South American volumes as a result of negative industrial production in Brazil.
06:14 EDTPXPraxair sees FY14 EPS $6.30-$6.45, consensus $6.47
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06:14 EDTPXPraxair sees Q3 EPS $1.58-$1.65, consensus $1.66
06:14 EDTPXPraxair reports Q2 EPS $1.58, consensus $1.59
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July 17, 2014
09:02 EDTPXPraxair signs long-terms supply agreement with Sinopec JV
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