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Stock Market & Financial Investment News

News Breaks
March 18, 2013
09:04 EDTWMB, HONWilliams to build and operate PDH facility in Alberta, Canada
Williams (WMB) announced that it has sanctioned construction of a propane dehydrogenation, or PDH, facility in Alberta, Canada. The new PDH facility, the first and only in Canada, will allow Williams to significantly increase production of polymer-grade propylene from its Canadian operations. Williams is the only company in Canada currently producing polymer-grade propylene, a valuable petrochemical feedstock used in plastics manufacturing. The company estimates capital expenditures of up to C$900M to be funded with expected cash flow from its Canadian operation and international cash on hand. Pending appropriate permitting approvals, the PDH facility is scheduled to go into service in the second quarter of 2016. Williams has selected Honeywell’s (HON) UOP as the vendor to provide the UOP Oleflex process technology for the dehydrogenation process.
News For WMB;HON From The Last 14 Days
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March 26, 2015
07:25 EDTHONThe Economist to hold a forum
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March 24, 2015
16:09 EDTHONWatts Water appoints Todd Trapp as CFO
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March 23, 2015
15:52 EDTHONUSW reaches tentative agreement with Honeywell
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06:03 EDTHONU.S. Multi-Industry sector downgraded to Neutral at Barclays
Barclays downgraded the U.S. Multi-Industry space to Neutral from Overweight saying rising headwinds could limit share upside to mid-single-digit levels in 2015, with only slight improvement in 2016. The firm believes the credit cycle is peaking and views the U.S. Dollar strength along with lower oil prices as headwinds. Concurrent with sector rating change, Barclays downgraded Dover (DOV), Grainger (GWW), Xylem (XYL) and WESCO (WCC) to Equal Weight from Overweight. It also upgraded Tyco (TYC) to Overweight from Equal Weight and Lennox (LII) to Equal Weight from Underweight, calling both defensive names in the space. The firm is also "comfortable" owning General Electric (GE), Honeywell (HON), Sensata (ST) and HD Supply (HDS) at current levels. It prefers waiting for pullbacks to buy shares of 3M (MMM).
March 20, 2015
10:00 EDTHONOn The Fly: Analyst Upgrade Summary
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09:45 EDTHONActive equity options trading on open
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06:44 EDTHONHoneywell upgraded to Conviction Buy from Buy at Goldman
Goldman added Honeywell to the Conviction Buy List to reflect strong relative free-cash-flow growth, best-in-class execution, and improving returns. Price target is $120.
March 19, 2015
16:15 EDTWMBWilliams announces FERC approval of Maryland natural gas pipeline
Williams announced that the Federal Energy Regulatory Commission has approved Transco’s application to expand its mainline pipeline system and construct an 11-mile pipeline lateral connecting Transco to an electric power generating facility in Cecil County, Md. The Rock Springs expansion project is designed to transport 192,000 dekatherms of natural gas per day to Old Dominion Electric Cooperative’s planned Wildcat Point Generation Facility. Transco’s Rock Springs expansion is among $4.8B in transmission projects Williams expects to place into service through 2017, the company noted.
March 17, 2015
07:33 EDTHONHoneywell management to meet with Deutsche Bank
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