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Stock Market News for November 1, 2010 - Market News
Tuesday, November 2, 2010 - 11:00am | 780Stocks had a flat day on Friday but closed out October on a solid footing as investors braced themselves for this week's Federal Reserve meeting and the mid-term elections. Upward revision to second-quarter GDP also helped send indexes higher. The Dow average edged up slightly more than 4 points,...
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Zacks Bull and Bear of the Day Highlights: Neurocrine Biosciences, Jacobs Engineering, Ford, Kellogg and Honda Motor Co. - Press Releases
Tuesday, November 2, 2010 - 11:00am | 1840For Immediate Release Chicago, IL – November 1, 2010 – Zacks Equity Research highlights Neurocrine Biosciences (NBIX) as the Bull of the Day and Jacobs Engineering (JEC) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Ford (F), Kellogg (K) and Honda Motor Co. (HMC)....
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Jacobs Downgraded as Backlog Falls - Analyst Blog
Tuesday, November 2, 2010 - 9:35am | 346We downgrade our recommendation on Jacobs Engineering Group Inc. (JEC) from Neutral to Underperform based on the company's continuous decrease in backlog since the beginning of fiscal 2010, which is expected to negatively affect its top-line results in fiscal 2011. During the first quarter of...
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EMCOR Group Misses Wall Street Estimates (EME)
Tuesday, November 2, 2010 - 8:14am | 221EMCOR Group, Inc. (NYSE: EME) on Tuesday morning released financial results that failed to meet Wall Street expectations. EMCOR Group, Inc reported a 3rd quarter net loss of $175.6 million, or $2.64 per share, compared to net income of $40 million, or 59 cents, a year earlier. Excluding special...
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Jacobs Receives Contract for Multi-purpose GMP Manufacturing Facility in China
Tuesday, November 2, 2010 - 7:47am | 84Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from Porton Fine Chemicals Ltd. Jacobs, who earlier performed basic engineering services for this project, is expected to provide detailed engineering services for a new multi-purpose GMP manufacturing facility at...
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Jacobs Receives $25 Million Contract
Tuesday, November 2, 2010 - 7:46am | 74Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract to provide architect and engineer design services for the United States Government, Department of State, Bureau of Overseas Buildings Operations. The Indefinite Delivery/Indefinite Quantity Contract includes a 12...
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EMCOR Group, Inc. Reports Third EPS of $(2.64)
Tuesday, November 2, 2010 - 7:33am | 87EMCOR Group, Inc. (NYSE: EME) today reported results for the third quarter ended September 30, 2010. The Company recorded a net loss for the 2010 third quarter of $175.6 million, or $(2.64) per diluted share. Excluding a non-cash impairment charge discussed below, adjusted net income was $30.9...
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Fluor Receives Legal Notice (FLR)
Friday, October 29, 2010 - 3:14pm | 39Shares of Fluor Corporation (NYSE: FLR) are dropping sharply after the company received a legal ruling against the stock. The company lowered its 2010 guidance by 32 cents as a result of this.
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Microsoft's Earnings Impress Wall Street
Thursday, October 28, 2010 - 10:10pm | 436Today is Election Day. There are many Congressional races in the House and Senate that hang in the balance. While it's important to keep an eye on the results of the election, it's also important to... [[ This is a content summary only. Visit my website for full links, other content, and more...
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Microsoft's Earnings Impress
Thursday, October 28, 2010 - 10:10pm | 419Two companies reported earnings over the last two days that have helped to give insight into the economic recovery. Microsoft (MSFT) had a great quarter as the company beat Wall Street estimates. The company saw its net income increase 52% due to strong software sales. The Windows...
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MYR Group Upgraded to Buy
Thursday, October 28, 2010 - 9:50am | 22BB&T Capital Markets is upgrading MYR Group (NASDAQ: MYRG) from Hold to Buy.
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Citi Likes Chicago Bridge & Iron (CBI)
Thursday, October 28, 2010 - 7:23am | 152Citi Investment Research is out with a research report on Chicago Bridge & Iron Co NV (NYSE: CBI), after it reported solid earnings after the bell yesterday. It has a Buy rating and a $36 price target on shares. In a research report sent to investors, Citi writes, "We believe project execution...
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KBR, Inc (KBR) Profit Jumps, Beats Estimates
Thursday, October 28, 2010 - 6:52am | 227Houston, Texas based engineering, construction, and services company KBR, Inc. (NYSE: KBR) announced on Thursday morning that it easily beat consensus Wall Street earnings estimates, while just missing revenue expectations. KBR, Inc reported that its 3rd quarter net income climbed to $97 million,...
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Chicago Bridge & Iron Beats - Analyst Blog
Wednesday, October 27, 2010 - 3:33pm | 483Chicago Bridge & Iron Company (CBI), a.k.a. CB&I, has reported its third quarter 2010 results. Net income was $51.8 million, or 52 cents per share, topping the Zacks Consensus Estimate of 48 cents per share. Quarterly revenue was $909 million, which was below the Zacks Consensus Estimate...
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Jacobs Wins Construction Contracts - Analyst Blog
Wednesday, October 27, 2010 - 3:33pm | 388Jacobs Engineering Group Inc. (JEC) won a construction contract from Bonneville Power Administration (BPA), a federal agency in Portland that markets wholesale electricity and transmission services to public and private utilities in the Pacific Northwest and direct service industries. Although...