McDermott International Inc
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Energy : Energy Equipment & Services | Small Cap ValueCompany profile

McDermott International, Inc. is a provider of integrated engineering, procurement, construction and installation (EPCI), front-end engineering and design (FEED) and module fabrication services for upstream field developments across the world. The Company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for offshore and subsea oil and gas projects. It operates through three segments: the Americas, Europe and Africa (AEA), the Middle East (MEA) and Asia (ASA). As of December 31, 2016, operated in approximately 20 countries across the Americas, Europe, Africa, the Middle East, Asia and Australia, its integrated resources include a diversified fleet of marine vessels, fabrication facilities and engineering offices. It support its activities with project management and procurement services, while utilizing its fully integrated capabilities in both shallow water and deepwater construction.

Closing Price
$7.60
Day's Change
-0.11 (-1.43%)
Bid
--
Ask
--
B/A Size
--
Day's High
7.75
Day's Low
7.49
Volume
(Light)
Volume:
3,105,586

10-day average volume:
4,341,917
3,105,586

UPDATE: Netflix hires former Activision Blizzard CFO Spencer Neumann to be new chief financial officer

12:35 pm ET January 2, 2019 (MarketWatch)
Print

Netflix Inc. (NFLX) has hired former Activision Blizzard Inc. (ATVI) CFO Spencer Neumann to be its new chief financial officer, the streaming giant announced Wednesday. He will succeed David Wells, who has served in the position since 2010. The announcement from Netflix comes on the heels of a Monday disclosure by Activision that it was firing Neumann for undisclosed reasons (http://www.marketwatch.com/story/activision-blizzard-wants-to-fire-cfo-2018-12-31) and a Monday Reuters report that Netflix was expected to name Neumann as its new CFO. Activision said in a Monday securities filing that it was planning to terminate Neumann for cause, but did not say what the cause was. The videogame publisher did note that it was "unrelated to the company's financial reporting or disclosure controls and procedures." In 2017, Activision hired Neumann away from the Walt Disney Co. (DIS), where he was CFO and an executive vice president. He initially joined Disney in 1992. Shares of Netflix have gained 31% in the past 12 months, while shares of Activision have fallen 26%. The S&P 500 has fallen 7% while the Dow Jones Industrial Average has fallen 6%.

-Sarah Toy; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 02, 2019 12:35 ET (17:35 GMT)

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