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Stock Market & Financial Investment News

News Breaks
January 2, 2013
06:26 EDTSHAW, CBIShaw's CEO sells most of his stake in company, Reuters reports
Shaw Group (SHAW) CEO James Bernhard has reduced his shareholding in the company to 143,356 shares from 1,131,603 after shareholders approved a sale to Chicago Bridge & Iron (CBI), Reuters reports, citing filings with U.S. securities regulators. Meanwhile, H. Kevin Byun at Denali Investors LLC has asked for a special committee to investigate Bernhard for potential conflicts of interest in selling off the company. Reference Link
News For SHAW;CBI From The Last 14 Days
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October 23, 2014
08:54 EDTCBIEngineering & construction stocks undervalued, says Sterne Agee
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October 15, 2014
08:09 EDTCBIExelon, Chicago Bridge & Iron and 8 Rivers partner for demonstration plant
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October 14, 2014
08:05 EDTCBICB&I announces gasification technology award in China
CB&I announced it has been awarded a contract by Shandong Sincier Petrochemical for the license and engineering design of a gasification unit to be built near Dongying, Shandong Province, China. The unit will utilize CB&I's proprietary E-GasPlus technology for a three-train facility to produce syngas for hydrogen, fuel gas and power. This plant will have the capability of operating on coal and petroleum coke, or a combination of these fuels with a liquid or solid residue from an upstream hydrocracking unit. This will be in addition to six other process units licensed earlier by Sincier using CB&I's technology to produce octane boosting, clean gasoline blendstocks, residue upgrading and petrochemicals production.
October 9, 2014
08:04 EDTCBIChicago Bridge & Iron awarded polypropylene contract in China
CB&I has been awarded a contract by Shenhua Ningxia Coal Industry Group Co. for the license and engineering design of a polypropylene unit to be built in Lingwu, Yinchuan City, Ningxia, People's Republic of China. The unit will use CB&I's Novolen technology to produce 600,000 metric tons per annum of polypropylene.
08:03 EDTCBICBI joint venture with Chevron wins technology award in Bahrain
Chicago Bridge & Iron (CBI) and Chevron's (CVX) joint venture Chevron Lummus Global has been awarded a contract in excess of $100M by Bahrain Petroleum Co. The scope of work includes the license of its LC-Fining and Isocracking technologies and engineering design packages for the new residue hydrocracking and vacuum gasoil hydrocracking units for the Bapco Modernization Program.

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