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Great Lakes Dredge & Dock Corporation - Growth & Income
Tuesday, January 4, 2011 - 1:00am | 430Great Lakes Dredge & Dock Corp (GLDD) recently reported its third consecutive earnings surprise driven by strong sales growth and an expanding gross margin. The stock has been soaring over the last few months, but because earnings estimates have been rising too, valuation still looks...
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Quanta Services (PWR) - Bear of the Day
Tuesday, January 4, 2011 - 1:00am | 163We are downgrading our Neutral recommendation on Quanta Services (PWR) to Underperform with a $18 target price. The company's customers and demand for its services continue to be negatively impacted by the generally slow economy. The company has pursued its strategy of avoiding low-margin work....
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KBR Completes Acquisition of Affiliate Interests in M.W. Kellogg Limited
Monday, January 3, 2011 - 5:05pm | 47KBR (NYSE: KBR) today announced that it has completed the acquisition of the 44.94 percent share interest in M.W. Kellogg Limited previously held by JGC Corporation. The purchase price was £106.6 million (approximately US$165 million), subject to certain post-closing adjustments.
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Great Lakes Acquires L.W. Matteson for $45M
Monday, January 3, 2011 - 5:00pm | 44Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced it has acquired the assets of L.W. Matteson, Inc. for $45 million. The acquisition will be funded with $37.5 million in cash and a seller note of $7.5 million.
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A Peek Into The Market Before The Trading Starts
Monday, January 3, 2011 - 8:34am | 402Pre-open movers US stock futures are higher this morning. Futures for the Dow Jones Industrial Average gained 62 points to 11,575, while those for the S&P 500 index gained 7.2 points to 1,260. Futures for the Nasdaq 100 index moved up 18.75 points to 2,235. A Peek Into Global Markets Positive...
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Quanta Services Wins Contract - Analyst Blog
Wednesday, December 29, 2010 - 1:03pm | 510The Central Maine Power Company has awarded a contract to Quanta Services Inc. (PWR) for construction and installation of approximately 200 miles of transmission infrastructure in central and western Maine. The contract is part of CMP's $1.54 billion program to revolutionize the country's bulk...
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Quanta Services Wins Contract - Analyst Blog
Wednesday, December 29, 2010 - 12:45pm | 510The Central Maine Power Company has awarded a contract to Quanta Services Inc. (PWR) for construction and installation of approximately 200 miles of transmission infrastructure in central and western Maine. The contract is part of CMP's $1.54 billion program to revolutionize the country's bulk...
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Belgian Order for Foster Wheeler - Analyst Blog
Wednesday, December 29, 2010 - 11:33am | 520Foster Wheeler AG (FWLT) announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract for detailed engineering consultancy services for a lubricating oil plant at Kuwait Petroleum's facility in Antwerp, Belgium. Production capacity at the Antwerp...
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Belgian Order for Foster Wheeler - Analyst Blog
Wednesday, December 29, 2010 - 11:15am | 520Foster Wheeler AG (FWLT) announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract for detailed engineering consultancy services for a lubricating oil plant at Kuwait Petroleum's facility in Antwerp, Belgium. Production capacity at the Antwerp...
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MasTec Announces Significant Revision and Enhancement to Nsoro Acquisition
Tuesday, December 28, 2010 - 5:36pm | 111MasTec, Inc. (NYSE: MTZ) today announced that it has signed an amendment which significantly improves the Company's economics in the earn-out associated with the Nsoro acquisition, MasTec's wireless infrastructure construction and maintenance subsidiary. Under the revised terms, MasTec will pay...
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KBR Up 5% After Approaching 52-Week High (KBR)
Tuesday, December 28, 2010 - 4:17pm | 126Shares of KBR, Inc. (NYSE: KBR) are currently up 5% at $30.98 per share during Tuesday afternoon trading. KBR, Inc was upgraded by BB&T Capital Markets from a rating of Hold to Buy. Today's trading range for shares of KBR, Inc. (KBR) has been between $29.89 and $31.34 per share. The consensus...
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Scott Black: Markets Poised to Jump in 2011 (SNX, ACM)
Monday, December 27, 2010 - 6:09pm | 156Delphi Management President, Scott Black, was just interviewed on Fox Business Network, where he gave his last interview before going quiet ahead of the Barron's Roundtable. Mr. Black said that he believe the S&P 500, as a whole, is rather cheap here, noting that he sees the economy growing at...
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Dycom Industries Acquires NeoCom Solutions for $27.5M
Monday, December 27, 2010 - 10:37am | 38Dycom Industries, Inc. (NYSE: DY) announced today that it had acquired NeoCom Solutions, Inc. for a cash purchase price of approximately $27.5 million. The acquisition was paid from cash on hand.
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Jacobs Upgraded to Neutral - Analyst Blog
Thursday, December 23, 2010 - 6:03pm | 447We upgrade our recommendation on Jacobs Engineering Group Inc. (JEC) from Underperform to Neutral, based on the expectations of modest recovery in the company's business in the upcoming year after bottoming-out in fiscal 2010. During fiscal 2010, Jacobs came across with the continuous decline...
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Jacobs Upgraded to Neutral - Analyst Blog
Thursday, December 23, 2010 - 5:30pm | 447We upgrade our recommendation on Jacobs Engineering Group Inc. (JEC) from Underperform to Neutral, based on the expectations of modest recovery in the company's business in the upcoming year after bottoming-out in fiscal 2010. During fiscal 2010, Jacobs came across with the continuous decline...