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Fluor Awarded EPCM Services Contract for Woodsides Gas Assets in Australia
Tuesday, June 28, 2011 - 6:51am | 65Fluor Corporation (NYSE: FLR) announced today that it has finalized a major services agreement with Woodside Energy Limited to provide engineering, procurement and construction management services for Woodside's operating assets. Fluor's initial contract term is for three years, with the option of...
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Jacobs Engineering Selected for Injaz Marina Project
Tuesday, June 28, 2011 - 6:45am | 69Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it was selected by Injaz Development Company to provide infrastructure and construction supervision services for its Marina project in Saudi Arabia. Injaz Development Company is one of the largest Saudi real estate developers in...
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EMCOR Group Subsidiary Awarded Contract for Installation of Mechanical and Plumbing Systems
Tuesday, June 28, 2011 - 6:33am | 43EMCOR Group, Inc. (NYSE: EME) announced that its Trautman & Shreve subsidiary has been awarded a contract for the installation of mechanical and plumbing systems at the new headquarters for DaVita, Inc., located in Denver, Colorado.
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Bank of America Merrill Lynch Discusses Amgen
Tuesday, June 28, 2011 - 6:31am | 156Bank of America Merrill Lynch has a Neutral rating and a $62 price target on shares of Amgen (NASDAQ: AMGN). In a note to clients, Bank of America Merrill Lynch writes, "AMGN opted to hold off until its 2Q earnings call with explicit new financial expectations for its erythropoetin stimulating...
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EMCOR Group Subsidiary Awarded Contract by DaVita
Tuesday, June 28, 2011 - 6:31am | 43EMCOR Group, Inc. (NYSE: EME) announced that its Trautman & Shreve subsidiary has been awarded a contract for the installation of mechanical and plumbing systems at the new headquarters for DaVita, Inc., located in Denver, Colorado.
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Insituform Technologies Announces New Joint Venture in Saudi Arabia
Monday, June 27, 2011 - 11:59am | 276Insituform Technologies (Nasdaq: INSU) announced today the creation of a joint venture in Saudi Arabia between Saudi Trading & Research Co., Ltd. and Corrpro Companies, Inc., a subsidiary of Insituform. Based in Al-Khobar, Saudi Arabia since 1992, STARC delivers a wide range of products and...
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Primoris Services Corporation Announces New Contracts Valued at Approximately $100 Million
Monday, June 27, 2011 - 8:03am | 211Primoris Services Corporation (NASDAQ: PRIM) today announced new contracts valued at approximately $100 million for infrastructure and energy projects in California and Texas. Primoris's Baton Rouge, Louisiana-based subsidiary, James Construction Group, was awarded a contract valued at...
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Shaanxi Yanchang Petroleum and KBR Announce Intent to Create a JV
Thursday, June 23, 2011 - 8:07am | 61Shaanxi Yanchang Petroleum Co., Ltd and KBR (NYSE: KBR) today announced they have signed an agreement to create a Joint-Venture company in the People's Republic of China. The purpose of the Joint-Venture will be to market, sell, deliver and support Veba Combi Cracker technology, under KBR's...
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Fluor to Provide Dow Engineering and Design Services for Its Chemical Plant Expansion
Wednesday, June 22, 2011 - 3:04pm | 64Fluor Corporation (NYSE: FLR) announced today that it has been awarded a contract by The Dow Chemical Company (NYSE: DOW) to provide basic engineering and design services on its propane dehydrogenation expansion project in Freeport, Texas. The undisclosed contract value will be booked in the...
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Stifel Nicolaus Rating and Price Target Updates 6/22
Wednesday, June 22, 2011 - 8:28am | 214Stifel Nicolaus made a number of rating and price target changes in a research report published today. Boston Scientific Corporation (NYSE: BSX) had its rating upgraded from Hold to Buy. At the same time, its new price target was set at $9. On Tuesday, Boston Scientific closed the day at $6.92....
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Stifel Nicolaus Lowers PT On MRYG, TNB, VMI
Wednesday, June 22, 2011 - 7:03am | 57Stifel Nicolaus has lowered the price target on the following companies: MYR Group (NASDAQ: MYRG) from $34.50 to $34, Buy Thomas & Betts Corporation (NYSE: TNB) from $67.50 to $66.50, Buy Valmont Industries (NYSE: VMI) from $128 to $125, Buy
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Quanta Services Announces $50 Million Increase in Stock Repurchase Program
Wednesday, June 22, 2011 - 5:53am | 164Quanta Services, Inc. (NYSE: PWR) today announced that its board of directors approved an increase in the company's common stock repurchase program. Under the amended plan, the board authorized Quanta to purchase, from time to time, up to $150 million of its outstanding common stock. As announced...
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Michael Baker Unit to Design New Cleveland Innerbelt Bridge
Tuesday, June 21, 2011 - 2:26pm | 119Michael Baker Jr., Inc., an engineering unit of Michael Baker Corporation (NYSE: BKR), announced today that it and project team members have been selected by the Ohio Department of Transportation to design the new Eastbound Interstate 90 Cleveland Innerbelt Bridge in downtown Cleveland, Ohio. Baker...
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Insituform Technologies Awarded Contract Extension Valued at $6.0 Million from Scottsdale, Arizona
Tuesday, June 21, 2011 - 12:45pm | 131Insituform Technologies, Inc. (Nasdaq: INSU) announced today that it has received a contract extension from the City of Scottsdale, Arizona valued at approximately $6.0 million for the cured-in-place pipe rehabilitation of 75,000 feet of small- and medium-diameter wastewater pipelines. This...
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Jacobs Receives Contract for the Greater Dublin Drainage Project in Ireland
Tuesday, June 21, 2011 - 6:45am | 80Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it was selected by the Fingal County Council to provide engineering consulting services for the full planning stage of the Greater Dublin Drainage Project– Regional Wastewater Treatment Plant, Marine Outfall and Orbital Drainage System...