On Monday, Shares of Linn Energy, LLC (NASDAQ:LINE), lost -13.36% to $6.03, hitting its lowest level, as West Texas Intermediate August crude fell 74 cents, or 1.5% to settle at $50.15 a barrel on the New York Mercantile Exchange. That was the lowest settlement for a most-active contract since April 2. The August contract expires Tuesday.
September Brent crude ended at $56.65, down 45 cents, or 0.8%, on the ICE Futures exchange. MarketWatch Reports.
Linn Energy, LLC, an independent oil and natural gas company, acquires and develops oil and natural gas properties in the Unites States. Its properties are located in the Rockies, the Hugoton Basin, California, east Texas and north Louisiana, the Mid-Continent, the Permian Basin, Michigan/Illinois, and south Texas.
Shares of Honeywell International Inc. (NYSE:HON), inclined 0.79% to $106.37, during its last trading session.
Honeywell International, declared its results for the second quarter of 2015:
- Sales for the second quarter were up 3% on a core organic basis, and were down 5% stated driven by the Friction Materials divestiture and the unfavorable impact of foreign currency in Transportation Systems. Commercial OE sales were up 6% on a stated and core organic basis driven by strong Business and General Aviation (BGA) engine shipments. Commercial Aftermarket sales were up 3% on a core organic basis (2% stated) driven by continued growth in repair and overhaul activities and Air Transport and Regional (ATR) spares growth, partially offset by a decline in RMU (Retrofit, Modifications, and Upgrades) sales in BGA. Defense & Space sales raised 1% on a core organic basis (flat stated) driven by strong international growth, partially offset by lower sales to the U.S. government. Transportation Systems sales were up 5% on a core organic basis driven by new platform launches and higher gas turbo penetration globally. TS sales were down 25% stated due to the Friction Materials divestiture and the unfavorable impact of foreign currency.
- Segment profit was up 2% and segment margins expanded 140 bps to 20.3%, driven by commercial excellence, the favorable impact of the Friction Materials divestiture, foreign currency hedges, and productivity net of inflation, partially offset by the margin impact of higher OE shipments.
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment provides aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers and operators, airlines, military services, and defense and space contractors; and spare parts, and repair and maintenance services for the aftermarket.
Finally, Ecolab Inc. (NYSE:ECL), ended its last trade with -0.01% loss, and closed at $112.77.
Ecolab, has received a 2015 Institute of Food Technologists (IFT) Food Expo Innovation Award for the development of DrySan™ Duo, an innovative EPA-registered technology providing the first no-rinse cleaner and sanitizer for dry- or low-moisture processing environments.
Presented to Ecolab by the IFT at its Annual Meeting & Food Expo in Chicago, the award honors outstanding innovation in products, ingredients, applications, instruments, equipment, technology and services. Judging criteria for the award comprises solving for a problem relevant to food science and technology, technical advancement, scientific merit, benefits to food manufacturers and/or consumers and other criteria, and was performed by a panel of jurors from industry, academia, and government.
The development of DrySan Duo demonstrates Ecolab’s ongoing commitment to promote and advance food safety. The food and beverage processing industry has long wrestled with cleaning and sanitizing in dry-processing environments. Typical solutions are labor intensive and often not optimal in ensuring food safety and quality, productivity or worker safety. DrySan Duo was designed to address these challenges, assisting customers effectively and efficiently provide safe food to consumers.
Ecolab Inc. provides water, hygiene, and energy technologies and services for customers worldwide. The company operates in four segments: Global Industrial, Global Institutional, Global Energy, and Other.
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