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Stock Market & Financial Investment News

News Breaks
May 22, 2014
07:20 EDTFLR, PWR, KBR, DRC, WG, MTRX, GLPW, BWC, TISI, MDRJohnson 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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December 22, 2014
10:01 EDTMTRXOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AMC Networks (AMCX) initiated with an Outperform at Pacific Crest... AMSC (AMSC) initiated with an Outperform at Cowen... Allied Nevada Gold (ANV) initiated with a Buy at H.C. Wainwright... Axalta Coating (AXTA) initiated with a Buy at Deutsche Bank... Brown Shoe (BWS) initiated with a Hold at Jefferies... C.R. Bard (BCR) initiated with a Market Perform at Wells Fargo... CDK Global (CDK) initiated with a Market Perform at Barrington... Coach (COH) initiated with a Neutral at Mizuho... Discovery (DISCA) initiated with a Sector Perform at Pacific Crest... Earthstone Energy (ESTE) initiated with a Buy at Wunderlich... Energous (watt) initiated with a Buy at Roth Capital... Helix Energy (HLX) initiated with an Accumulate at Tudor Pickering... Hortonworks (HDP) initiated with an Outperform at JMP Securities... Macquarie Infrastructure (MIC) initiated with an Overweight at JPMorgan... Matrix Service (MTRX) initiated with a Buy at Sidoti... Michael Kors (KORS) initiated with a Neutral at Mizuho... Orbitz (OWW) initiated with a Neutral at Macquarie... PRA Health (PRAH) initiated with an Outperform at William Blair... PolyOne (POL) initiated with a Buy at SunTrust... STORE Capital (STOR) initiated with a Neutral at Credit Suisse... Scripps Networks (SNI) initiated with a Sector Perform at Pacific Crest... Shoe Carnival (SCVL) initiated with a Hold at Jefferies... Southwestern Energy (SWN) initiated with a Neutral at SunTrust... Starz (STRZA) initiated with a Sector Perform at Pacific Crest... TASER (TASR) initiated with an Outperform at Oppenheimer... Time Warner (TWX) initiated with an Outperform at Pacific Crest... Travelzoo (TZOO) initiated with a Neutral at Macquarie... Twitter (TWTR) initiated with a Buy at Argus.
09:30 EDTBWCBabcock & Wilcox Volund consortium awarded $230M contract
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09:03 EDTMTRXMatrix Service initiated with a Buy at Sidoti
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08:17 EDTKBRKBR awarded FEED contract for Mosaic Ammonia Plant
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December 17, 2014
11:36 EDTFLRFluor upgraded to Buy from Hold at Standpoint Research
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11:01 EDTKBRBalyasny Asset reports 5.57% passive stake in KBR
December 16, 2014
16:11 EDTFLRFluor starts construction activities on coker unit for ExxonMobil
Fluor has started construction activities on a new delayed coker unit for ExxonMobil Petroleum & Chemical BVBA at its Antwerp, Belgian refinery. Construction on the project, which will expand the refinery’s production capabilities, formally kicked off at a groundbreaking ceremony in October. Engineering and design work for the project began in June and is being led by Fluor’s office in the Netherlands. Fluor booked the project into backlog for an undisclosed value earlier in 2014.
08:31 EDTBWCBabcock & Wilcox unit awarded contract to manufacture missile tubes
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December 15, 2014
17:17 EDTWGWillbros Group filed restated results for Q1, Q2
17:16 EDTWGWillbros expects to make finaly $32.7M WAPco settlement payment at year end
As of September 30, Willbros was in compliance with all financial covenants under the 2013 Credit Facilities, as modified by the Third Amendment executed on November 12, 2014.
17:14 EDTWGWillbros Group reports reports Q3 continuing operations EPS 2c, consensus 15c
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16:51 EDTWGWillbros Group reports Q3 EPS (6c), may not compare to consensus 15c
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15:21 EDTWGNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include VeriFone Systems (PAY), consensus 41c; FuelCell Energy (FCEL), consensus (2c); Willbros Group (WG), consensus 15c.
14:44 EDTGLPWGlobal Power Equipment management to meet with Sidoti
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08:14 EDTFLRFluor price target lowered to $68 from $86 at Stifel
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December 11, 2014
09:24 EDTKBRKBR says looks to reduce annual operating expenses by $200M by 2016
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08:32 EDTFLRFluor removed from Top Picks list at FBR Capital
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08:08 EDTKBRKBR sees pre-tax charge of $800M-$1B related to restructuring
Effective December 31, 2014, KBR, Inc. will be reorganized into three new businesses. The actions are expected to strengthen KBR's balance sheet by addressing and exiting under-performing and non-strategic businesses. The company expects to realize annual operating cost savings of $200M by 2016, but anticipate taking a pre-tax charge ranging from $800M-$1B, the majority of which will be non-cash. The company currently has a cash balance of approximately $1B and has received approval from its lenders to amend its credit facility for the impact of the anticipated charge.
08:06 EDTKBRKBR to divest or exit several non-strategic businesses
KBR announced the results of a major Strategic Review which will see the company become a more streamlined, empowered and accountable global organization. Effective December 31, 2014, KBR, Inc. will be reorganized into three new businesses that will focus on core strengths in consulting, technology, engineering and construction and government services: Technology & Consulting combines all proprietary KBR technologies, knowledge-based services and KBR companies Granherne, Energo and GVA under one customer-facing global business to provide licensed technologies and consulting services to the oil and gas value chain, for wellhead to crude refining and to specialty chemicals production. In addition to sharing many of the same customers, these businesses share their approach of early and continuous involvement to deliver the most optimal solution to meet the customer's objectives through early planning and scope definition, advanced technologies and project lifetime support. This focus allows early customer engagement and continuity through to full project delivery; Engineering & Construction is KBR's project delivery business. It will leverage our operational and technical excellence as a global provider of engineering, procurement, construction, commissioning and maintenance for oil and gas, refining, petrochemicals, chemicals and industrial customers. Through a regional structure, E&C has been designed to be closer to its customers and capable to execute global project delivery on a consistent basis throughout the world; Government Services will focus on long-term services contracts with annuity streams particularly for the United Kingdom, Australian and United States governments. KBR functions at a corporate level will be streamlined. This will result in a lean corporate office with responsibility for strategy and governance. As a result of this Strategic Review, KBR will be divesting or exiting the following non-strategic businesses as it works to streamline global operations and drive efficiency with a goal of reducing annual operating costs of at least $200M by 2016: Fixed Price EPC Power; Fixed Price EPC Infrastructure and U.S. Minerals; Building Group; and Fixed Price, stand-alone Construction. In addition, options for Canadian module fabrication and U.S. military deployed operations support businesses are still under consideration.
December 8, 2014
12:00 EDTKBRKBR to host investor meeting
Investor meeting to be held in New York on December 11 at 9 am. Webcast Link

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