Content Tagged As shaw_group

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  • Former Shaw exec pleads guilty to insider trading

    June 27, 2014 10:46 AM

    BATON ROUGE - The U. S. Attorney's Office announced Friday that former Shaw Group executive Scott David Zeringue pleaded guilty to insider trading for deals made before the company's merger with CB&I in 2012. Prosecutors said Zeringue, a vice president at Shaw's Plant Services Division, admitted in court that... more »
  • CB&I bringing 400 new jobs to Baton Rouge

    July 8, 2013 3:33 PM

    BATON ROUGE - CB&I, the company that bought the Baton Rouge-based Shaw Group, is expanding its presence in the capital city, moving 400 jobs there from out-of-state locations. The company and Gov. Bobby Jindal announced Monday that CB&I is centralizing a second of its four operating groups in Louisiana. Jindal... more »
  • 'Shaw' sign removed from iconic post near Essen/I-10

    February 13, 2013 2:28 PM

    BATON ROUGE- Crews began removing signs from the former Shaw compound on Essen Lane Wednesday, after a multi-billion dollar deal to purchase the business was closed. CB&I completed its acquisition after signing documents at the Secretary of State's Office earlier in the day. The move means the Capital City... more »
  • CB&I completes Shaw acquisition

    February 13, 2013 11:08 AM

    BATON ROUGE - CB&I completed its acquisition of The Shaw Group Inc. Wednesday, a move that means Baton Rouge will no longer be headquarters for a Fortune 500 company. CB&I and Shaw shareholders overwhelmingly approved the $3 billion deal in December. CB&I will operate Shaw as a separate business unit... more »
  • Shaw deal to be signed Wednesday Play Video

    February 12, 2013 10:41 PM

    BATON ROUGE- Wednesday morning, Shaw and CB&I will sign the dotted line and seal the deal on a multi-billion dollar purchase. CB&I is buying the area's only Fortune 500 company. Shaw employs around 4,000 people in Louisiana, a thousand work in Baton Rouge. "We have a commitment from... more »
  • La. congressman pushes Shaw CEO for energy job

    February 4, 2013 4:55 PM

    BATON ROUGE - A Louisiana congressman is urging President Barack Obama to choose Shaw Group CEO and founder Jim Bernhard as his new energy secretary. Bernhard told News 2 last week that he was being considered to fill the position being vacated by Stephen Chu. And U.S. Rep. Rodney... more »
  • Shaw Founder: "I am under consideration" for Energy Secretary Post

    February 1, 2013 2:00 PM

    BATON ROUGE - Shaw Group Founder Jim Bernhard told News 2 today he is up for consideration to replace Stephen Chu as the Secretary of the Department of Energy. He also said there are other names out there to become the country's next Secretary of Energy. Bernhard recently... more »
  • Shaw sets meeting for vote on sale

    November 21, 2012 10:43 AM

    BATON ROUGE - Shareholders of The Shaw Group Inc. will meet Dec. 21 to vote on the Baton Rouge company's $3 billion sale to CB&I. Shaw announced Tuesday that the meeting will be held at the company's Essen Lane headquarters. The Advocate reports those who hold shares of Shaw as... more »
  • Chicago Bridge & Iron to buy Shaw Group for $3.04B

    July 30, 2012 10:14 AM

    BATON ROUGE - Chicago Bridge & Iron Co. says it has agreed to buy Baton Rouge-based Shaw Group Inc. for about $3.04 billion in cash and stock. The company, also known as CB&I, says the addition of Shaw will create one of the most complete companies building equipment to tap... more »
  • Shaw Group posts 3rd-quarter loss of $16 million

    July 10, 2012 10:38 AM

    BATON ROUGE - The Shaw Group Inc. said today that losses narrowed in its fiscal third quarter, though most of that was because the company took a special impairment charge in the same period last year. The Baton Rouge technology and engineering firm reported a net loss of $16 million,... more »
  • Shaw Group building first nuclear reactor in decades

    February 9, 2012 3:05 PM

    BATON ROUGE - The Baton Rouge-based Shaw Group will build the first new nuclear power plant the U.S. has seen in decades. The Nuclear Regulatory Commission voted 4-1 to approve Atlanta-based Southern Co.'s request to build two nuclear reactors at its Vogtle site south of Augusta. Representatives from... more »
  • Shaw Group helping with crippled nukes

    March 23, 2011 4:52 AM

    BATON ROUGE- A Louisiana company says it is providing support services for the crippled nuclear power station in Japan. The Shaw Group Inc., based in Baton Rouge, says it will be helping Toshiba Corp. at the Fukushima Daiichi plant. Shaw says it will assist Toshiba with remediation and recovery services... more »
  • Shaw Group to engineer plant in India

    December 8, 2010 11:04 AM

    BATON ROUGE - The Shaw Group Inc. says it has been selected by an India-based company to provide technology and engineering for an ethylene plant. Terms of the agreement were not disclosed Wednesday by Baton Rouge-based Shaw. The plant will be part of GAIL Ltd.'s petrochemical complex in Pata, India.... more »
  • Shaw Group fiscal 3Q earnings jump

    July 12, 2010 11:24 AM

    The Shaw Group Inc. said its fiscal third-quarter earnings skyrocketed because of gains in foreign currency conversions tied to its investment in the Westinghouse Group. For the three months ending May 31, Shaw earned $68.4 million, or 79 cents per share, compared with year-ago earnings of $7.9 million, or... more »
  • Shaw gets nuclear plant contract

    September 17, 2009 2:27 PM

    The Shaw Group has been awarded a six year contract with Ameren Corporation of Saint Louis. The Baton Rouge based group will provide maitenance services at the Callaway nuclear power plant in Missouri. No word as of yet on the terms of the contract. more »

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