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Fluor Narrows 2Q Losses; 3Q Report Possible by December

Thursday, November 12th, 2020

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Fluor Narrows 2Q Losses; 3Q Report Possible by December

Fluor Corp. [FLR], the financially troubled, Dallas-based Department of Energy contractor, continued to narrow its losses from continuing operations in the second quarter and first six months of 2020, the company said in a long-delayed second-quarter earnings report. Fluor’s second-quarter loss from continuing operations was about $20 million, an improvement from a loss of more than $435 million in the year-ago quarter. Quarterly revenue was a little lower, though about flat, at about $4.1 billion. For the half, loses were…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

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Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

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Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]