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Stock Market & Financial Investment News

News Breaks
November 18, 2012
13:47 EDTFLRFluor receives adverse ruling on Greater Gabbard project
Fluor announced that the company received an adverse decision from an arbitration panel regarding its claims for additional compensation related to the Greater Gabbard Offshore Wind Farm Project. Through its claims, the company sought to recover compensation for schedule and cost impacts arising from delays, disruption and productivity issues which the company believes were attributable to the client and other third parties. As a result of the decision, Fluor expects to record a pre-tax charge of approximately $400M in Q4, which was not considered in its most recent earnings guidance for 2012. With the project substantially complete, the decision is not expected to have a material adverse impact on cash flow.
News For FLR From The Last 14 Days
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December 17, 2014
11:36 EDTFLRFluor upgraded to Buy from Hold at Standpoint Research
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December 16, 2014
16:11 EDTFLRFluor starts construction activities on coker unit for ExxonMobil
Fluor has started construction activities on a new delayed coker unit for ExxonMobil Petroleum & Chemical BVBA at its Antwerp, Belgian refinery. Construction on the project, which will expand the refinery’s production capabilities, formally kicked off at a groundbreaking ceremony in October. Engineering and design work for the project began in June and is being led by Fluor’s office in the Netherlands. Fluor booked the project into backlog for an undisclosed value earlier in 2014.
December 15, 2014
08:14 EDTFLRFluor price target lowered to $68 from $86 at Stifel
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December 11, 2014
08:32 EDTFLRFluor removed from Top Picks list at FBR Capital
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