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Stock Market & Financial Investment News

News Breaks
November 15, 2012
16:33 EDTFLRFluor selects Fluor JV as preferred bidder for Dallas Horseshoe Project
Fluor (FLR) announced that the Texas Department of Transportation named Pegasus Link Constructors, a Fluor-led joint venture, as the preferred bidder for the design, construction, and capital maintenance of the Horseshoe Project in Dallas, Texas. TxDOT's estimate for the design, construction, utilities and right of way for the project is approximately $798M. The selection was announced by TxDOT Thursday at a monthly Texas Transportation Commission meeting. TxDOT's selection enables PLC and the department to commence contract negotiations. A notice to proceed is expected in the first quarter of 2013. Fluor will book the project into backlog once a final contract is approved and a notice to proceed is issued. The Horseshoe Project's scope of work includes I-30 from Sylvan Avenue to I-35E and I-35E from north of Eighth Street to the I-30/I-35E interchange in Dallas as well as construction of two fully designed Santiago Calatrava signature bridges. When completed, the project will correct some of the existing geometric issues causing congestion, repair and replace some of the deteriorating structures, and add capacity to the interchange and frontage roads. The I-30 and I-35E corridor carries more than 460,000 vehicles per weekday and was rated as the seventh most congested roadway in Texas in 2011. TxDOT is utilizing design-build project delivery which will result in a shorter construction schedule and lower overall cost. Construction on the Horseshoe Project is expected to begin in the summer of 2013 with a projected completion date of 2017. :
News For FLR From The Last 14 Days
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July 31, 2015
10:02 EDTFLROn The Fly: Analyst Downgrade Summary
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07:27 EDTFLRFluor downgraded to Neutral from Buy at UBS
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July 30, 2015
17:23 EDTFLRFluor files automatic mixed securities shelf
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16:51 EDTFLRFluor, Sacyr form joint venture in Spain
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16:30 EDTFLRFluor lowers 2015 EPS outlook to $4.05-$4.35 from $4.40-$5.00
Consensus $4.41. Fluor said, "The company continues to win and execute on numerous front-end engineering awards, particularly in oil and gas, and is encouraged by the positive comments from clients in regards to our strategy. However, relatively low new awards this year and delays in the full release of major projects due to the volatility mentioned above are placing pressure on expected results for 2015. Taking into consideration these factors and their impact on all of our business segments, the company is reducing its 2015 guidance range of $4.40 to $5.00 per diluted share to $4.05 to $4.35 per diluted share. This guidance excludes the effects of the previously announced termination and settlement of Fluor’s U.S. defined benefit pension plan which is expected in the latter part of 2015."
16:30 EDTFLRFluor reports Q2 EPS $1.00, consensus $1.05
Reports Q2 revenue $4.81B, consensus $5.01B. Cites "reductions in project execution activities in the Industrial & Infrastructure segment" for revenue decline. Reports new awards for the quarter were $4.3B.
July 24, 2015
08:33 EDTFLRTutor Perini names Gary Smalley executive VP, CFO
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July 22, 2015
16:19 EDTFLRFluor awarded five-year services contract for Luminant nuclear power plant
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