Author: 123jump.com Staff
123jump.com
Last Update: 12:44 PM EDT May 07 2008


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Foster Wheeler rose after it reported higher earnings and sales. Foster Wheeler, engineering contractor benefited from the the strong demand in petrochemical refining and power generation areas. However, clients are expressing concerns on the slow growth in the North America and rising cost inflation in the region. Transocean, largest offshore drilling contractor reported revenue jumped 138% on day rates across the fleet rose 15%. Ultra deepwater floater day rate jumped 25% to $380,000.