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Stock Market & Financial Investment News

News Breaks
February 8, 2013
10:06 EDTMDRMcDermott awarded Saudi Aramco award contract, Upstreamonline reports
McDermott has been selected by Saudi Aramco to carry out the phase two upgrade of the giant offshore Safaniyah oilfield following a two-horse race between the US-based company and Italy’s Saipem, Upstreamonline reports. Reference Link
News For MDR From The Last 14 Days
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May 26, 2015
20:41 EDTMDRJohnson Rice to hold a conference
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09:23 EDTMDROn The Fly: Pre-market Movers
UP AFTER EARNINGS: AutoZone (AZO), up marginally after reporting third quarter results. ALSO HIGHER: Geeknet (GKNT), up 119.7% after being acquired by Hot Topic for $17.50 per share... IntelliPharmaCeutics (IPCI), up 16.8% after being granted fast track designation for Rexista Oxycodone by FDA... McDermott (MDR), up 9.2% after favorable mention in Barron's and after being awarded a project for 12 jackets offshore Saudi Arabia... Time Warner Cable (TWC), up 5.2% following announcement of merger with Charter (CHTR)... Charter is up fractionally. DOWN AFTER EARNINGS: Sky-mobi (MOBI), down 7.9%. ALSO LOWER: Etsy (ETSY), down 5.7% following a Wall Street Journal report that Amazon.com (AMZN) is targeting Etsy with an artisan goods marketplace... First Solar (FSLR), down 4.1% after being downgraded to Underperform from Sector Perform at RBC Capital... AstraZeneca (AZN), down 1.9% after Amgen (AMGN) ends participation in co-development and commercialization of brodalumab... Amgen is down 1.5%.
07:01 EDTMDRMcDermott awarded project for 12 jackets offshore Saudi Arabia
McDermott International announced that it has been awarded a large brownfield contract by Saudi Aramco for the engineering, procurement, construction and installation of twelve jackets for offshore oil and gas fields in Saudi Arabian waters. Work is scheduled for completion by the end of the first quarter of 2016 and will be included in McDermott’s second quarter 2015 backlog. This is the second award McDermott has received in 2015 from Saudi Aramco and represents work scope bid under an existing Long-Term Agreement. Engineering and procurement is expected to be performed by McDermott’s teams in Dubai, U.A.E., and Al Khobar, Saudi Arabia. The jackets are scheduled for fabrication by McDermott’s Dubai, U.A.E.-based fabrication facility. Vessels from the McDermott global fleet are scheduled to undertake the installation work.
May 25, 2015
15:24 EDTMDRMcDermott shares could double or more over the long term, Barron's says
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