International Business News - KBR http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif A federal judge rejected arguments Friday from a former civilian contractor in Iraq who said his sentence for possessing child pornography should be lighter to more closely align with what military personnel would face. http://www.ibtimes.com/articles/20081010/iraq-contractor-gets-3-years-in-child-porn-case.htm Fri, 10 Oct 2008 15:50:36 EDT Engineering, construction and services company KBR Inc. said on Monday it bought Canadian general contractor Wabi Development Corp. for $19.5 million, in a move to expand its footprint. http://www.ibtimes.com/articles/20081006/kbr-buys-wabi-development-for-19-5-million.htm Mon, 06 Oct 2008 14:37:15 EDT Shares of several engineering and construction firms tumbled Monday as the broader market plunged on investors' fears about the spreading credit crisis. http://www.ibtimes.com/articles/20081006/sector-snap-engineering-construction-shares-dive.htm Mon, 06 Oct 2008 13:10:25 EDT Shares of several engineering and construction companies jumped Friday as the House of Representatives on Friday approved legislation that would let the Treasury buy up to $700 billion in bad debt from the nation's banks. http://www.ibtimes.com/articles/20081003/engineering-and-construction-up-after-bailout-vote.htm Fri, 03 Oct 2008 14:18:25 EDT Shares of engineering companies fell Monday after the House rejected a $700 billion emergency bill intended to rescue the faltering financial industry. http://www.ibtimes.com/articles/20080929/engineering-shares-fall-as-house-defeats-package.htm Mon, 29 Sep 2008 15:25:48 EDT Shares of several construction and engineering companies dropped Tuesday after the Federal Reserve left a key interest rate unchanged. The Fed kept its benchmark federal funds interest rate steady at 2 percent. Much of the overall market dropped following the decision. http://www.ibtimes.com/articles/20080916/construction-firms-drop-after-fed-rate-decision.htm Tue, 16 Sep 2008 14:41:44 EDT Shares of several engineering and construction companies rose Friday after Foster Wheeler Ltd. announced a share buyback. Analyst Andy Kaplowitz of Lehman Brothers said the share repurchase of up to $750 million is a "signal of confidence." http://www.ibtimes.com/articles/20080912/sector-snap-engineering-construction-firms-rise.htm Fri, 12 Sep 2008 15:50:45 EDT Engineering and construction services provider KBR Inc. said Wednesday that one of its units received a $232 million contract to build an activated carbon plant in Louisiana. http://www.ibtimes.com/articles/20080910/kbr-unit-gets-232-million-contract-for-plant.htm Wed, 10 Sep 2008 19:32:04 EDT The number of U.S. troops and contractors electrocuted in Iraq is higher than previously reported, and now stands at 18, a senator said Monday. Sen. Bob Casey, D-Pa., issued a statement with the revised number after a briefing by the Pentagon's inspector general's office. The IG's office has been investigating the death of a Green Beret from Pittsburgh, Sgt. Ryan Maseth, who was electrocuted in January while showering in his barracks in Iraq. http://www.ibtimes.com/articles/20080908/pentagon-ig-reviewing-18-possible-electrocutions.htm Mon, 08 Sep 2008 18:24:48 EDT Shares of engineering and construction company McDermott International Inc. rose Monday after an analyst called the company "one of the most compelling names in the E&C space." http://www.ibtimes.com/articles/20080908/ahead-of-the-bell-mcdermott-international-climbs.htm Mon, 08 Sep 2008 08:03:46 EDT Engineering and construction services provider KBR Inc. said Friday it has received a contract from Changzhou Kingboard Century Chemical Co. Ltd. for a new phenol plant in Changzhou, China. http://www.ibtimes.com/articles/20080905/kbr-receives-kingboard-contract-for-phenol-plant.htm Fri, 05 Sep 2008 08:41:07 EDT A former chief executive of construction firm KBR Inc. has pleaded guilty to federal bribery charges in connection with the company's natural gas operations in Nigeria from 1995 to 2004. http://www.ibtimes.com/articles/20080904/doj-ex-kbr-chief-pleads-guilty-to-bribery-charges.htm Thu, 04 Sep 2008 06:55:41 EDT August auto sales fall but some say worst is over DETROIT (AP)--Nearly every major automaker saw its U.S. sales drop in August, but many are seeing signs that the worst slump in recent history may have bottomed out. http://www.ibtimes.com/articles/20080903/business-highlights.htm Wed, 03 Sep 2008 18:08:52 EDT A former chief executive of construction firm KBR Inc. pleaded guilty Wednesday to federal bribery charges in connection with the company's natural gas operations in Nigeria from 1995 to 2004. http://www.ibtimes.com/articles/20080903/doj-ex-kbr-chief-pleads-guilty-to-bribery-charges.htm Wed, 03 Sep 2008 21:57:51 EDT Shares of several engineering and construction companies tumbled Tuesday as an analyst said lower energy commodity prices may cut into growth. Barry Bannister of Stifel, Nicolaus and Co. wrote in an investor note that global economic development may create "more constant, less cyclical engineering and construction growth." http://www.ibtimes.com/articles/20080902/sector-snap-engineering-construction-firms-slide.htm Tue, 02 Sep 2008 14:10:47 EDT The families of 12 Nepali men killed by Iraqi insurgents have filed a federal lawsuit accusing defense contractor KBR Inc. and a Jordanian subcontractor of human trafficking, saying the men were sent to work in Iraq against their will after being promised jobs in a posh hotel in Jordan. http://www.ibtimes.com/articles/20080828/defense-contractor-accused-of-human-trafficking.htm Thu, 28 Aug 2008 15:51:40 EDT Defense contractor KBR Inc. and a Jordanian subcontractor are accused of human trafficking in a federal lawsuit filed in Los Angeles. The suit alleges 12 Nepali men were being transported to Iraq against their will when they were killed in an insurgent attack. http://www.ibtimes.com/articles/20080828/defense-contractor-accused-of-human-trafficking.htm Thu, 28 Aug 2008 13:14:48 EDT Engineering and construction services provider KBR Inc. said Wednesday its BE&K Construction business has received a contract to rebuild a boiler at a Weyerhaeuser Co. plant in Mississippi. http://www.ibtimes.com/articles/20080827/kbr-unit-receives-weyerhaeuser-contract.htm Wed, 27 Aug 2008 20:06:58 EDT Engineering and construction services provider KBR Inc. said Tuesday that a $40 million judgment against it in favor a subcontractor that performed work for KBR in Iraq has been cut to $27 million. http://www.ibtimes.com/articles/20080826/judgment-against-kbr-reduced-by-13m-to-27m.htm Tue, 26 Aug 2008 18:57:30 EDT Military contracts in the Iraq theater have cost taxpayers at least $85 billion, and when it comes to providing security, they might not be any cheaper than using military personnel, according to a report released Tuesday. http://www.ibtimes.com/data/articleimgs/108006-us-iraq-contractors.jpg http://www.ibtimes.com/articles/20080813/report-iraq-contracts-have-cost-at-least-85b.htm http://www.ibtimes.com/articles/20080813/report-iraq-contracts-have-cost-at-least-85b.htm Wed, 13 Aug 2008 00:35:36 EDT