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Stock Market & Financial Investment News

News Breaks
December 11, 2012
07:36 EDTSTRL, TPC, TKPPY, PWR, FWLT, PIKE, WG, HIL, URS, UNTK, NWE, TTEK, STNKeyBanc Capital Markets to host a conference
Engineering, Construction & Utilities Conference is being held in New York on December 10-11.
News For STRL;TTEK;NWE;UNTK;URS;HIL;WG;PIKE;FWLT;PWR;TKPPY;TPC;STN From The Last 14 Days
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October 22, 2014
09:32 EDTWGWillbros Group downgraded to Equal Weight from Overweight at Johnson Rice
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07:34 EDTFWLTFoster Wheeler unit awarded EPC contract for Exxon Mobil Antwerp refinery
Foster Wheeler (FWLT) announced that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement, and constructioncontract by ExxonMobil (XOM) Petroleum & Chemical BVBA for the Antwerp Northwest Europe Resid Upgrade Project, Revamp and Offsites facilities at the Esso Antwerp Refinery at Antwerp, Belgium. Foster Wheeler's contract value was not disclosed. A small initial release of work was included in the company’s Q1 bookings. The full release of work was included in the company's Q2 bookings. Foster Wheeler’s scope of work is expected to be completed in December 2016.
05:26 EDTWGWillbros Group to host business news update conference call
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05:11 EDTWGWillbros Group CEO targets $4.6B-$1.7B in annual revenue
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05:08 EDTWGWillbros Group to restate Q2 results
Willbros Group announced that it is refocusing its business strategy under the leadership of John T. McNabb, II, newly elected CEO, and a restructured management team. The company has identified approximately $22M-$24M in deterioration of a significant pipeline construction project in the company's Northeast regional business within the Oil & Gas segment. This deterioration consists of the reversal of approximately $8M in pre-tax income previously recognized and the recognition of approximately $14M-$16M in estimated pre-tax losses at project completion. Although some of the project deterioration related to Q3, the company has determined that a majority of these estimated charges should have been recognized in Q2. As a result, the company expects to restate its Q2 results and such results should no longer be relied upon. Additional information relating to the restatement is being disclosed in a Form 8-K being filed with the SEC. The company now expects to report operating income of approximately $26M-$28M for the nine months ended September 30, subject to the completion of its quarterly close procedures. In addition, management, with oversight from the company's Audit Committee, is evaluating any impact on its prior conclusions of the adequacy of internal control over financial reporting and disclosure controls and procedures. The company will amend, as necessary, any disclosures pertaining to its evaluation of such controls and procedures.
October 21, 2014
18:34 EDTWGWillbros Group names John McNabb as CEO
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October 20, 2014
09:01 EDTTTEKTetra Tech wins $76M U.S. EPA Superfund contract
Tetra Tech announced it has been awarded a five-year, $76M contract with the U.S. Environmental Protection Agency Region 4 to provide technical and advisory services to the Superfund Technical Assessment and Response Team. Tetra Tech will provide broad scientific and technical support services under START IV to assist the EPA in protecting human health and the environment in response to man-made and natural emergencies and disasters, and at polluted sites. Services to be performed include emergency response, emergency preparedness and prevention, Superfund and brownfields site assessments, technical support, data management, and training.
October 17, 2014
10:24 EDTURSAECOM Technology completes acquisition of URS Corporation
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October 16, 2014
08:07 EDTURSAECOM, URS announce preliminary merger consideration
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October 15, 2014
09:53 EDTURSURS Corporation to host special shareholder meeting
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October 14, 2014
07:31 EDTFWLTFoster Wheeler awarded contract from PEMEX
Foster Wheeler announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by PEMEX REFINACIÓN for an ultra-low sulfur diesel project at the Salina Cruz refinery, Oaxaca, Mexico. Foster Wheeler’s scope of work, which also includes start-up and testing, is scheduled to be completed in 2018. The Foster Wheeler contract value was not disclosed. The initial release of work, relating to detailed design and the procurement of long-lead items, will be included in the company’s Q3 bookings. The balance of the agreed workscope is expected to be released in FY15. The investment in the Salina Cruz refinery, in excess of $500M, is part of a clean fuels program being implemented by PEMEX as a result of the country’s recent Energy Reform. The objective of the program is to significantly reduce the sulfur content of diesel produced from 500 to 15 parts per million.
October 13, 2014
17:24 EDTURSS&P announces changes to the S&P MidCap 400 and S&P SmallCap 600 indices
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17:17 EDTURSTanger Factory to replace URS Corporation in S&P 400 as of 10/17 close
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