On Wednesday, in the course of current trade, Shares of Praxair, Inc. (NYSE:PX), climbed 0.63%, and is now trading at $ 122.68.
Praxair, declared it will build a new air separation unit (ASU) supporting its Detroit, Michigan, area pipeline system to meet the growing demand for industrial gases from customers in the region in addition to rare gas customers worldwide. This expansion coincides with renewals of multiple existing pipeline customer agreements. The project will comprise the installation of state-of-the-art operating equipment and systems.
The new 1,650 tons per day plant will start operations in 2017 and will supply existing pipeline customers with improved efficiency and continued reliability. The plant will also produce liquid oxygen, nitrogen, argon and rare gases for use by hospitals, food processors, and industrial companies supplying the automobile industry.
Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, in addition to surface coatings in North America, Europe, South America, and Asia. The company offers atmospheric gases, such as oxygen, nitrogen, argon, and rare gases; and process gases comprising carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
During an Afternoon trade, Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC), climbed 1.52%, and is now trading at $ 58.83.
Marsh & McLennan Companies, declared the launch of the Mercer Pension Risk ExchangeSM. The exchange is a groundbreaking solution that assists plan sponsors execute group annuity buyouts in a shorter timeframe and in a more competitive pricing environment. As the first platform of its kind, the exchange enhances liquidity and price transparency by enabling plan sponsors to continuously monitor pricing and contract terms accessible in the group annuity market. The exchange also provides sponsors with greater exposure to a wider array of insurers that could potentially act as transactional counterparts for a buyout.
“Market pricing changes continuously based on interest rates and insurers’ needs. The way to really know when the market is moving in a direction favorable to the sponsor is to monitor prices specifically for their plan. The exchange creates the platform for sponsors to do exactly this,” said Jacques Goulet, President of Mercer’s Retirement, Health, and Benefits business.
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.
Shares of Raytheon Company (NYSE:RTN), during its Wednesday’s current trading session raised 1.51%, and is now trading at $ 101.43.
Raytheon Company (RTN) has accomplished extensive lab testing on a new extended range variant of the combat-proven AMRAAM. The tests validate that AMRAAM-ER can be integrated and employed from the NASAMS launcher. Designed specifically for ground-based air defense, AMRAAM-ER will be combined with AN/MPQ-64 F1Sentinel radar and the NASAMS launcher to provide raised air defense protection in the medium range air defense market.
Raytheon is integrating the Evolved Sea Sparrow Missile rocket motor into AMRAAM-ER, enabling the new missile to intercept targets at longer ranges and higher altitudes. Completion of lab testing allows Raytheon to move forward with launcher and system integration planned to start mid-2015 followed by a live firing demonstration. Raytheon is on plan to flight test AMRAAM-ER before the end of the year.
Raytheon Company develops integrated products, services, and solutions in the areas of sensing; effects; command, control, communications, and intelligence; mission support; and cyber and information security worldwide. It operates in four segments: Integrated Defense Systems (IDS); Intelligence, Information, and Services (IIS); Missile Systems (MS); and Space and Airborne Systems (SAS).
Finally, Cenovus Energy Inc (NYSE:CVE), gained 3.37% Wednesday, hitting its highest level.
Cenovus Energy continues to receive recognition as one of the country’s most responsible companies. For the fourth year in a row, Maclean’s magazine and Sustainalytics ranked Cenovus among the Top 50 Socially Responsible Corporations in Canada. Cenovus was one of five Canadian energy and utilities companies to make the list. Last week, Corporate Knights magazine recognized Cenovus as one of the Best 50 Corporate Citizens in Canada for the fifth successive year. Cenovus was the only Canadian oil and gas producer to make the top 10 in that list. Cenovus has also retained its place on the Euronext Vigeo World 120 Index for responsible performance.
“At Cenovus, we’ve made a commitment to develop our resources responsibly by integrating social, environmental and good governance considerations into all that we do,” said Jon Mitchell, Cenovus Director, Environment & Sustainability. “We believe this compriseent recognition from Sustainalytics and Corporate Knights is great confirmation of our efforts.”
Cenovus Energy Inc., an integrated oil company, develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas in Canada with refining operations in the United States.
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