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Stock Market & Financial Investment News

News Breaks
March 12, 2014
08:42 EDTPXPraxair says sold industrial gases operations in France to Messer France
Praxair announced it has strengthened its position in Italy through the acquisition of Messer Italia S.p.A’s liquid carbon dioxide, oxygen, nitrogen and argon and packaged gases businesses. The businesses will be fully integrated into the operations of Praxair’s Italian joint venture, Rivoira S.p.A. Terms of the agreement were not disclosed. In addition, Praxair sold its industrial gases operations in France to Messer France SAS. Praxair’s French operations included three air separation units and two packaged gas filling stations. Prior to this agreement, Praxair had a small industrial gases presence in France. This transaction enables the company to deliver on its stated strategy of investing in its core geographies.
News For PX From The Last 14 Days
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January 28, 2015
06:09 EDTPXPraxair reports Q4 North America sales up 3% to $1.59B
Reports Q4 Europe sales down 12% to $356M; Reports Q4 South America sales down 2% to $473M; Reports Q4 Asia sales up 6% to $407M. Praxair Surface Technologies had fourth-quarter sales of $165 million as compared to $164 million in the prior-year quarter. Organic sales grew 1% due to favorable pricing. Overall volumes were comparable to the prior-year period. Operating profit was $30 million as compared to $27 million in the prior year.
06:08 EDTPXPraxair sees Q1 EPS $1.39-$1.47, consensus $1.58
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06:08 EDTPXPraxair sees FY15 EPS $6.15-$6.50, consensus $6.70
Sees FY15 revenue $12B-$12.4B, consensus $12.8B. This sales guidance assumes a negative currency impact of about 6% versus 2014. Full-year capital expenditures are expected to be about $1.7 billion and the effective tax rate is forecasted to remain at about 28%.
06:07 EDTPXPraxair expects modest global growth in 2015
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06:06 EDTPXPraxair reports Q4 adjusted EPS $1.57, consensus $1.57
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06:00 EDTPXPraxair board increases quarterly dividend by 10% to 71.5c
The board of Praxair has declared a 10% increase in the company’s quarterly dividend to 71.5c per share, payable on March 16, 2015, to common shareholders of record as of March 6, 2015.
January 27, 2015
15:35 EDTPXNotable companies reporting before tomorrow's open
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January 26, 2015
10:00 EDTPXOn The Fly: Analyst Downgrade Summary
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09:23 EDTPXPraxair downgraded to Neutral at RW Baird
As previously reported, Baird downgraded Praxair to Neutral form Outperform citing choppy trends in Brazil and China in addition to currency headwinds. Baird lowered its price target to $133 from $136 on Praxair shares.
06:30 EDTPXPraxair downgraded to Neutral from Outperform at RW Baird
January 22, 2015
09:31 EDTPXPraxair awarded NASA contract to supply hydrogen to space programs
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January 20, 2015
09:33 EDTPXPraxair sent warning letter from FDA
The FDA warning letter, dated Jan. 7, cites an inspection that revealed quality system violations. Reference Link
January 16, 2015
10:06 EDTPXHigh option volume stocks
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09:20 EDTPXPraxair ses currency devaluation cutting FY15 EPS by 7c, revenue by $100M
09:19 EDTPXPraxair sees charge of about $131M in Q4
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09:19 EDTPXPraxair to report Venezuela results at SICAD II exchange rates
Praxair announced that it will no longer use the Venezuelan government’s official exchange rate of 6.3 bolivars per U.S. dollar to translate the financial statements of its Venezuelan business. Effective December 31, 2014, the company has adopted the Venezuelan government’s SICAD II currency exchange system rate of approximately 50 bolivars per U.S. dollar. As a result of the change, Praxair expects to record in Q4 results a charge of about $131M or 45c per diluted share. This charge includes remeasurement of monetary assets and liabilities to the SICAD II rate and related fixed asset impairments and inventory adjustments. Praxair estimates that the currency devaluation to the SICAD II rate will reduce the company’s full-year 2015 revenues by approximately $100M and diluted EPS by about 7c compared to 2014.

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