DailyMarkets.com - Exchanges Edgy On Europe’s New Tax

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• Exchanges Edgy On Europe’s New Tax
• Your Debit Card May Cost You
• Perrigo Beats On EPS, Top Line Dull
• 08/17 FX Options Report
• Earnings Scorecard: Varian Medical
• Forex Trading: USDJPY Stays Below The 38.2% And Channel Trendline
• Parkway Sells Office Property
• GM Recalls Buick LaCrosse
• Honda To Build Small Cars In Mexico
• Wednesdays With Wyckoff: When To Close A Position
• Hot Option Plays: Up, Up But Not Away?
• Butterfly Spread Calls For Target Rally
• Earnings Preview: Wet Seal Inc.
• AT&T To Debut 4G Devices
• Statoil Ups North Sea Estimates
• Netflix Targets The Kids
• BofA Continues To Shed Assets
• Poor Housing Performance In July
• “Play It Safe…play Defensive”
• Forex Trading: GBPUSD Accelerates Higher Today. Will It Last?
• Dell Reports Strong 2Q
• Staples Beats, Guides High
• Agilent Guides Below Expectations
• Deere Strides Ahead Of Estimates
• Saks Posts Loss, Ups Comp Sales
• Cincinnati Hikes Dividend
• Moose Mountain To Join Jakks
• Commercial Construction Outlook: Weak
• Dollar Declines On Euro Debt Concerns, Crude Rally
• Wright Medical Reaffirmed Neutral
• China Life Takes To Private Equity
• Risk Assets Lose Steam In New York Midday, But Corrections In Commodity Currencies Could Suggest Further Upside
• Forex Trading: EURUSD Finding Support At Days Midpoint,et Al.
• Swiss Franc Remains The Safest Currency As Long As Europe’s Debt Problems Continue
• Williams In Southern Union Push
• Risk-Return Balance Loews
• Target Beats Zacks Estimate
• Obama To Try To Get Some Fiscal Measures Passed To Help Economy
• Cosan Posts Impressive 1Q
• Praxair Acquires Weldco

Exchanges Edgy On Europe’s New Tax Posted: 17 Aug 2011 12:35 PM PDT Yesterday, the shares of stock exchange giants such as NYSE Euronext Inc. (NYSE:NYX), NASDAQ OMX Group Inc. (NASDAQ:NDAQ) IntercontinentalExchange Inc. (NYSE:ICE) and more witnessed sharp declines as the leaders of France and Germany announced to propose a financial-transaction tax in September this year. As the name suggests, the financial-transaction tax will primarily target the securities trade, such as equities, bonds and derivatives, carried out by the exchanges in the Europe. Besides, the sale of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Your Debit Card May Cost You Posted: 17 Aug 2011 12:35 PM PDT When you swipe your debit card, your bank might charge a fee. No, this has not been implemented yet by all big banks, but is lurking right around the corner. All the banks are mulling over recovering some money that they are bound to lose with the cap on interchange fees that the Federal Reserve enforcedearlier this summer as part of last year's Wall Street reform legislation. However, if you use debit cards of Wells Fargo & Company (NYSE:WFC) or JPMorgan Chase & Co. (NYSE:JPM), you run a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Perrigo Beats On EPS, Top Line Dull Posted: 17 Aug 2011 12:35 PM PDT Perrigo Company (NASDAQ:PRGO) reported earnings per share of $1.02 for the fourth quarter of fiscal 2011, beating the Zacks Consensus Estimate of 99 cents and the year-earlier earnings of 77 cents per share. Lower-than-expected sales were mitigated by effective cost management and a lower tax rate to drive the earnings beat. Fiscal 2011 earnings were $4.01 per share, also beating the Zacks Consensus Estimate of $3.98 as well as the year-ago earnings of $3.03 per share. Fourth quarter revenues … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

08/17 FX Options Report Posted: 17 Aug 2011 12:05 PM PDT The USD traded lower against the major currencies. The CHF strengthened as the SNB stopped short of pegging the currency to stem its recent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Varian Medical Posted: 17 Aug 2011 12:02 PM PDT Oncology and X-Ray products company, Varian Medical Systems (NYSE:VAR) reported third-quarter fiscal 2011 earnings per share from continuing operations of 83 cents matching the Zacks Consensus Estimate and exceeding the corresponding year-ago earnings of 74 cents. Profit increased 7.3% year over year to $98.6 million, benefiting from rising sales of both oncology systems and X-Ray products. Third Quarter Highlights Varian's top line witnessed a 12% increase to $649 million in the quarter, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Stays Below The 38.2% And Channel Trendline Posted: 17 Aug 2011 11:40 AM PDT The USDJPY is not doing much but it has held below the 38.2% of the last move to the downside and also below a channel trendline.   A move above the 38.2% and the trendline is needed to change the bias.  Otherwise the downside is favored. The current target below is the 76.33 level which is the bottom channel trendline.  The low on August 11th is not far from there at 76.30.  A break below opens up a bigger can of worms for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Parkway Sells Office Property Posted: 17 Aug 2011 11:35 AM PDT Parkway Properties Inc. (NYSE:PKY), a real estate investment trust (REIT), has recently sold an office property in Richmond, Virginia, as part of its corporate strategy to restructure its portfolio as well as to improve its liquidity. With the deal, the company has completed over $211 million worth of asset sale transactions during the current fiscal, thereby significantly improving its balance sheet. Parkway sold GlenForest – an 81,000 square foot office property with about 99.1% occupancy, for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GM Recalls Buick LaCrosse Posted: 17 Aug 2011 11:35 AM PDT General Motors Company (NYSE:GM) recalled 4,077 units of Buick LaCrosse due to problems in their electronic stability control systems. The vehicles, 2012 model, were manufactured between June 9 and July 2 this year at the company's Fairfax Assembly Plant in Kansas City, Kansas. The automaker noticed that the stability system in the vehicles has not been calibrated properly, which could lead to malfunctioning of the system's sensors, causing the electronic stability control system to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Honda To Build Small Cars In Mexico Posted: 17 Aug 2011 11:35 AM PDT Honda Motor Co. (NYSE:HMC) announced that it will build a plant in Mexico in order to manufacture small cars for the North American market. The company plans to invest $800 million in the plant, located near Celaya, Guanajuato, north of Mexico City. The plant, expected to open in 2014, will produce up to 200,000 subcompact cars and engines annually, in order to tap the growing market for fuel-efficient vehicles. It will be the eighth auto plant in North America, employing 3,200 workers from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wednesdays With Wyckoff: When To Close A Position Posted: 17 Aug 2011 11:24 AM PDT With all the literature out there, it's easy to find trade set-ups and entry strategies, but the real money is often made with proper exit logic/strategies. What did classical thinker Richard Wyckoff say about closing a trading position? In his book Studies in Tape Reading, Wyckoff identifies four specific reasons to close a trade: "A Tape Reader must close a trade… When the tape tells him to close When his stop-loss is caught When his position is not clear When he has a large or … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Up, Up But Not Away? Posted: 17 Aug 2011 11:18 AM PDT Cusick’s Corner Volume was too light on the morning’s leg up for the market to truly take off. There is no one headline moving the market. The PPI, which measures price changes in goods, rose 0.2 percent in July which is larger than consensus estimates of no change. Banks (BKX) got hit yesterday, trading slightly higher today while the Tech (XLK) sector continues to be weak today. If the market loses leadership in those two sectors then the market could hit resistance. The Swiss Franc … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Butterfly Spread Calls For Target Rally Posted: 17 Aug 2011 11:12 AM PDT Butterfly spread calls for Target rally Today's tickers: TGT, ALTR, BCSI & SHW (NYSE:TGT) – Target Corp. – Post-earnings options trading on Target this morning appears to be littered with profit-taking and fresh bullish positioning, among other strategies. Shares in the Minneapolis, MN-based retailer jumped 5.85% to an intraday high of $52.26 after the company posted better-than-expected second-quarter profits. The sharp rally in TGT shares has cooled somewhat, but the stock still stands … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Wet Seal Inc. Posted: 17 Aug 2011 11:00 AM PDT Wet Seal Inc. (NASDAQ:WTSLA), one of the leaders in specialty retailing that sells fashionable and contemporary apparel and accessory items to the female customersis scheduled to report its second-quarter 2011 financial results on Thursday, August 18, 2011. The current Zacks Consensus Estimate for the quarter is pegged at 2 cents a share. The Zacks Consensus Estimate projects revenues for the quarter to be $148 million. Fourth Quarter 2011 Recaps Wet Seal, which faces stiff competition from American … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AT&T To Debut 4G Devices Posted: 17 Aug 2011 11:00 AM PDT The second-largest U.S. mobile service provider AT&T Inc. (NYSE:T) will debut two 4G Long-Term Evolution (LTE) devices and one smartphone in the U.S. on August 21. The two devices, USBConnect Momentum 4G and Mobile Hotspot Elevate 4G, will be available at $49.99 and $69.99, respectively, with a two-year contract. The monthly data plan starts at $50 for 5GB with additional GB at $10. The devices will operate on both High-Speed Packet Access Plus (HSPA+) and LTE technology. The 4G smartphone, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Statoil Ups North Sea Estimates Posted: 17 Aug 2011 11:00 AM PDT An endeavor to improve recovery in the mature fields, with an emphasis on the Norwegian Continental Shelf, has prompted Statoil ASA (NYSE:STO) to boost its previously announced estimates for the North Sea oil discovery. Earlier this month, Statoil made an oil discovery of high-impact on the Aldous Major South prospect in the North Sea along with its partners Petoro AS, Det Norske Oljeselskap ASA and Lundin Norway AS. It was estimated to hold approximately 200–400 million barrels of oil … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Netflix Targets The Kids Posted: 17 Aug 2011 10:35 AM PDT Netflix Inc. (NASDAQ:NFLX) has started a new Internet video streaming service for children aged 12 and under. "Just For Kids," as the section is named, appears on the Netflix website and has about 1000 movies and TV shows in its library. In this new section, films and TV shows of favorite characters such as "SpongeBob SquarePants,” “Dora The Explorer,” “Phineas and Ferb” and “Big Bird” will be made available through Netflix's video streaming service. The films and TV shows are categorized … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BofA Continues To Shed Assets Posted: 17 Aug 2011 10:35 AM PDT On Wednesday,The Financial Times reported that Bank of America Corporation (NYSE:BAC) is in advance talks with The Blackstone Group (NYSE:BX) to the sell real estate assets held by its Merrill Lynch unit for nearly $1 billion. The company had acquired Merrill Lynch in late 2008. BofA has been trying to remove property investments worth $800 million to $1 billion in Europe, South America and the U.S. The portfolio, which BofA wants to sell, includes a large number of real estate debt and equity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Poor Housing Performance In July Posted: 17 Aug 2011 10:35 AM PDT The building industry continues to be weak despite the ongoing economic recovery in the U.S. Both housing starts and applications for building permits fell during July, indicating a slow pace of future home construction. Housing starts in July fell 1.5% to a seasonally adjusted annual rate of 604,000 as compared with the revised June rate of 613,000 housing starts. However, the drop was almost 4% from the originally reported 629,000 housing starts in June this year. On the other hand, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Play It Safe…play Defensive” Posted: 17 Aug 2011 10:20 AM PDT 08/17/11 Meridian Equity Partners’ Stephen Guilfoyle discusses today’s mixed trading session and the short-term fundamental … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Accelerates Higher Today. Will It Last? Posted: 17 Aug 2011 10:07 AM PDT The GBPUSD has surged higher today -accelerating the trend to the upside on the break of the channel trendline in the hourly chart above. The move also took the price above a ceiling on the daily chart below  at 1.6474.  The bias is to the upside with the acceleration above channel resistance on the hourly. Stay above the top trendline (currently at 1.6524) and the bias is up. If the price were to move back below the trendline at 1.6524 (see chart above), the move higher was likely … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dell Reports Strong 2Q Posted: 17 Aug 2011 10:03 AM PDT Dell Inc. (NASDAQ:DELL) delivered second quarter 2012 EPS of 54 cents, handily beating the Zacks Consensus Estimate of 49 cents. Revenues Revenues in the second quarter were $15.7 billion, up 1.0% from $15.5 billion reported in the year-ago quarter. The company has currently shifted its focus to high-margin Enterprise Solutions and Services business. Moreover, the company has also refined its strategy to focus on 3 solutions domains including next generation computing solutions and intelligent data … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Staples Beats, Guides High Posted: 17 Aug 2011 10:03 AM PDT A sturdy international performance facilitated Staples Inc. (NASDAQ:SPLS), the global leader in the supply of office products, to post better-than-expected second-quarter 2011 results. The quarterly earnings of 22 cents a share topped the Zacks Consensus Estimate of 19 cents and jumped 10% from 20 cents delivered in the prior-year quarter. However, on a reported basis, including one-time items, Staples delivered earnings of 25 cents a share, up 38.9% from the prior-year quarter. Revenue and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Agilent Guides Below Expectations Posted: 17 Aug 2011 10:03 AM PDT Agilent Technologies' (NYSE:A) third quarter earnings beat the Zacks Consensus by 6 cents, or 8.2%. Revenue was more or less in line with the consensus, exceeding by 1.9%. Revenue Agilent's revenue was up 0.8% sequentially and 22.2% year over year, better than management's expectations of a 1-2% sequential decline $1.64 billion to $1.66 billion). The overall impact of currency on Agilent's year-over-year comparisons was a positive 5%. All except the Americas, which grew 12.0% saw revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Deere Strides Ahead Of Estimates Posted: 17 Aug 2011 10:03 AM PDT Deere & Co. (NYSE:DE) delivered earnings of $1.69 per share in its third quarter ended July 31, 2011, comfortably exceeding the Zacks Consensus Estimate of $1.68. Results were 17% ahead of $1.44 earned in the year-ago quarter. Net income improved 15% from the year-ago quarter to $712.3 million in third quarter of 2011. The outperformance was largely driven by strong demand for farm machinery, increased sales of construction equipment and effective cost management. Operational Update Deere's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Saks Posts Loss, Ups Comp Sales Posted: 17 Aug 2011 10:03 AM PDT Saks Incorporated (NYSE:SKS) delivered a second-quarter 2011 adjusted loss per share of 5 cents, better than the Zacks Consensus Loss Estimate of 8 cents. Saks reported a loss of 13 cents per share in the year-ago quarter. The year-over-year improvement in the quarter reflects strong same-store sales growth and gross margin expansion. The adjusted losses in the reported quarter excludes the after-tax charges of $0.8 million related to pension and related benefit charge, a write-down of a third … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cincinnati Hikes Dividend Posted: 17 Aug 2011 10:03 AM PDT Property and casualty insurer Cincinnati Financial Corp. (NASDAQ:CINF) has announced a 0.25 cent hike in quarterly dividend to 40.25 cents per share payable on October 17, 2011, to shareholders of record as of September 21, 2011. On the basis of increased dividend of 40.25 cents, the stock of Cincinnati Financial has an attractive dividend yield of approximately 6.12%. Management has increased dividend every year for the past 50 years, with the average annual growth of 7% for the past five … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Moose Mountain To Join Jakks Posted: 17 Aug 2011 10:03 AM PDT Jakks Pacific Inc. (NASDAQ:JAKK) recently inked an agreement to acquire Hong Kong-based Moose Mountain Toymakers Limited for an undisclosed amount. Moose Mountain is a 15-year old privately held company with a leadership position in the sale and manufacture of sports arcade products, foot to floor ride-ons, tents and safe soft play environments. The transaction is slated to close in the third quarter of 2011, subject to third party approvals and other customary closing conditions. We view the deal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Commercial Construction Outlook: Weak Posted: 17 Aug 2011 10:03 AM PDT Today the American Institute of Architects (AIA) released its Architecture Billings Index (ABI) for July. It is a "Magic 50 index" sort of like the ISM, where any reading over 50 means that billings for architectural services are increasing, and below 50 indicates a contraction. The ABI fell to 45.1 down from 46.3 in June, its fifth decline in a row. It is now at its lowest level since February 2010. Why should we care about the ABI? Because it is the best leading indicator out there for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Declines On Euro Debt Concerns, Crude Rally Posted: 17 Aug 2011 05:00 AM PDT 08/17/11 The dollar took a hit this session following a rally in crude, a rise in producer prices, and growing euro debt … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wright Medical Reaffirmed Neutral Posted: 17 Aug 2011 09:35 AM PDT We reiterate our Neutral recommendation on international orthopedic devices company Wright Medical (NASDAQ:WMGI). Its second-quarter fiscal 2011 adjusted earnings per share 2011 (excluding one-time items other than stock-based compensation expense) of 19 cents beat the Zacks Consensus Estimate by a couple of cents. Net income climbed roughly 27% year over year in the quarter to $6.1 million (or 16 cents a share). Profit included the after-tax impact of roughly $2.4 million in expenditure related to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

China Life Takes To Private Equity Posted: 17 Aug 2011 09:35 AM PDT On Tuesday, China Life Insurance Co. Ltd. (NYSE:LFC) announced its entry into the private equity business. It is the first Chinese insurance company to obtain a private equity fund license. The company has already formed a 20-30 member team to identify investment opportunities and is expected to make its first investment soon. The move by China Life to obtain a license for a private equity fund came after the China Insurance Regulatory Commission ("CIRC") permitted Chinese insurance companies … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk Assets Lose Steam In New York Midday, But Corrections In Commodity Currencies Could Suggest Further Upside Posted: 17 Aug 2011 09:32 AM PDT US shares pare their gains in as we head into the afternoon… The S&P 500 failed to keep its gains above the 1200 level and turned downward around noon New York time as US equities reversed their earlier gains.  We didn't have much catalysts from the fundamental side during the New York trading session after the release of the producer price index and therefore we saw the euro and other's trading on the back of what happening in equities markets. Oil fell after the US released its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Finding Support At Days Midpoint,et Al. Posted: 17 Aug 2011 09:28 AM PDT EURUSD has found support against the 50% retracement, the 200 bar MA, the high from earlier in the day, a low from earlier in the day. The area, has provided a level for traders short from above to take profit. The topside resistance will now be eyed against the 100 bar MA at the 1.4453.  Straying below this level keeps the bears semi incharge. The price is up on the day. However, with the market finding sellers against the topside trendline on the hourly chart at the 1.4516 area this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc Remains The Safest Currency As Long As Europe’s Debt Problems Continue Posted: 17 Aug 2011 09:18 AM PDT by Rani Chopra, SmartStops.net contributor The market has experienced unprecedented volatility and investors are getting more risk averse than ever before with equity fund outflows exceeding $61 billion since the start of May. The CBOE Market Volatility Index, (VIX) considered to be the markets fear indicator, continued to fall yesterday and is now down 12%. Investors did not care whether they were invested in stocks, bonds, mutual funds or ETFs. Fear and uncertainty caused outflows across … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Williams In Southern Union Push Posted: 17 Aug 2011 09:02 AM PDT The race for Southern Union Company (NYSE:SUG) has just become hotter with Williams Companies Inc. (NYSE:WMB) reiterating its keenness in acquiring the company for $44.00 per share in cash, cumulating to a total of $5.5 billion in cash. The deal was first broached on July 14, 2011. Williams conveyed its proposal via a letter to the Special Committee of Southern Union’s Board of Directors. Williams is pushing ahead for the deal since on July 29, 2011, Energy Transfer Equity L.P. (NYSE:ETE) and Southern … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk-Return Balance Loews Posted: 17 Aug 2011 09:02 AM PDT We are retaining our Neutral rating on Loews Corporation (NYSE:L), as the company's performance was weighed down by lower favorable net prior year development at CNA Financial Corporation coupled with higher catastrophe (CAT) losses. However, higher earnings at Diamond Offshore reflecting an increase in the utilization of high specification floaters somewhat dwarfed the negative impacts. Loews Corporation reported second-quarter 2011 adjusted net income of 59 cents per share, lagging the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Target Beats Zacks Estimate Posted: 17 Aug 2011 09:02 AM PDT Target Corporation (TGT), the operator of general merchandise and food discount stores in the United States, recently posted better-than-expected second-quarter 2011 results on the heels of higher sales and improved profitability across credit card business. The quarterly earnings of $1.03 per share beat the Zacks Consensus Estimate of 97 cents, and rose from 92 cents earned in the prior-year quarter. The Zacks Consensus Estimate for the quarter increased by a penny with 5 out of 23 analysts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Obama To Try To Get Some Fiscal Measures Passed To Help Economy Posted: 17 Aug 2011 08:36 AM PDT In news out of Washington, the reported that Pres. Barack Obama will be asking Congress to try and help stimulate struggling economy through further fiscal measures. That includes extending the payroll tax cut that had been enacted last December as well as extending unemployment benefits for the long-term unemployed. He also said that he would propose fresh spending cuts that would you propose fresh deficit reductions that would go beyond their called for measures in their recent debt ceiling … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cosan Posts Impressive 1Q Posted: 17 Aug 2011 08:35 AM PDT Cosan Limited (NYSE:CZZ) posted encouraging results for the first quarter of 2012, registering a year-over-year increase both in revenue and net income. Net income in the quarter was R$2,299.3 million (US$1,446.1 million), up from roughly R$0.4 million (US$0.2 million) in the year-ago quarter. The quarter's results include the impact of Raizen formation, excluding which its net income in the quarter comes to R$111.3 million (US$70 million). Revenue Considering the top line, net operating revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Praxair Acquires Weldco Posted: 17 Aug 2011 08:35 AM PDT Praxair Inc. (NYSE:PX) recently announced the acquisition of the assets of Cincinnati, Ohio-based gas distributor, Weldco Inc. for an undisclosed amount. The transaction was carried out by Praxair's subsidiary, Praxair Distribution Inc.  With this acquisition, Praxair intends to extend its foothold in one of the top 20 wielding markets of the US. The target company specializes in the distribution of industrial and specialty gases; besides providing ancillary wielding equipment, supplies and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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