Companies are moving forward cautiously after the Securities and Exchange Commission has given permission to release material financial information via social media. One example is the California State Teachers' Retirement System, which plans to vet information it releases on social media to make sure it is not misleading and meets regulation.
Harsco has secured a $9 million contract to supply scaffolding and insulation to Royal Dutch Shell's refinery near Pernis, Netherlands. The ultra-low-sulfur fuel-production facility is expected to be finished by the end of 2011.
Large U.S. and Chinese construction firms this week signed an agreement aimed at creating jobs in both countries. Pennsylvania-based Harsco and China's Zhejiang Construction Materials will work together on Chinese railways and other infrastructure projects. The agreement could generate $100 million in additional revenue for Harsco over the next five years.