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Opening Glance: Construction companies open mixed

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May 16, 2008

NEW YORK—Shares of construction and engineering companies opened mixed as the broader markets slipped following a report that consumer confidence hit a 28-year low while oil prices surpassed $127 a barrel.

On the positive side, McDermott International Inc. said Friday a subsidiary was awarded a $7 million contract to provide emissions control equipment for Great River Energy.

Here's how some shares of construction and engineering companies are faring:

McDermott International, up $1.63, or 2.8 percent, to $60.17.

KBR Inc., up 27 cents to $34.93.

Fluor Corp., down $1.82 to $189.82.

Perini Corp., down $1.54, or 3.7 percent, to $40.51.

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