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Stock Market & Financial Investment News

News Breaks
January 29, 2014
11:30 EDTPXPraxair expects to grow 2014 earnings at double-digit rate
Says looking selectively for tuck-in acquisitions for core business. Expects return on capital to trend upward in 2014. Sees FY BRL currency headwind >10%. Sees significant foreign currency headwinds. Expects to grow earnings at double digit rate in 2014. Expects acquisitions to generate 1% top-line growth this year. Sees U.S. pension tailwind of 5c per share, mostly offset by interest expense. Comments made during the company's Q4 earnings conference call.
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April 9, 2014
09:02 EDTPXPraxair starts up air separation plant in Peru
Praxair announced the start-up of a new 270 tons per day air separation plant in Pisco, located in the central region of Peru. Under a long-term contract, Praxair will increase its supply of oxygen to Aceros Arequipa to meet the companyís expanding steel production capacity. The new supply will enable Aceros Arequipa to expand its production of corrugated iron, steel wire rods and other steel products used in Peruís construction sector. Aceros Arequipa produces more than 1M tons of steel products annually.

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