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Stock Market & Financial Investment News

News Breaks
June 19, 2014
07:06 EDTKBRKBR to undertake strategic review of businesses
KBR CEO Stuart Bradie said, "Overall results were disappointing and were negatively impacted by losses stemming from our Service segment's pipe fabrication and module assembly facility in Canada and on two U.S. construction projects, as well as underperformance in our IGP business. Our Hydrocarbons and especially our Gas Monetization segments continued their strong performance. The company will undergo an in-depth strategic review of its businesses and how we can best address the markets we serve. Once completed, we will provide an update to the market and expect to resume our previous practice of providing earnings guidance. Looking forward, the company's market position remains strong with a good pipeline of early stage front end engineering design and engineering procurement and construction opportunities throughout the world."
News For KBR From The Last 14 Days
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September 10, 2014
08:11 EDTKBRKBR wins licensing, design services contract, value not disclosed
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September 3, 2014
08:14 EDTKBRKBR to expand Ferguson Enterprises' footprint in Northeast region
KBR announced that KBR Building Group, a subsidiary within KBR's Services Group, has been awarded a contract by Ferguson Enterprises to construct a 460,000-square-foot distribution center in Coxsackie, New York. Construction of the Coxsackie distribution center will support the Ferguson's metro New York and Northeast branches, ensuring that customers receive product quickly. In addition, the Coxsackie location will support the company's 11 other regional distribution centers in the United States.
September 2, 2014
08:08 EDTKBRKBR awarded EPC services contract for Koch Nitrogen urea expansion
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