International Business News - McDermott 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 An analyst downgraded shares of McDermott International Inc. Thursday after the energy infrastructure company reported its third-quarter profit fell on higher costs for offshore pipeline projects. http://www.ibtimes.com/articles/20081106/ahead-of-the-bell-mcdermott-international.htm Thu, 06 Nov 2008 09:27:04 EST McDermott International Inc. said Wednesday higher costs for offshore pipeline projects pushed third-quarter earnings sharply lower. The energy infrastructure construction company said net income fell to $85.6 million, or 37 cents per share, from $140.4 million, or 61 cents per share, in the year-ago period. http://www.ibtimes.com/articles/20081105/mcdermott-3q-profit-tumbles-on-higher-costs.htm Wed, 05 Nov 2008 18:24:04 EST Engineering and construction company McDermott International Inc. on Thursday said a subsidiary received contracts potentially worth up to $960 million to manufacture nuclear components for the U.S. military. http://www.ibtimes.com/articles/20081016/mcdermott-unit-gets-contracts-worth-up-to-960m.htm Thu, 16 Oct 2008 11:35:41 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 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 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 Among the stock activity stories for Tuesday, June 10, from AP Financial News: NEW YORK (AP)--Shares of McDermott International Inc. declined Tuesday after a Calyon Securities analyst downgraded the construction and engineering company, saying shares are trading at a fair price after a steady run-up. http://www.ibtimes.com/articles/20080610/movers-roundup-mcdermott-international-at-t.htm Tue, 10 Jun 2008 14:42:11 EDT Shares of McDermott International Inc. declined Tuesday after a Calyon Securities analyst downgraded the construction and engineering company, saying shares are trading at a fair price after a steady run-up. http://www.ibtimes.com/articles/20080610/mcdermott-international-slips-on-calyon-downgrade.htm Tue, 10 Jun 2008 17:18:48 EDT Engineering and construction company McDermott International Inc. said Friday that one of its subsidiaries has entered into a joint venture with a subsidiary of the state-owned China Shipbuilding Industry Corp. http://www.ibtimes.com/articles/20080606/mcdermott-enters-china-joint-venture.htm Fri, 06 Jun 2008 11:29:14 EDT The senior vice president and chief financial officer of engineering and construction company McDermott International Inc., exercised options for 22,000 shares of common stock, according to a Securities and Exchange Commission filing Monday. http://www.ibtimes.com/articles/20080603/mcdermott-chief-financial-officer-sells-shares.htm Tue, 03 Jun 2008 15:36:11 EDT Standard & Poor's Rating Services said Wednesday it upgraded its corporate credit rating on engineering and construction company McDermott International Inc. and its subsidiaries to "BB+" from "BB," citing its performance in 2007. The outlook is positive. http://www.ibtimes.com/articles/20080528/s-p-raises-mcdermott-to-bb-on-performance.htm Wed, 28 May 2008 15:49:40 EDT The executive vice president and chief administrative and legal officer of McDermott International Inc. exercised options for 103,200 shares of common stock, according to a Securities and Exchange Commission filing. http://www.ibtimes.com/articles/20080528/mcdermott-international-exec-vp-exercises-options.htm Wed, 28 May 2008 12:37:17 EDT Engineering and construction company McDermott International Inc. said Friday its Babcock & Wilcox Co. unit has been awarded a contract valued at more than $70 million from Great River Energy. http://www.ibtimes.com/articles/20080516/mcdermott-intl-subsidiary-wins-70m-contract.htm Fri, 16 May 2008 08:46:15 EDT Engineering and construction services provider McDermott International Inc. said Monday its first-quarter profit fell 22 percent due to weather-related downtime in its offshore oil and gas construction segment and fewer project close-outs, change orders and settlements. http://www.ibtimes.com/articles/20080512/mcdermott-intl-1q-profit-falls-22-percent.htm Mon, 12 May 2008 16:55:55 EDT Engineering company McDermott International Inc. said Monday that subsidiaries of its energy services arm J. Ray McDermott SA were awarded two contracts for offshore construction projects with a combined value of more than $500 million. http://www.ibtimes.com/articles/20080505/mcdermott-wins-international-offshore-contracts-worth-500m.htm Mon, 05 May 2008 07:35:44 EDT Shares of McDermott International Inc. fell sharply on Tuesday after the Houston-based energy services company predicted first-quarter profit below analyst estimates. http://www.ibtimes.com/articles/20080429/mcdermott-shares-fall-after-weak-1st-quarter-outlook.htm Tue, 29 Apr 2008 13:39:39 EDT Energy services company McDermott International Inc. on Monday projected first-quarter profit below analyst expectations, following bad weather which hurt profit and revenue in one of the company's divisions. http://www.ibtimes.com/articles/20080428/mcdermott-international-sees-1q-profit-below-analyst-outlook.htm Mon, 28 Apr 2008 18:05:34 EDT