12:05AM New York – Foster Wheeler and Transocean rise on higher earnings as infrastructure projects and oil exploration budgets increase in sizes.

Foster Wheeler Limited, an engineering and contract services provider reported first quarter revenues rose 2% to $547.2 million from $530 million a year ago. Net income in the quarter increased to $138.1 million or 95 cents per diluted share compared to net income of $114.8 million or 80 cents per share, a year ago.

Foster Wheeler (FWLT: chart) stock gained $1.24 to $67.64.

Marsh & McLennan Companies, Inc, insurance and risk manager reported first quarter revenues rose 8% to $3 billion from $2.8 billion a year ago. Net loss in the quarter declined to $210 million or 40 cents per diluted share compared to net income of $268 million or 47 cents per share, a year ago.

Marsh & McLennan (MMC: chart) stock rose 77 cents to $28.35.

Transocean Inc, an offshore contract driller reported first quarter revenues rose 138% to $3.1 billion from $1.3 billion a year ago. Net income in the quarter of $1.1 billion or $3.71 per diluted share compared to net income of $553 million or $2.62 per share, a year ago. Transocean, largest offshore drilling contractor reported revenue jumped 138% on day rates across the fleet rose 15%. Ultra deepwater floater day rate jumped 25% to $380,000.

Transocean (RIG: chart) stock rose 50 cents to $158.35.

Cognizant Technology Solutions Corporation, a provider of information outsourcing services reported first quarter revenues rose 40% to $643.1 million from $460.3 million a year ago. Net income in the quarter was $101.9 million or 34 cents per diluted share compared to net income of $75.4 million or 25 cents per share, a year ago.

Cognizant (CTSH: chart) stock fell $3.27 to $30.46.

Speedway Motorsports, Inc, a sponsor of motorsports activities reported first quarter revenues rose 2% to $155.2 million from $152.2 million a year ago. Net income in the quarter was $30.9 million or 71 cents per diluted share compared to net income of $31.9 million or 72 cents per share, a year ago.

Speedway (TRK: chart) stock gained $2.07 to $27.92.

Cox Radio, Inc, a radio broadcasting company reported first quarter revenues declined 2.9% to $97.8 million from $100.7 million a year ago. Net income in the quarter was $12.8 million or 14 cents per diluted share compared to net income of $13.5 million or 14 cents per share, a year ago.

Cox Radio (CXR: chart) stock added 65 cents to $12.13.