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Stock Market & Financial Investment News

News Breaks
July 15, 2014
08:15 EDTFLRFluor wins LNG terminal contract in Rotterdam
Fluor Corporation was awarded a contract by Gate Terminal BV, a subsidiary of Dutch Vopak and Gasunie, to design and build a liquefied natural gas break bulk terminal in Rotterdam, the Netherlands. Fluor booked the contract for an undisclosed value in 2Q14. Fluor will provide engineering, procurement and construction management services for the jetty, loading facilities, boil-off gas compressors, connection to the LNG terminal and other facilities. Fluor’s office in Spain, which has completed LNG projects globally, will be responsible for executing the project. Gate Terminal anticipates the terminal will be ready for operation in 2016.
News For FLR From The Last 14 Days
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January 27, 2015
10:24 EDTFLRDeutsche Bank warns E&C companies could be hit hard by low oil
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10:00 EDTFLROn the Fly: Analyst Downgrade Summary
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06:48 EDTFLRFluor downgraded to Hold from Buy at Deutsche Bank
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January 22, 2015
10:03 EDTFLROn the Fly: Analyst Downgrade Summary
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07:48 EDTFLRFluor downgraded to Underperform from Buy at BofA/Merrill
As previously reported, BofA/Merrill assumed coverage on Fluor with an Underperform rating from a Buy rating. The firm sees better value elsewhere in the sector and expects double-digit backlog decline and peak earnings in 2015. Price target is $51.
07:05 EDTFLRFluor downgraded to Underperform from Buy at BofA/Merrill

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