Babcock & Wilcox is splitting its business in two, creating a power-generation business that will retain the Babcock & Wilcox name and a company known as BWX Technologies that will include the company's naval nuclear reactor manufacturing and government services work. Company executives said at a meeting with investors Wednesday the split will allow the management teams of each company to focus on their particular markets. The split marks just the latest effort by contractors to separate their businesses into...
