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

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.