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Stock Market & Financial Investment News

News Breaks
March 20, 2014
07:33 EDTFWLT, SIFoster Wheeler to acquire Siemens Energy environmental business
Foster Wheeler (FWLT) announced that a subsidiary of its Global Power Group has signed an asset purchase agreement with Siemens Energy, a unit of Siemens (SI), to acquire the Siemens Environmental Systems and Services business that supplies and services clean air technologies for use in power plants and industrial facilities. Closing of the transaction is subject to customary closing conditions, and is expected in 2Q14. The Siemens Environmental Systems and Services purchase includes assets of the former Wheelabrator Air Pollution Control company located in Pittsburgh, Pennsylvania and the Advanced Burner Technology company located in Branchburg, New Jersey. Foster Wheeler does not expect the Siemens transaction to affect the timing of completion of the business combination of Foster Wheeler and AMEC.
News For FWLT;SI From The Last 14 Days
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October 22, 2014
07:34 EDTFWLTFoster Wheeler unit awarded EPC contract for Exxon Mobil Antwerp refinery
Foster Wheeler (FWLT) announced that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement, and constructioncontract by ExxonMobil (XOM) Petroleum & Chemical BVBA for the Antwerp Northwest Europe Resid Upgrade Project, Revamp and Offsites facilities at the Esso Antwerp Refinery at Antwerp, Belgium. Foster Wheeler's contract value was not disclosed. A small initial release of work was included in the company’s Q1 bookings. The full release of work was included in the company's Q2 bookings. Foster Wheeler’s scope of work is expected to be completed in December 2016.
October 20, 2014
07:12 EDTSICongress of Neurological Surgeons to hold annual meeting
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07:11 EDTSIAmerican Society for Reproductive Medicine to hold annual meeting
2014 Annual Meeting of ASRM is being held in Honolulu on October 18-22.

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