Babcock & Wilcox fends off early April default with last minute loan from shareholder

Future remains uncertain even after close of most renewables "loss projects"


(USA) – The US steam generation technology company Babcock & Wilcox Enterprises has continued its plunge into the red. In its 2018 annual SEC filing submitted early this month, the company reported a consolidated net loss of $725m (ca. €640m; $1 = €0.88). A year earlier B&W had posted a loss of nearly $380m. ...

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