Thursday, July 10, 2008

Good financial news...for a change

Amidst the turmoil plaguing the US economy and the AEC industry, there was some good news today for two well-known firms. Shares of engineering and construction firm Foster Wheeler closed at $64.17, up $2.94, or 4.8%, for the day. Meanwhile, shares of The Shaw Group rose Thursday after the construction and engineering megafirm posted a better-than-expected third-quarter profit. Shares closed at $60.78, up %5.47, or 9.9%, for the day. Analysts were optimistic about Shaw's prospects in the next 12 months, especially in its nuclear power segment among international customers, according to an Associated Press article posted on

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