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Stock Market & Financial Investment News

News Breaks
May 22, 2014
07:20 EDTTISI, MDR, FLR, PWR, KBR, DRC, WG, MTRX, GLPW, BWCJohnson 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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July 2, 2015
16:17 EDTGLPWGlobal Power Equipment announces Terence Cryan will continue as CEO
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July 1, 2015
17:40 EDTFLRFluor selected for six-year position on AFCAP IV
Fluor announced today that the Air Force Installation Contracting Agency awarded the company and its joint venture partner, AMEC Foster Wheeler, a position on the Air Force Contract Augmentation Program IV, or AFCAP IV, for six years beginning October 1. As one of eight companies selected for a position on the AFCAP IV indefinite delivery/indefinite quantity contract, Fluor-AMEC II, LLC, is now eligible to compete for specific task orders with a combined value not to exceed $5 billion during the contract period of performance. AFCAP IV task orders are intended to provide base life support services, engineering and logistics support worldwide to the Air Force and other Department of Defense and U.S. federal agencies.
June 30, 2015
09:14 EDTFLRFluor selected as preferred bidder to manage, operate Canadian Nuclear Labs
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June 29, 2015
18:04 EDTDRCS&P announces changes to the S&P 400, 600 indices
S&P SmallCap 600 constituent Cracker Barrel Old Country Store (CBRL) will replace Dresser-Rand Group (DRC) in the S&P MidCap 400, and Marten Transport (MRTN) will replace Cracker Barrel Old Country Store in the S&P SmallCap 600 after the close of trading on Wednesday, July 1. Siemens AG (SIEGY) is acquiring Dresser-Rand Group in a deal expected to be completed soon.
17:18 EDTDRCCracker Barrel to replace Dresser-Rand in S&P 400 as of 7/1 close
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10:09 EDTBWCOn The Fly: Analyst Initiation Summary
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10:04 EDTDRCHigh option volume stocks
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08:03 EDTBWCBabcock & Wilcox initiated with an Overweight at KeyBanc
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07:22 EDTBWCBWX Technologies would be M&A fit for Huntington Ingalls, says Deutsche Bank
Deutsche Bank noted that the planned spin-off of BWX Technologies (BWXT) from Babcock & Wilcox (BWC) is scheduled to be completed this week on July 1, stating that it believes the spun off company is likely to attract the attention of strategic players such as Huntington Ingalls (HII) and General Dynamics (GD). The firm thinks the potential M&A fit looks "most striking" for Huntington and estimates that a deal multiple could reach 10-11X the about $300M in EBITDA at BWX Technologies, which would likely be "worth the stretch" for the shipbuilder.
06:39 EDTDRCEuropean Commission approves acquisition of Dresser-Rand by Siemens
The European Commission has approved under the EU Merger Regulation the proposed acquisition of rotating equipment manufacturer Dresser-Rand (DRC) of the U.S. by Siemens (SIEGY) of Germany. The Commission had concerns that regarding ADGT drivers, turbo compressors and turbo compressor trains driven by ADGTs the transaction would reduce the number of significant suppliers from 3 to 2. The initial investigation also indicated that the parties' competitors for the supply of small steam turbines of less than 5 MW have a limited presence and do not pose a significant competitive constraint on the parties. These two concerns could lead to less product variety and ultimately higher prices.After an in-depth investigation launched in February, the Commission has concluded that the transaction would not significantly impede effective competition in the European Economic Area or any substantial part of it.
June 23, 2015
07:03 EDTMDRMcDermott awarded Otis Field Subsea Tieback Project by LLOG
McDermott International has been awarded a “sizeable lump sum contract” by LLOG Exploration Offshore in support of LLOG’s Otis development located in the Gulf of Mexico. The lump sum contract will be included in McDermott’s second quarter 2015 backlog. The Otis field, located in Block Mississippi Canyon 79, will be developed as a subsea tieback to the Delta House floating production system, or FPS, and lies in approximately 3,800 feet of water. McDermott’s Houston office will perform the overall project management and engineering. The flowline and SCR are scheduled to be assembled and fabricated at McDermott’s new spoolbase facility in Gulfport, Mississippi. Offshore installation is scheduled to be completed in early 2016.
06:34 EDTFLRFluor selected by BASF as global engineering partner
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