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News Breaks
22:32 EDTSHAW
theflyonthewall.com: Shaw Group CEO bought $6.4M in stock this week, Barron's reports
James Bernhard Jr., the founder and CEO of engineering and construction firm Shaw Group (SHAW), bought 250,000 shares for $6.4M, or about $25.70 per share. The buys were the first for any executive at the company in at least six years, according to InsiderScore.com, and it came after the company has struggled in recent weeks. Shaw shares lost 20% of their value in October alone. Bernhard owns about 2% of the company's shares. Shaw Group announced on Thursday morning that it had been awarded a contract to do engineering and procurement work on an ethylene plant in Turkey. Shares were up 8.5% on the day. Bernhard's buy represents a major change in sentiment at the company. Insiders at Shaw were aggressive sellers from 2005 through the middle of the summer of 2008, after which the stock collapsed and insiders moved to the sidelines. Reference Link :theflyonthewall.com



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February 2, 2010
21:56 EDTSHAW
theflyonthewall.com: Jim Cramer's "Mad Money"

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February 1, 2010
09:04 EDTSHAW
theflyonthewall.com: Shaw Group awarded contract bu the U.S. Air Force
The Shaw Group announced it has been awarded a worldwide environmental restoration and construction contract by the U.S. Air Force Center for Engineering and the Environment. :theflyonthewall.com