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AECOM Completes Davis Langdon Acquisition
Wednesday, October 6, 2010 - 11:16am | 98AECOM Technology Corporation (NYSE: ACM) announced today that it has completed its acquisition of Davis Langdon, a global cost and project management consultancy firm, in Australia and New Zealand, Europe, the Middle East and the United States. Davis Langdon provides cost and project management...
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Morgan Keegan Discusses Dycom (DY)
Wednesday, October 6, 2010 - 7:34am | 72Morgan Keegan discusses Dycom Industries, Inc. (NYSE: DY), which it believes will benefit from a new investment cycle in broadband in 2011. In the research report, Morgan Keegan notes, "Broadband upgrades come from more than just government stimulus and address bandwidth hungry customers and the...
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CB&I Signs Agreement with BP to License Paraxylene Technology (BP, CBI)
Wednesday, October 6, 2010 - 7:29am | 74CB&I (NYSE: CBI) announced today that Lummus Technology has signed an agreement with BP (NYSE: BP) for the exclusive right to license and market BP's paraxylene recovery and isomerization technology and catalyst. CB&I's Lummus Technology business sector will be responsible for all sales,...
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Goldman Sachs On U.S. Engineering & Construction
Wednesday, October 6, 2010 - 7:14am | 269Goldman Sachs published a research report on Engineering & Construction in the U.S. In the report, Goldman Sachs writes "In our view, investors should stay selective as 2011 consensus estimates still look too high for certain EI stocks (e.g., Sell rated JEC). CL-Buy CBI ($28 price target) and...
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Chicago Bridge & Iron Update
Tuesday, October 5, 2010 - 4:07pm | 747In December of 2009, I wrote a post about my investment in Chicago Bridge & Iron (CBI). CB&I was one of my Favorite Stocks For 2010. I trimmed my position a little in March to take some profits but still hold the majority of my position. Today, I want to take a look at how my investment in...
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Chicago Bridge & Iron Update
Tuesday, October 5, 2010 - 4:07pm | 740In December of 2009, I wrote a post about my investment in Chicago Bridge & Iron (CBI). CB&I was one of my Favorite Stocks For 2010. I trimmed my position a little in March to take some profits but still hold the majority of my position. Today, I want to take a look at how my investment in...
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Baker Expands Credit Capacity under $125M Facility
Monday, October 4, 2010 - 8:58am | 128Michael Baker Corporation (BKR) has entered into a $125 million revolving credit facility with a consortium of financial institutions. The Company intends to use the funds available under the facility for acquisitions and general corporate purposes. Citizens Bank of Pennsylvania is the lead bank...
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Real Estate Sector May Be Poised For Bounce 09-29-2010
Wednesday, September 29, 2010 - 7:05pm | 811Cusick's Corner The market continued to stay in a tight range into the After Hours, but one key sector, Energy (XLE) was moving today. With the month-end and the breakouts continuing, market watchers and traders are looking for the next sector to join the upside party. It looks like the Real...
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TechTeam Global Announces Adjournment of Special Meeting of Stockholders
Wednesday, September 29, 2010 - 8:35am | 92TechTeam Global, Inc. (Nasdaq: TEAM) today announced that, at its reconvened special meeting of stockholders held yesterday, its stockholders approved adjourning its reconvened special meeting to October 4, 2010 and to a different location. The special meeting is being held to approve the...
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Fluor Awarded Shell's Project in Malaysia
Tuesday, September 28, 2010 - 4:04pm | 87Fluor Corporation (NYSE: FLR) announced today that it was awarded the Project Hijau Gasoil Phase-1 by Shell Refining Company FOM Malaysia. The project comprises a new 6,000 tonnes-per-day diesel processing unit located in Port Dickson, Malaysia. Fluor will perform engineering, procurement and...
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WHY QE DOESN'T WORK
Tuesday, September 28, 2010 - 1:02am | 3898Why QE Doesn't Work (courtesy of John Mauldin) By Ed Yardeni September 27, 2010 BULLET POINTS: (1) Fed study buries textbook money multiplier. (2) The Treasury's lap dog. (3) Kohn's exit speech admits Fed is clueless. (4) In 1988, Bernanke questioned money multiplier model. (5) The fiscal...
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Eurus Energy America Selects Quanta Services for Construction of Two Solar Facilities
Thursday, September 23, 2010 - 4:34pm | 106Quanta Services, Inc. (NYSE: PWR) today announced that it has secured two contracts for utility-scale solar installations with Avenal Solar Holdings LLC, a joint venture between Eurus Energy America and NRG Solar, a subsidiary of NRG Energy, Inc. (NYSE: NRG). Under the contracts, Quanta will...
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Deutsche Bank Sees Robust Outlook For Quanta Systems
Thursday, September 23, 2010 - 10:05am | 122Following conference presentations with Quanta Services (NYSE: PWR) this week suggest that the long-term outlook for transmission remains robust despite ongoing ear-term delays. While a key catalyst for Quanta has been pushed out, DB still believes share adequately reflect todays more challenging...
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AECOM Joint Venture Awarded US$11.7 M Construction Management Contract
Thursday, September 23, 2010 - 7:57am | 45AECOM Technology Corporation (NYSE: ACM) announced earlier today that a joint venture in which it participates with ECM Group Polska has been awarded a US$11.7-million contract for construction management of Poland's new major Express Road S17.
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Top 4 Stocks In The Heavy Construction Industry With The Highest Dividend Yield (PLPC, GVA, GLDD, FLR)
Wednesday, September 22, 2010 - 5:59am | 122Below are the top heavy construction stocks on the NYSE and the NASDAQ in terms of dividend yield. Preformed Line Products Co (NASDAQ: PLPC) has a dividend yield of 2.40%. PLPC's shares closed at $33.06 yesterday. Granite Construction Incorporated (NYSE: GVA) has a dividend yield of 2.40%. GVA's...