Why McDermott International, Roku, and NeoPhotonics Slumped Today [The Motley Fool]
MCDERMOTT INTL (MDR)
Last mcdermott intl earnings: 11/4 04:15 pm
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Source: The Motley Fool
Why McDermott International, Roku, and NeoPhotonics Slumped Today Dan Caplinger Sep 8, 09 at :8PM Wednesday was a momentous day on Wall Street, with the Federal Open Market Committee deciding to lower interest rates in a split decision. The central bank settled on a quarter-point cut, but two officials voted to keep rates steady, and another wanted a larger half-point reduction instead. That kept markets volatile, but some stocks ended the session with big losses. McDermott International ( NYSE:MDR Roku NASDAQ:ROKU NeoPhotonics NYSE:NPTN McDermott provokes fears about its future Shares of McDermott International plunged % after the energy construction and engineering specialist reportedly brought on professional consultants to help it turn around its ailing business. In a statement, McDermott said that hiring external advisors is a routine event and that it's looking to take "positive and proactive measures ... to improve its capital structure and the long-term health of its balance s
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