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Moody's upgrades McDermott International to 'Ba2' from 'Ba3'

SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Tuesday upgraded the corporate family ratings of McDermott International Inc. and J Ray McDermott S.A. to Ba2 from Ba3 and upgraded their probability of default ratings to Ba3 from B1. The upgrade reflects Moody's expectation that end market demand for the companies' respective business segments are likely to remain favorable...

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McDermott International: Energy Diversified

Michael Filloon submits: In volatile markets, such as the one we are in, it is good to be able to find diversification. Diversification is important due to the large movements, fueled by traders within different sectors. This should continue, as there isn't any transparency. In my eyes, at least, things are clearing up a little. We have a much worse housing/mortgage market. The Fed speak on the last...

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J. Ray McDermott Signs Joint Venture Agreement to Establish New Fabrication Facility in China

HOUSTON - McDermott International, Inc. (NYSE:MDR) (“McDermott” or the “Company”), announced today that a subsidiary of J. Ray McDermott, S.A. has entered into a jo

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Movers roundup: McDermott International, AT&T

Shares of McDermott International Inc. declined Tuesday after a Calyon Securities analyst downgraded the construction and engineering company, saying shares are trading at a fair price after a steady run-up.

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Babcock & Wilcox acquires Intech companies

The Babcock & Wilcox Co., a subsidiary of McDermott International Inc., has acquired the Intech group of companies. (MDR)

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B&W Acquires the Intech Group of Companies

HOUSTON--(BUSINESS WIRE)--McDermott International, Inc. (“McDermott”) (NYSE:MDR) announced today that its subsidiary, The Babcock

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TPH Partners Names Senior Advisors

... and businesses. He was most recently executive vice president and chief financial officer of McDermott International, a position he took in 2002. Prior to joining McDermott International, Kalman was senior vice president and chief financial officer of Vector ESP, Inc., a technology solutions provider. He has also served as chief financial officer and a principal of Pinnacle...

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TPH Partners Names Senior Advisors

Prior to joining McDermott International, Kalman was senior vice president and chief financial officer of Vector ESP, Inc., a technology solutions provider. He has also served as chief financial officer and a principal of Pinnacle Equity Partners, L.L.C., and has served as executive vice president and chief financial officer of several companies including: Chemical Logistics Corporation,...

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Jim Cramer’s Mad Money Stock Picks for Thursday June 19 2008

Jim Cramer’s Mad Money Stock Picks for Thursday June 19 2008. These are all of Jim Cramer’s stock picks that are a Buy! I bold my picks. Buy: Costco (COST) Foster Wheeler (FWLT) General Steel (GSI) Petrohawk Energy (HK) McDermott International (MDR) Merck (MRK) Qualcomm (QCOM) Reliance Steel (RS) TJX Companies (TJX) Urban Outfitters (URBN) Walter Industries (WLT) Wal-Mart (WMT) United...