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Stock Market & Financial Investment News

News Breaks
March 14, 2014
08:31 EDTCVX, FLR, CBI, XOM, KBRFluor, KBR face challenging environment for backlog growth, says Stephens
A more disciplined approach to CapEx signaled by international oil companies, along with updates from the analyst days of Chevron (CVX) and Exxon (XOM), lead Stephens to conclude that large project engineering and construction services companies, including Fluor (FLR) and KBR (KBR), face a challenging environment for backlog growth. Stephens said it continues to favor Chicago Bridge & Iron (CBI), which is the only large-project-focused E&C stock on which the firm has an Overweight rating.
News For FLR;KBR;CBI;CVX;XOM From The Last 14 Days
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July 6, 2015
08:12 EDTKBRKBR announces two new strategic business agreements with BCP
KBR announced that it has agreed to enter into two new partnerships with Bernhard Capital Partners, or BCP. The first agreement will establish a new, equally owned and managed company, Brown & Root Industrial Services. KBR's Industrial Services Americas, part of the Engineering & Construction Business Group, will become part of the company and will continue to offer maintenance services, turnarounds and small capital expenditure projects. The company will also comprise of WINK Engineering, a BCP portfolio company specializing in maintenance engineering design services to the refining, chemical/petrochemical, and bulk storage terminal industries. Brown & Root Industrial Services will be headquartered in Baton Rouge, Louisiana. In addition to this partnership, EPIC Piping, a BCP portfolio company, plans to acquire KBR's Canadian pipe fabrication facility. KBR will become a minority limited partner in EPIC Piping and will enter into an alliance agreement that will give KBR access to EPIC's world class pipe fabrication facilities in Louisiana & Texas. KBR expects to receive approximately $32M in net cash proceeds from the two transactions which are expected to close prior to year end.
08:02 EDTCBICB&I announces plant services contract with Omaha Public Power District
CB&I announced it has been awarded a contract in excess of $75M by Omaha Public Power District for maintenance, modifications and supplemental labor for its fossil and nuclear plants in Nebraska.
July 2, 2015
16:04 EDTXOMOptions Update; July 2, 2015
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July 1, 2015
18:20 EDTXOM, CVXShell CEO says Opec production has pressured shale companies, FT reports
In an interview with the Financial Times, Shell (RDS.A, RDS.B) CEO Ben van Beurden said Opec's decision not to cut production has sent a "powerful signal... to shale oil companies as well as their financiers that they cannot forget the price risk. The industry will remember it for some time." The CEO noted that industry efforts to boost efficiency and cut costs should keep production going for "a while to come... until the sweet spots start running out." Publicly traded companies in the space include Chevron (CVX), Anadarko Petroleum (APC), Exxon Mobil (XOM), BP (BP), Marathon Oil (MRO), BHP Billiton (BHP), ConocoPhillips (COP), Pioneer Natural Resources (PXD), EOG Resources (EOG), Concho (CXO), Whiting Petroleum (WLL), and Continental Resources (CLR). Reference Link
17:40 EDTFLRFluor selected for six-year position on AFCAP IV
Fluor announced today that the Air Force Installation Contracting Agency awarded the company and its joint venture partner, AMEC Foster Wheeler, a position on the Air Force Contract Augmentation Program IV, or AFCAP IV, for six years beginning October 1. As one of eight companies selected for a position on the AFCAP IV indefinite delivery/indefinite quantity contract, Fluor-AMEC II, LLC, is now eligible to compete for specific task orders with a combined value not to exceed $5 billion during the contract period of performance. AFCAP IV task orders are intended to provide base life support services, engineering and logistics support worldwide to the Air Force and other Department of Defense and U.S. federal agencies.
08:09 EDTCVXSynchrony Financial, Chevron announce enhanced credit card loyalty programs
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June 30, 2015
12:43 EDTCVXChevron management to meet with UBS
Meetings to be held in Frankfurt on June 30 and in Paris on July 1 hosted by UBS.
09:14 EDTFLRFluor selected as preferred bidder to manage, operate Canadian Nuclear Labs
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June 26, 2015
16:00 EDTXOMOptions Update; June 26, 2015
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14:35 EDTXOMImperial Oil and partners Exxon Mobil, BP delay Arctic drilling, CBC News says
Imperial Oil (IMO) as well as its joint venture partners Exxon Mobil (XOM) and BP (BP) have postponed plans for exploratory drilling in the Beaufort Sea, says CBC News Reference Link
June 25, 2015
13:08 EDTCVX, XOMPenn Virginia higher after blog speculates on another deal
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12:07 EDTXOM, CVXBP said to make $8/share bid for Penn Virginia, Proactive Investors blog says
BP (BP) has made a $8 per share takeover bid for Penn Virginia (PVA), but the latter rejected the bid and is "holding out" for at least $10 per share, UK investor blog Proactive Investors claimed, citing people familiar with the matter. ExxonMobil (XOM) and Chevron (CVX) may also be interested in buying Penn Virginia, according to Proactive, which identifies itself as a "leading multi-media news organisation, investor portal and events management business." Penn Virginia shares are up 7% in midday trading following the report from the blog, which was previously credited for a report on alleged takeover advances made toward drugmaker Receptos (RCPT). Reference Link
09:34 EDTCVXActive equity options trading on open
Active equity options trading on open: AAPL FB NFLX AMZN BAC CVX TWTR INTC GILD BBBY
June 24, 2015
18:16 EDTXOMGoogle, GE, Airbus lead in sheer number of meetings with EU officials
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08:40 EDTXOMExxon closes oil production off Santa Barbara after pipe burst, L.A. Times says
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07:19 EDTCVX, XOMU.K. panel to decide on first fracking in area since 2011, WSJ reports
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June 23, 2015
06:34 EDTFLRFluor selected by BASF as global engineering partner
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