InPlay from Briefing.com

5:10 pm Honeywell confident its new automotive refrigerant is safe (HON) : Co said it is confident that SAE International, recognized as the world's leading automotive engineering association, will reconfirm that HFO-1234yf, Honeywell's new low-global-warming-potential automotive air conditioning refrigerant, is safe for use in automobiles. "Based on today's announcement, Honeywell continues to believe that SAE International's latest evaluation will only reconfirm the overwhelming body of data - including rigorous and comprehensive studies conducted in Europe, the U.S. and Japan -- that have clearly and repeatedly determined that HFO-1234yf is safe for use in automobiles," said Dr. Ian Shankland, chief technology officer for Honeywell Performance Materials and Technologies. "HFO-1234yf is a safe and effective refrigerant, and it is better for the environment."

5:03 pm India Globalization Capital receives a listing deficiency letter from the NYSE MKT (IGC) : Co announced that on Tuesday, December 11, 2012, it received a notice from the NYSE MKT LLC stating that the Company is not in compliance with Section 1003(f)(iv) of the Exchange's Company Guide. Specifically the Exchange Staff has determined that the Company has not paid the outstanding listing fees balance for a substantial period of time and, pursuant to Section 1003(f)(iv) of the Company guide, the Company's continued listing is predicated on it submitting all unpaid listing fees due to the Exchange by January 10, 2013.

Ram Mukunda, CEO of IGC said, "The process of moving funds out of India involves applying to the Reserve Bank of India (:RBI) for permission to repatriate funds. While the process is streamlined, obtaining appropriate clearances can typically take 6 months and sometimes more. In our case we applied to the RBI over 6 months ago and believe that we are close to the end of the process. It has taken inordinately long because this is the first time in five years that the Company has applied to repatriate funds. We expect to receive the approval in the next few weeks and be in a position to meet the obligation to the NYSE by January 10, 2013."

5:01 pm Praxair announces price increases for gases and facility fees effective January 1, 2013 (PX) : Co and its divisions and subsidiariesare notifying bulk and packaged, industrial, electronics, specialty and medical gas customers in the United States, Canada and Puerto Rico of increases in prices effective January 1, 2013, or as contracts permit, as follows:

5:00 pm Loral names Avi Katz to the role of President (LORL) : Co announced that its board of directors has named Avi Katz, 53, to the role of president of the company. Mr. Katz, who replaces Michael Targoff, was formerly the company's senior vice president, general counsel and corporate secretary. The appointment comes as a result of the previously announced restructuring following last month's sale of the company's manufacturing division. Mr. Katz will also continue in his role as general counsel and secretary.

4:53 pm Wesco completes acquisition of EECOL Electric, expected to be accretive to EPS by ~$1.00 per diluted share in 2013 (WCC) : Co announced that, through a wholly owned subsidiary, it has completed the previously announced acquisition of EECOL Electric Corporation, headquartered in Calgary, Alberta, Canada. This acquisition is expected to be accretive to earnings by approximately $1.00 per diluted share in 2013.

4:34 pm Seacor Hldgs announces adjustment to the conversion rate of its 2.50% convertible senior notes due 2027 (CKH) : Co announced an adjustment to the conversion rate of its 2.50% convertible senior notes due 2027 in connection with its previously announced cash dividend of $5.00 per common share payable on or about December 26, 2012 to shareholders of record on December 17, 2012. As a result of this dividend, the conversion rate was adjusted to 9.2089 from 8.6879 shares of SEACOR's common stock per $1,000 principal amount of the notes. The adjusted conversion rate is equivalent to an adjusted conversion price of approximately $108.59 per share, compared to the prior price of approximately $115.10 per share.

4:32 pm CONSOL Energy's Fola Operations progresses on reclamation cfforts (CNX) : Co has issued notice under the Worker Adjustment and Retraining Notification Act (:WARN) of its intent to complete the idle of its Fola operations near Bickmore, W. Va., resulting in a layoff of 131 surface and office employees and 16 employees at the company's Little Eagle Deep Mine. The layoffs will occur during a 14-day period beginning at 12:01 a.m., on February 14, 2013. Employees were officially briefed on the situation today. CONSOL Energy attributed this WARN notice to the expected February completion of coal processing and shipping from its preparation plant and recovery of equipment and infrastructure from the Little Eagle Deep Mine. CONSOL Energy anticipates that accelerated reclamation work will continue through mid-summer. Earlier this year, the company announced it would lay-off 318 employees and reassigned the remaining 147 employees from mining to reclamation work. The only coal produced through that transition occurred on the surface and was incidental to reclamation. A combination of market conditions and increasing pressure from the Environmental Protection Agency (:EPA), which resulted in both increased costs of surface mining and significant uncertainty for the company's power generation customers related to the continued use of Central Appalachian coal were cited as reasons for the idling.

4:30 pm SunPower reaches settlement in class action litigation (SPWR) : Co announced it has entered into an agreement to settle the private securities class action suit against the company and certain current and former members of management. This action is titled, "In re SunPower Securities Litigation." The agreement, which is subject to negotiation and execution of a final settlement document and court approval, provides for the payment by SunPower of $19.7 million and would lead to the dismissal of all claims against the defendants. The company expects to reflect the impact of the settlement in its fourth quarter 2012 financial results. "While we strongly believe that the company and its management fully met all their legal obligations, we have decided it is more prudent to focus our efforts on growing new markets and continuing to expand our leading residential market share position," said Lisa Bodensteiner, SunPower executive vice president and general counsel.

4:30 pm KBW announces record date and meeting date for special meeting of stockholders in connection with merger agreement (KBW) : Co announced that it has established a record date and a meeting date for a special meeting of its stockholders to, among other things, consider and vote on a proposal to adopt the previously announced Agreement and Plan of Merger dated as of November 5, 2012, among KBW, Stifel Financial Corp. ("Stifel"), and two wholly-owned subsidiaries of Stifel, SFKBW One, Inc. and SFKBW Two, LLC. KBW stockholders of record at the close of business on December 24, 2012, will be entitled to notice of the special meeting and to vote at the special meeting. The special meeting will take place on January 30, 2013, commencing at 10:00 a.m., Eastern time, in the Luce Room of the Time Life Building, located at 1271 Avenue of the Americas, New York, New York 10020.

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