McDermott International News

HOUSTON - Construction and engineering company McDermott International Inc. said Monday it acquired stakes in two underwater oil and gas construction vessels from a Norwegian offshore services company.

The Babcock & Wilcox Co. a subsidiary of energy-focused engineering and construction firm McDermott International Inc.

BNET Government provides daily industry trends and global news coverage with insights for managers and executives within the world wide business of government contracting.

Lynchburg, VA, December 8, 2009 - The Babcock & Wilcox Company announced that its parent company, McDermott International, Inc.

One of Lynchburg's largest employers, Babcock & Wilcox, is planning to move its headquarters to North Carolina.

McDermott International Inc., the parent of Babcock and Wilcox Co., plans to spin off B&W and another McDermott subsidiary, J. Ray McDermott, into two independent, publicly traded companies.

Filed under: Major movement , Deals , Good news , Options , Technical Analysis McDermott International shares have risen over 10 percent in early trading on news that the company plans to split itself into two firms : The Babcock & Wilcox Co., and J. Ray McDermott.

Stock futures were indicating a lower opening following suit with oil and gold which were down in overnight trading.

A Babcock & Wilcox spokesman said today "no significant impact" is expected at the company's operational sites, including Y-12 and the Clinch River manufacturing facility in Oak Ridge, as a result of the spinoff of B&W from its parent, McDermott International Inc.

The Babcock & Wilcox Co. plans to move its corporate headquarters to Charlotte from Lynchburg, Va.

Building more prosperous, livable and sustainable regions in the Commonwealth of Virginia.

The engineering company will spin off Babcock & Wilcox , which also develops small-scale nuclear reactors.

Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 9 a.m. in New York.

McDermott International Inc. plans to separate its operating subsidiaries into two independent publicly traded companies.

Engineering and construction company McDermott International Inc. /quotes/comstock/13*!mdr /quotes/nls/mdr said Monday that it plans to separate its operating subsidiaries, Babcock & Wilcox Co.

You and I both know it's coming ... And when it does, millions of us will look back on the past year longingly.

In my recent interview with Acorn Energy CEO John Moore, I asked him if he expected coal to dominate our energy mix in 30 years.

Our analysts have issued complimentary analysis on the following six companies: LDK Solar Co.Ltd. , Omnicare Inc.

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the... NEWPORT, Pays de Galles, Royaume-Uni-- --Freightliner Group Ltd.

Increased revenue from oil and natural gas activity in the Middle East contributed to a 38 percent boost in McDermott International Inc.