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Stock Market & Financial Investment News

News Breaks
April 30, 2014
07:46 EDTICA, FLRICA Fluor to build $743M gas pipeline in Mexico
Fluor Corporation announced that its ICA Fluor joint venture with Empresas ICA, S.A.B. de C.V. (ICA) signed a contract with TAG Pipelines Sur S. de R.L. de C.V. for the construction of the 1.42 billion cubic feet per day capacity Ramones II Sur Gas Pipeline through the states of San Luis Potosí, Querétaro and Guanajuato in Mexico. TAG Pipelines Sur is a joint venture between Mexico Power and Gas Ventures B.V., a wholly owned subsidiary of GDF Suez, P.M.I. Holdings B.V. and TAG Pipelines S. de R.L. de C.V., an affiliate of Mexgas Supply and Mexgas Enterprises. Fluor booked its $357M portion of the contract value in the first quarter of 2014. ICA Fluor will be responsible for the engineering, procurement, construction, testing, commissioning and start-up services of a 291.7-kilometer-long, 42-inch diameter pipeline with one compression station, located in the southern portion of the Los Ramones Phase II gas transportation system. The system will be completed in the second quarter of 2016.
News For FLR;ICA From The Last 14 Days
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November 18, 2014
08:32 EDTFLRFluor board authorizes increase in share repurchase program by 10M shares
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November 17, 2014
08:51 EDTFLRFluor comments positive, says Sterne Agee
Sterne Agee believes that Fluor provided upbeat and confident commentary around multiple end- market opportunities. The firm thinks the company's backlog and margins can expand. It keeps a $105 price target and Buy rating on the shares.
November 14, 2014
05:32 EDTFLRFluor reports IXAS Zuid-Oost B.V. reaches final close for A9 partnership project
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