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Stock Market & Financial Investment News

News Breaks
May 13, 2014
14:19 EDTKBRKBR files to delay 10-Q, SEC opens probe
As previously reported on a Form 8-K filed May 5, KBR is in the process of restating its consolidated financial statements as of and for the year ended December 31, 2013. The SEC has informed KBR that it has opened an investigation with respect to the matters disclosed in the Form 8-K. In connection with and upon conclusion of, the restatement, KBR expects to amend its Form 10-K for the year ended December 31, 2013 as soon as practicable and will not file its Form 10-Q for the three months ended March 31, until after the filing of the amended Form 10-K. As a result, KBR’s Quarterly Report on Form 10-Q for the three months ended March 31 could not, without unreasonable effort and expense, have been filed with the SEC before its May 12 due date, nor can it be filed by May 19, the extended due date of such report.
News For KBR From The Last 14 Days
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August 21, 2014
08:10 EDTKBRKBR awarded EPC contract for new HDPE facility in La Porte, Texas
KBR announced it has been awarded a contract from Gemini HDPE, a manufacturing joint venture between INEOS Olefins & Polymers USA and Sasol, to provide engineering, procurement, and construction, or EPC, services for a new high-density polyethylene, or HDPE, facility to be located at INEOS's Battleground Manufacturing Complex in La Porte, Texas. The new facility is designed to produce 470 kilotons per annum of bimodal HDPE using Innovene S process technology licensed from INEOS Technologies. The new, single-train facility will include new polymerization, pelletization, and railcar load-out facilities, plus upgrades to existing utilities and infrastructure.

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