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Stock Market & Financial Investment News

News Breaks
April 30, 2014
07:46 EDTFLR, ICAICA 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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February 9, 2016
08:45 EDTFLRFluor awarded front-end engineering contract from LyondellBasell
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07:08 EDTICAEmpresas ICA signs agreement with EXI-CK
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February 8, 2016
19:04 EDTICAEmpresas ICA receives notice of non-compliance from NYSE
Empresas ICA announced that on January 8, 2016 it received notice from the New York Stock Exchange that ICA is no longer in compliance with the NYSE's continued listing standards because the average closing price of ICA's American Depositary Shares, or ADSs, over a consecutive 30 trading-day period was less than $1.00 per share. Under NYSE rules, ICA has six months following receipt of the notice to comply with the minimum share price requirement. ICA has notified the NYSE of its intention to cure this deficiency within the prescribed timeframe. During the six-month cure period, the company's ADSs will continue to be listed and trade on the NYSE. The company's business operations are not affected by the receipt of this NYSE notice.
February 7, 2016
19:24 EDTICAEmpresas ICA CEO resisting pressure to step down, Reuters says
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February 3, 2016
05:10 EDTICAEmpresas ICA confirms sale of OMA shares pledged as collateral
Empresas ICA (ICA) confirmed that Deutsche Securities, S.A. de C.V., Casa de Bolsa foreclosed on collateral in the form of OMA Series B shares pledged to secure a loan to ICA's wholly-owned subsidiary, Aeroinvest, after a Mexican federal judge granted Deutsche Bank (DB) a suspension of the injunctions sought by ICA related to the pledged shares. In connection with the foreclosure on the pledged shares, Deutsche Bank sold a total of 33,162,600 OMA Series B shares, representing 8.29 % of OMA's equity capital in the form of Series B and Series BB shares. Excluding the shares referenced above, ICA holds a 17.23 % ownership interest in OMA in the form of Series B and Series BB shares, directly and indirectly, through Aeroinvest and SETA. ICA is not in default under any other loan agreement subject to a pledge of OMA shares.

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