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Monday 14 September 2015
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Afternoon Trade News Buzz on: Airgas, (NYSE:ARG), Marsh & McLennan Companies, (NYSE:MMC), Kate Spade & (NYSE:KATE), TASER International, (NASDAQ:TASR)

During Tuesday’s Afternoon trade, Shares of Airgas, Inc. (NYSE:ARG), lost -0.17% to $106.21.

Airgas, Inc. (ARG) declared it has elected to redeem all $250 million of its outstanding 3.25% Notes maturing in October 2015. The notes will be redeemed in full on September 14, 2015, at a price of 100%.

Airgas, Inc., together with its auxiliaries, supplies industrial, medical, and specialty gases; and welding equipment and related products. It operates through two segments, Distribution and All Other Operations. The Distribution segment offers atmospheric gases, counting nitrogen, oxygen and argon; helium; hydrogen; welding and fuel gases, such as acetylene, propylene, and propane; carbon dioxide; nitrous oxide; ultra-high purity grades of various gases; special application blends; and process chemicals.

Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC), declined -0.21% to $58.18, during its Afternoon trading session.

Marsh & McLennan Agency LLCthe middle market agency partner of Marsh, declared that it has attained Tequesta Insurance Advisors, a leading personal, commercial, and employee benefits insurance provider in Florida. Terms of the transaction were not revealed.

With about $10 million in annual revenues and 50 employees, Tequesta adds additional property/casualty capabilities and personal lines expertise to MMA’ s Florida region. All of Tequesta’s employees are joining MMA and will continue to operate out of the agency’s Tequesta, Florida office.

Marsh & McLennan Companies, Inc., a professional services firm, provides advice and solutions primarily in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services; and Consulting. The Risk and Insurance Services segment offers risk administration services, such as risk advice, risk transfer, risk control, and mitigation solutions, in addition to insurance, reinsurance broking, catastrophe and financial modeling services, and related advisory services. This segment provides its services for businesses, public entities, insurance companies, associations, professional services organizations, and private clients.

Kate Spade & Co (NYSE:KATE), during its Tuesday’s Afternoon trading session decreased -2.11% to $20.37.

Kate Spade & Company (KATE) declared results for the second quarter ended July 4, 2015.

Net sales for the second quarter of 2015, not taking into account sales for wind-down operations, were $273 million, an enhance of $46 million, or 20.1% contrast to the second quarter of 2014, adjusting 2014 net sales for wind-down operations and not taking into account changes in foreign currency exchange rates and 2015 planned initiatives. Refer to the table entitled “Reconciliation of Non-GAAP Net Sales Information” for a reconciliation from GAAP results.

Stated net sales for the second quarter of 2015 were $281 million, an enhance of $15 million, or 5.7%, from the comparable 2014 period.

Kate Spade & Company, together with its auxiliaries, designs and markets apparel and accessories. The company operates in three segments: KATE SPADE North America, KATE SPADE International, and Adelington Design Group. It offers handbags, briefcases, small leather goods, fashion accessories, jewelry, fragrances, and apparel for men, women, and children; and holds licensing agreements for footwear, swimwear, watches, optics, tabletop products, legwear, electronics cases, bedding, and stationery. The company markets and sells its products under the kate spade new york, KATE SPADE SATURDAY, JACK SPADE, AXCESS, MARVELLA, and TRIFARI brand names.

Finally, TASER International, Inc. (NASDAQ:TASR), decreased -3.03%, to $23.56.

TASER International (TASR) declared multiple orders of its TASER® brand next generation Smart Weapons. These orders were received and shipped in the third quarter.

NoteworthyTASER Smart Weapon orders:

  • El Paso Police Department (TX): 115 TASER® X26P™ Smart Weapons
  • Elyria Police Department (OH): 40 X26Ps, TASER Assurance Plan (TAP)
  • Franklin Police Department (MA): 40 TASER® X2™ Smart Weapons
  • Hampton Police Department (VA): 75 X26Ps
  • Harford County Sheriff’s Office (MD) 58 X26Ps
  • International Order: 75 X26Ps
  • International Order: 86 X2s
  • Jefferson County Sheriff’s Office (AL): 50 X26PS
  • Kauai Police Department (HI): 105 X26Ps, Officer Safety Plan
  • Las Vegas Metro Police Department (NV): 70 X26Ps

TASER International, Inc. develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. It operates through two segments, TASER Weapons and AXON. The company’s CEW products transmit electrical pulses along the wires and into the body affecting the sensory and motor functions of the peripheral nervous system. It offers three hand-held CEW product lines, counting TASER X26P and TASER X2, which integrates with EVIDENCE.com; and TASER X26.

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