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Stock Market & Financial Investment News

News Breaks
February 28, 2013
18:16 EDTMDRMcDermott sees FY13 revenue in the range of $3B, consensus $3.12B
In a press release the company said: "McDermott’s improved revenue visibility for 2013, including our expectation for total revenue in the range of $3B in 2013, our expectation that McDermott will recognize $2.6 billion in revenue in 2013 from existing backlog and recent awards."
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August 25, 2014
07:02 EDTMDRMcDermott names Stuart Spence as CFO, effective August 23
McDermott International (MDR) announced that Stuart Spence has been appointed EVP and CFO following the departure of Perry L. Elders, SVP and CFO, effective August 23. Elders will be pursuing other opportunities. Immediately prior to joining McDermott, Spence served as Vice President, Artificial Lift for Halliburton Company (HAL), where he had overall strategic and operational responsibility for Halliburton’s artificial lift product and service line.

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