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AECOM 3Q Earnings Top Street Forecast, Revenue Misses on Energy Market Headwinds

AECOM (NYSE: ACM) reported third fiscal quarter earnings above the consensus analyst outlook Tuesday as revenue for the period fell year-over-year on continued softness in the oil and gas markets with exacerbated effects from the mid-year fire in Fort McMurray, Canada. Earnings for the quarter ended June 30 came in at 81 …

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Exelon, Pepco Seek Regulatory Approval for Merger; Chris Crane Comments

Exelon Corp. (NYSE: EXC) and Pepco Holdings Inc. (NYSE: POM) have filed approval applications with regulators in Delaware, D.C. and New Jersey for their proposed merger. The companies intend to combine their electric and gas utilities into an electric and gas business in the mid-Atlantic, Exelon said Wednesday. “We are …

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Exelon Signs $7B Cash Deal to Buy Pepco; Chris Crane Comments

Chicago-based energy producer and distributor Exelon Corp. (NYSE: EXC) has agreed to buy the parent company of mid-Atlantic regional electricity and gas provider Pepco for approximately $6.8 billion in cash, or $27.25 per share. The companies expect the transaction to close in either the second or third quarter of 2015 …

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URS FY 2012 Revenue Up 15, 4Q Jumps 24%; Martin Koffel Comments

URS Corp. (NYSE: URS) has announced financial results for its full 2012 fiscal year ended Dec. 28, 2012. The San Francisco-based engineering and government contractor reported $10.97 billion in revenue for the full year, a 15-percent increase over fiscal 2011 figures. Fourth quarter 2012 revenue increased 24.2 percent over the prior …

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URS Oil & Gas Sector Helps Drive 19% 3Q Revenue Jump; Mark Cabrey Comments

URS Corp. (NYSE: URS) has announced financial results for the third quarter of its 2012 fiscal year, ended Sept. 28, 2012. The company reported third quarter revenues of $2.95 billion, representing a 19 percent increase from the $2.47 billion recorded for the third quarter of 2011. Revenue in the oil …

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