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Stock Market & Financial Investment News

News Breaks
May 22, 2014
07:20 EDTBWC, TISI, PWR, MTRX, MDR, KBR, GLPW, FLR, DRC, WGJohnson Rice to hold a conference
2014 Energy Infrastructure Conference to be held in Chicago on May 22.
News For BWC;DRC;FLR;GLPW;KBR;MDR;MTRX;PWR;TISI;WG From The Last 14 Days
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October 30, 2014
16:19 EDTFLRFluor narrows FY14 EPS to $4.10-$4.30 from $4.10-$4.45, consensus $4.20
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16:18 EDTFLRFluor reports Q3 EPS $1.15, consensus $1.10
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15:30 EDTFLRNotable companies reporting after market close
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08:16 EDTKBRKBR awarded FEED contract for Tangguh LNG Project expansion
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October 29, 2014
15:41 EDTPWRNotable companies reporting before tomorrow's open
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October 27, 2014
09:30 EDTFLRFluor, Technip JV awarded contract for Sasol complex
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08:37 EDTBWCB&W awarded $35M contract to supply boilers, environmental equipment
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October 24, 2014
11:44 EDTFLRFluor shares could double over next five years, Barron's says
Year to date, shares of Fluor have dropped about 20%, but the company has great long term potential given its $40B backlog of projects and strong cash position, Barron's reports. Reference Link
October 23, 2014
13:19 EDTFLRFluor, Technip awarded RAPID UIO project in Malaysia
Technip (TKPPY), in a joint venture with Fluor (FLR), was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities for the PETRONAS Refinery and Petrochemical Integrated Development project located in the state of Johor, Malaysia. Under this contract, the Fluor and Technip joint venture will be responsible for the utilities, interconnecting and offsites scope of work. RAPIDís refinery start-up is expected by early 2019. Technipís operating centre in Kuala Lumpur, Malaysia, will execute the contract.
09:15 EDTKBRKBR awarded Statoil global MSA
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09:06 EDTFLRFluor, Technip awarded RAPID refinery facilities project in Malaysia
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08:54 EDTFLREngineering & construction stocks undervalued, says Sterne Agee
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08:13 EDTDRCAllegheny names Elizabeth Powers as Chief Human Resources Officer
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October 22, 2014
09:32 EDTWGWillbros Group downgraded to Equal Weight from Overweight at Johnson Rice
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05:26 EDTWGWillbros Group to host business news update conference call
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05:11 EDTWGWillbros Group CEO targets $4.6B-$1.7B in annual revenue
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05:08 EDTWGWillbros Group to restate Q2 results
Willbros Group announced that it is refocusing its business strategy under the leadership of John T. McNabb, II, newly elected CEO, and a restructured management team. The company has identified approximately $22M-$24M in deterioration of a significant pipeline construction project in the company's Northeast regional business within the Oil & Gas segment. This deterioration consists of the reversal of approximately $8M in pre-tax income previously recognized and the recognition of approximately $14M-$16M in estimated pre-tax losses at project completion. Although some of the project deterioration related to Q3, the company has determined that a majority of these estimated charges should have been recognized in Q2. As a result, the company expects to restate its Q2 results and such results should no longer be relied upon. Additional information relating to the restatement is being disclosed in a Form 8-K being filed with the SEC. The company now expects to report operating income of approximately $26M-$28M for the nine months ended September 30, subject to the completion of its quarterly close procedures. In addition, management, with oversight from the company's Audit Committee, is evaluating any impact on its prior conclusions of the adequacy of internal control over financial reporting and disclosure controls and procedures. The company will amend, as necessary, any disclosures pertaining to its evaluation of such controls and procedures.
October 21, 2014
18:34 EDTWGWillbros Group names John McNabb as CEO
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October 20, 2014
16:42 EDTMDRMcDermott subsidiary awarded contract by PETRONAS subsidiary
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10:38 EDTBWCHigh option volume stocks
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