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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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March 5, 2015
08:36 EDTICABenefitfocus selected by Facchina for benefits enrollment, ACA compliance
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February 27, 2015
09:29 EDTICAEmpresas ICA reports Q4 EPADS (94c) vs. 26c last year
Reports Q4 revenue Ps. 10.96B vs. Ps. 7.73B last year. "For the full year and specifically in 4Q14, ICA's comprehensive financing cost was affected by the depreciation of the Mexican peso against the U.S. dollar. This affected the net result and leverage ratios. However, the currency depreciation does not have an immediate impact on cash flows," the company said. Construction backlog grew 16% to Ps. 35.55B, as compared to December 31, 2013. In addition, long-term contracts for mining and other services were Ps. 5.11B.
February 25, 2015
16:28 EDTFLRFluor wins natural gas development contract in Brazil
Fluor's CFPS Engenharia e Projetos, S.A., consortium with Construcap Engenharia e Comércio was awarded an engineering and design contract by exploration and production company Parnaíba Gás Natural for a natural gas field development project in the Parnaiba Basin in Maranhão state in Brazil. Fluor booked its share of the contract for an undisclosed value in Q1.
February 19, 2015
09:31 EDTFLRFluor reported 'impressive' results, says Sterne Agee
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