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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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July 17, 2014
07:32 EDTFWLTFoster Wheeler-led JV awarded contract by Nafusah Oil Operations
Foster Wheeler announced that a subsidiary of its Global Engineering and Construction Group, in joint venture with Taknia Libya Engineering, has been awarded a front-end engineering design contract by Nafusah Oil Operations Libyan Branch for an onshore oilfield development, known as the Area 47 Development Project in Libya. Area 47 is located in the Hamada region, approximately 200 km south of Tripoli, in the Ghadames Basin. The Foster Wheeler contract value was not disclosed and will be included in the company’s 2Q14 bookings.

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