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Stock Market & Financial Investment News

News Breaks
November 30, 2012
12:50 EDTXYLXylem wins contract for AOP technology to treat drinking water in South Korea
Xylem announced that it has won a significant contract to treat municipal drinking water for a new high-tech industrial zone in South Korea. The contract will involve using ultraviolet advanced oxidation process, or AOP, technology for the first time in a municipal drinking water system in the country. The water treatment facility will treat more than 26 million gallons per day, and will be the first step in the development of the new $3B Sihwa Multi-Tech Valley project, a government-backed regional industrial development initiative being implemented by the K-Water municipality. The new hub for the enterprise is due to be completed by 2016, and aims to attract high-tech industries across the IT, chemicals and R&D sectors.
News For XYL From The Last 14 Days
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July 21, 2014
07:55 EDTXYLXylem weakness creates buying opportunity, says Oppenheimer
Oppenheimer believes that the recent weakness in Xylem was caused by the company's statement in the middle of Q2 that sales were tracking at the low end of a 1%-3% increase. However, the firm predicts that the company's Q2 results will be boosted by efficiency gains, and it thinks that the results will be in-line and solid. The firm keeps an Outperform rating on the shares.

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