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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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October 23, 2014
09:15 EDTKBRKBR awarded Statoil global MSA
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October 16, 2014
08:39 EDTKBRKBR Daewoo Consortium wins FLNG FEED contract
KBR announced that the KD Consortium, consisting of KBR and Daewoo Shipbuilding & Marine Engineering, has been awarded a front end engineering design, or FEED, contract by Eni East Africa SpA for a floating liquefied natural gas, or FLNG, facility for the Coral South Development Project located in Mozambique. With the award, the KD consortium will be one of three consortia competing for the engineering, procurement, construction, installation and commissioning contract to build the new floating LNG facility for Eni East Africa and its partners to develop the hydrocarbon discovery in the Rovuma Basin in Mozambique.

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