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Jacobs Partially Acquires Aker - Analyst Blog
Wednesday, December 22, 2010 - 6:00pm | 449Jacobs Engineering Group Inc. (JEC) declared to acquire some of the operations of Latin American based Aker Solutions ASA for $675 million. Aker Solutions ASA, through its subsidiaries and affiliates, is a leading global provider of engineering and construction services, technology products and...
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Jacobs Partially Acquires Aker - Analyst Blog
Wednesday, December 22, 2010 - 5:46pm | 449Jacobs Engineering Group Inc. (JEC) declared to acquire some of the operations of Latin American based Aker Solutions ASA for $675 million. Aker Solutions ASA, through its subsidiaries and affiliates, is a leading global provider of engineering and construction services, technology products and...
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Options Brief: Jacobs Engineering (JEC)
Wednesday, December 22, 2010 - 2:04pm | 75Shares of Jacobs Engineering (NYSE: JEC) are higher on the session by 2.88%, trading at $45.42. Overall put volume is now running at 56.59x the daily average, with 15% of all puts traded being purchases on the offer. 19,582 contracts have traded on the session so far. Jacobs Engineering Group Inc...
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Standpoint Research Downgrading Jacobs Engineering from Buy to Hold
Wednesday, December 22, 2010 - 12:21pm | 27Standpoint Research is downgrading Jacobs Engineering (NYSE: JEC) from Buy to Hold. At last check, JEC is trading at $47.19.
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Infrastructure Stocks are Back - Fluor (FLR), Jacobs Engineering (JEC), Foster Wheeler (FWLT), Et al
Wednesday, December 22, 2010 - 11:24am | 839This market has been very rotational as buyers move from one sector to another. After a long period of underperformance, one area of strength the past 6 weeks has been the infrastructure stocks which were an area of emphasis back in 2007 and early 2008. This is a group that does well mid to late...
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News Summary
Wednesday, December 22, 2010 - 10:33am | 227Shares of Walgreen Co (NYSE: WAG) gained about 8.2% after the company reported better-than-expected FQ1 earnings. The company's profit came in at $0.62 per share, up from $0.49 per share, in the year-ago period. The company's sales increased 6% y/y to $17.3 billion. However, analysts were expecting...
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A Peek Into The Market Before The Trading Starts
Wednesday, December 22, 2010 - 8:45am | 500Pre-open movers US stock futures are mixed this morning, as investors are awaiting data on economic growth and existing home sales. Futures on the Dow Jones Industrial Average gained 4 points to 11,475.00 and S&P 500 index futures gained 0.30 point to 1,251. Nasdaq 100 futures fell 1.50 points...
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EMCOR Group, Inc. Subsidiary Awarded Contract
Wednesday, December 22, 2010 - 8:36am | 54EMCOR Group, Inc. (NYSE: EME) announced that its Harry Pepper & Associates, Inc. subsidiary has been awarded a contract for $78,862,154 for the installation of a Pump Station for the U.S. Army Corps of Engineers Picayune Strand Restoration Project, Faka Union Pump Station, in Collier County,...
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Dr. Rob J. Routs Joins AECOM Board of Directors
Wednesday, December 22, 2010 - 8:17am | 77AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that Dr. Rob J. Routs, a former executive and board member of Royal Dutch Shell plc, has joined its Board of...
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KBR Acquires Roberts and Schaefer Company for $280M
Tuesday, December 21, 2010 - 10:29am | 37KBR (NYSE: KBR) announced that it has acquired Chicago-based Roberts & Schaefer Company. The purchase price is $280 million, plus preliminary net working capital of $12 million with final adjustment after closing.
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Foster Wheeler Awarded Contract for New Blending Plant
Tuesday, December 21, 2010 - 9:22am | 102Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Kuwait Petroleum International Lubricants for the provision of detailed engineering services for a brownfield lube oil blending plant to be built at...
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MYR Group Price Target Raised to $25 at FBR Capital
Tuesday, December 21, 2010 - 9:02am | 21MYR Group (NASDAQ: MYRG) price target is raised from $22 to $25 at FBR Capital
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General Richard A. Hack Joins Fluor's Government Group
Monday, December 20, 2010 - 4:13pm | 51Fluor Corporation (NYSE: FLR) announced today that Richard A. Hack has joined the company's Government Group as a senior executive overseeing logistics and contingency work for U.S. armed forces serving abroad. He will be based in Fluor's Greenville, S.C., operations center.
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General Richard A. Hack Joins Fluor's Government Group
Monday, December 20, 2010 - 4:13pm | 51Fluor Corporation (NYSE: FLR) announced today that Richard A. Hack has joined the company's Government Group as a senior executive overseeing logistics and contingency work for U.S. armed forces serving abroad. He will be based in Fluor's Greenville, S.C., operations center.
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MYR Group Inc. Obtains Transmission Contract Worth $200M
Monday, December 20, 2010 - 3:19pm | 75MYR Group Inc. (Nasdaq: MYRG) announced it has entered into a contract with Central Maine Power Company, a subsidiary of Iberdrola USA, to construct and rebuild approximately 210 miles of 345-kilovolt (kV) and 115kV transmission lines throughout northeastern Maine. The contract value is...