McDermott Intl. (MDR)
March 1, 2001
photo-10McDermott Intl., which owns the Babcock & Wilcox Company, reported a quarterly net loss of $25.5 million on Feb. 23, primarily as a result of the deconsolidation of B&W. The asbestos defendant filed its proposed reorganization plan a day earlier. News on both fronts dropped McDermotts's stock price about 2.5 points to just under $13 a share.
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