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Stock Market & Financial Investment News

News Breaks
March 1, 2013
12:03 EDTFWLTFoster Wheeler options active; shares sell off on Q4 income decline
Foster Wheeler May 24 and 26 calls are active on total call volume of 3,700 contracts (2,900 puts). March call option implied volatility is at 38, April and August is at 36; compared to its 26-week average of 36 according to Track Data. Active option volume suggests traders taking positions for price movement after announcing Q4 income declined 84%.
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April 14, 2014
07:32 EDTFWLTFoster Wheeler awarded contract for incinerator in Vietnam
Foster Wheeler announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract for the design and supply of a carbon monoxide incinerator package for a residue fluidized catalytic cracker. The contract was awarded by JGC, which is acting on behalf of the engineering, procurement and construction consortium for the $9B Nghi Son Refinery and Petrochemical complex to be constructed in the Nghi Son Economic Zone, Thanh Hoa Province, Socialist Republic of Vietnam. The Foster Wheeler contract value was not disclosed and will be included in the company’s 1Q14 bookings. Foster Wheeler will design the incinerator in accordance with the CO emissions requirements of the new complex. The CO incinerator is expected to be shipped free on board as one single module during 2Q15.
April 7, 2014
07:31 EDTFWLTFoster Wheeler, Eni SpA renew frame agreement
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07:31 EDTFWLTFoster Wheeler receives contract for two pulverized coal steam generators
Foster Wheeler AG announced that a subsidiary of its Global Power Group has been awarded a contract by Marubeni Corporation for the design and supply of two pulverized coal arch fired steam generators to be installed at the Thai Binh Thermal Power Station for Vietnam Electricity. The project is located in Thai Binh Province in Vietnam. Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed, and the contract value will be included in the company’s bookings for the first-quarter of 2014. Commercial operation of unit 1 is scheduled for October 2017 and unit 2 is scheduled for April 2018. Foster Wheeler will design and supply two 300 MWe steam generators and auxiliary equipment for the boiler islands. The boilers will be designed to burn local Vietnamese anthracite coal while meeting applicable environmental requirements.

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