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Stock Market & Financial Investment News

News Breaks
April 14, 2014
08:40 EDTBWCB&W announces restructuring of Small Modular Reactor program
Babcock & Wilcox is announcing plans to restructure its mPower Small Modular Reactor program to focus on technology development. B&W continues to believe in the strength of the mPower technology, but without the ability to secure significant additional investors or customer Engineering, Procurement and Construction contracts to provide the financial support necessary to develop and deploy mPower reactors, the current development pace will be slowed. B&W notified the U.S. Department of Energy of its plans for reduced spending, indicating it would work with the DOE and other stakeholders during the next one to two months to confirm the best path to develop a mutually agreeable plan including program milestones for continuing the cost-shared industry partnership program. B&W expects to invest up to $15M annually, beginning in 3Q14.
News For BWC From The Last 14 Days
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October 1, 2014
06:01 EDTBWCBabcock & Wilcox board evaluating separation of its businesses
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September 24, 2014
09:12 EDTBWCBabcock & Wilcox volatility flat as shares trend to 15-month low
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