International Business News - MDR 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 Among the premarket activity stories for Monday, Sept. 8, from AP Financial News: NEW YORK (AP)--An analyst downgraded shares of carpet and flooring maker Mohawk Industries Inc. on its exposure to weakening U.S. nonresidential and European markets and the stock's summer surge. http://www.ibtimes.com/articles/20080908/premarket-roundup-mohawk-industries-phh.htm Mon, 08 Sep 2008 09:01:59 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 A U.S. government agency said Thursday it has provided a $400 million loan guarantee to support exports to India by several domestic engineering firms. http://www.ibtimes.com/articles/20080828/us-provides-400m-in-financing-to-support-exports.htm Thu, 28 Aug 2008 16:13:11 EDT Almost three years after Hurricane Katrina, interest increasingly is focusing on New Orleans' economy, and whether rebuilding now under way has breathed new life into what had been a back-in-the pack business climate. http://www.ibtimes.com/articles/20080818/new-orleans-still-searching-for-economic-elixir.htm Mon, 18 Aug 2008 13:41:12 EDT Engineering and construction firm McDermott International Inc. said Friday it named John A. Fees its new president and chief executive. Fees--who was also named to the board--succeeds Bruce W. Wilkinson, 64, who is retiring, McDermott said. The appointment is effective Oct. 1. http://www.ibtimes.com/articles/20080815/mcdermott-names-new-ceo-and-chairman.htm Fri, 15 Aug 2008 12:23:48 EDT Shares of engineering and construction company McDermott International Inc. fell 8 percent Thursday as an analyst downgraded it to "Hold" from "Buy." Analyst Brian Chin of Citigroup Global Markets set a target price of $42, down from $77. Shares closed at $38.70 on Wednesday. http://www.ibtimes.com/articles/20080814/mcdermott-international-shares-drop-9-percent.htm Thu, 14 Aug 2008 18:12:57 EDT John T. Nesser III was elected executive vice president and chief operating officer of J. Ray McDermott, SA, a subsidiary of McDermott International Inc., effective Oct. 1, the company said Thursday. http://www.ibtimes.com/articles/20080814/mcdermott-international-subsidiary-names-coo.htm Thu, 14 Aug 2008 14:39:56 EDT Among the earnings stories for Tuesday, Aug. 12, from AP Financial News: NEW YORK (AP)--Shares of Bway Holding Co. hit a 52-week high on Tuesday, after the supplier of metal and plastic containers said it swung to a fiscal third-quarter profit and raised fiscal-year guidance. http://www.ibtimes.com/articles/20080812/earnings-roundup-bway-kv-pharmaceutical.htm Tue, 12 Aug 2008 14:34:14 EDT Shares of McDermott International Inc. dropped Tuesday after the engineering and construction company's second-quarter revenue fell short of Wall Street's expectations, though several analysts kept top ratings. http://www.ibtimes.com/articles/20080812/mcdermott-intl-shares-drop-after-2q-sales-miss.htm Tue, 12 Aug 2008 12:44:18 EDT Engineering and construction business McDermott International Inc. said Tuesday that a subsidiary has purchased the Intech group of companies to improve its commercial nuclear service business. http://www.ibtimes.com/articles/20080715/mcdermott-subsidiary-acquires-intech-companies.htm Tue, 15 Jul 2008 15:05:02 EDT Babcock & Wilcox Co., a unit of McDermott International, agreed to purchase Delta Power Services LLC from privately held Olympus Services LLC. Financial terms of the deal were not disclosed. http://www.ibtimes.com/articles/20080715/babcock-wilcox-buys-delta-power-services.htm Tue, 15 Jul 2008 10:36:26 EDT Shares of construction and engineering companies traded higher on Thursday, helped by better-than-expected quarterly earnings from Shaw Group Inc. The Baton Rouge, La., company said its fiscal third-quarter earnings came in at an adjusted 70 cents per share, beating Wall Street estimates by 8 cents per share. http://www.ibtimes.com/articles/20080710/closing-glance-heavy-construction-shares-rise.htm Thu, 10 Jul 2008 16:15:20 EDT Shares of construction and engineering companies closed mixed Tuesday. The broader market rallied on sharp decline in oil prices and the possibility that the Federal Reserve may extend help to the financial sector. http://www.ibtimes.com/articles/20080708/closing-glance-construction-shares-mixed.htm Tue, 08 Jul 2008 16:45:35 EDT Shares of heavy construction and engineering companies fell alongside broader indexes on Wednesday, while a KeyBanc Capital Markets analyst said that lower state government spending could affect some companies in the sector. http://www.ibtimes.com/articles/20080702/sector-wrap-construction-engineering-shares-drop.htm Wed, 02 Jul 2008 14:18:20 EDT Shares of construction and engineering companies fell sharply at the opening bell after the Commerce Department reported construction spending fell 0.4 percent in May. Broader indexes also retreated. http://www.ibtimes.com/articles/20080701/opening-glance-heavy-construction-starts-lower.htm Tue, 01 Jul 2008 10:32:13 EDT Shares of construction and engineering companies traded mostly lower Friday morning amid marketwide declines as investors remained anxious over continually rising oil prices. http://www.ibtimes.com/articles/20080627/opening-glance-construction-engineering-decline.htm Fri, 27 Jun 2008 10:31:46 EDT Shares of construction and engineering companies started mixed as the broader market was lifted ahead of the Federal Reserve's decision on interest rates. http://www.ibtimes.com/articles/20080625/opening-glance-heavy-construction-shares-mixed.htm Wed, 25 Jun 2008 10:40:22 EDT Shares of construction and engineering companies advanced after the opening bell as the broader market edged higher. Here's how some shares of construction and engineering firms are faring: http://www.ibtimes.com/articles/20080623/opening-glance-construction-shares-advance.htm Mon, 23 Jun 2008 10:37:46 EDT Shares of engineering and construction companies opened mixed on Wednesday following news that Pike Electric Corp. is buying a unit of Shaw Group Inc. for about $24 million, sending shares of both companies higher. http://www.ibtimes.com/articles/20080619/opening-glance-construction-engineering-mixed.htm Thu, 19 Jun 2008 10:24:51 EDT The American Institute of Architects said nonresidential construction billings continued to decline in May for the fourth straight month--and at a faster rate than the month before--indicating continued weakness in nonresidential building. http://www.ibtimes.com/articles/20080618/new-architectural-billings-continue-falling-in-may.htm Wed, 18 Jun 2008 06:18:14 EDT