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SHAW-GROUP

The Wire

Shares of Shaw Group jump after large buys by CEO

Shares of the Shaw Group jumped Thursday soon after the CEO of the engineering and construction firm bought $6.4 million worth of shares this week.

Shaw Group extends credit facility to October 2012

Engineering and construction company Shaw Group Inc. said Friday it extended a $1 billion credit line to October 2012 by pledging its tangible and intangible assets.

Shaw Group receives New Jersey turnpike contract

The Shaw Group Inc. said Thursday it received a contract from the New Jersey Turnpike Authority to perform construction management and inspection services for enlarging a turnpike in central New Jersey.

Obama adviser paid millions as hedge fund director

Lawrence Summers, President Barack Obama's top economic adviser, earned millions over the past year as managing director of the hedge fund D.E. Shaw Group and through speaking fees, some from financial institutions now at the center of the government's rescue program.

Shaw Group Swings to 1Q Profit

Strong demand for fossil and nuclear power projects pushed The Shaw Group Inc., an engineering, construction and environmental contractor, to a first-quarter profit, the company said Wednesday.

Shaw Group Posts 3Q Profit

Shaw Group Inc., an engineering and construction services provider, posted a third-quarter profit on Wednesday, citing strong demand for power generation capacity and petrochemicals processing.

The Vine
Bankrupted Dana Holding Corp spent $2.3 million shuttling CEO and VP to their California homes!
Source: The Thomas Tribune

It is despicable that a company can file for bankruptcy, then emerge and continue its wasteful spending habits. It's these types of stories that cause me to be against any sort of corporate bailouts.

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