Integrated Electrical Services, Inc. announced it has expanded its existing surety facility and established a new co-surety facility that increases its capacity to $325 from $150 Million.
“We are very pleased to expand our relationship with our surety partners to significantly increase our capacity,” stated Michael Caliel, IES’ president and chief executive officer. “This agreement is [...]

The world’s leading earthmoving equipment manufacturer, Caterpillar Inc. and Trimble, the leading innovator in developing technology for mobile and work applications, announced today the creation of a new joint venture company and a new distribution agreement. The new company, VirtualSite Solutions, will integrate the deep expertise of both parent companies in the areas of product [...]

McDermott International, Inc. (NYSE:MDR) (“McDermott” or the “Company”), announced today that a subsidiary of J. Ray McDermott, S.A. has entered into a joint venture with a subsidiary of state-owned China Shipbuilding Industry Corporation (“CSIC”).
The joint venture company, Qingdao McDermott Wuchuan Offshore Engineering Company Ltd. (“McDermott Wuchuan”), plans to establish a new facility on over 111 [...]