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Construction and Engineering

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  • July 28- D.R. Horton Inc, the No.1 U.S. homebuilder, reported a higher-than-expected quarterly profit as it sold more homes at higher prices, and it reported a 22 percent rise in orders. Shares of D.R. Horton, which caters to people buying their first or second homes, rose 1.3 percent to $27.1 in premarket trading on Tuesday. D.R. Horton's orders rose to 10,398 homes in...

  • July 28- D.R. Horton Inc, the No.1 U.S. homebuilder, said quarterly profit nearly doubled as it sold more homes, and it reported a 22 percent rise in orders. The company's net income rose to $221.4 million, or 60 cents per share in the third quarter ended June 30, from $113.1 million, or 32 cents per share, a year earlier. The company's home sales revenue rose about 37 percent...

  • July 24- Prosecutors and federal police in Brazil unearthed the country's largest-ever corruption scandal by tying a ring of black-market money changers to a price-fixing and political kickback scheme at state-run oil firm Petrobras. Executives from two dozen engineering firms are accused of inflating the value of service contracts and funneling the...

  • NEW YORK, July 24- U.S. Treasury debt prices drifted higher on Friday, as investors sought safety in government bonds after a softer-than-expected U.S. housing report and amid a persistent downtrend in commodities and weakness on Wall Street. "Overall, a weaker-than-expected release that has marginally supported the Treasury market, although we'll concede...

  • WASHINGTON— The U.S. housing market has sizzled this summer, lifting expectations that home sales will finally help drive an economic expansion now in its seventh year. Signs are emerging that housing's momentum may be destined to falter in coming months. Analysts note that some of the key foundations needed to sustain a brisk pace of home-buying in the long run...

  • WASHINGTON, July 24- New U.S. single-family home sales fell in June to their lowest level in seven months and May's sales were revised sharply lower, in what appeared to be a minor setback for the housing market recovery. New home sales dropped 6.8 percent to a seasonally adjusted annual rate of 482,000 units, the lowest level since last November, the Commerce...

  • TREASURIES-Prices edge up as U.S. new-home sales fall Friday, 24 Jul 2015 | 10:35 AM ET

    NEW YORK, July 24- U.S. Treasury debt prices drifted higher on Friday in choppy trading, as investors sought safety in government bonds after a softer-than-expected U.S. housing report and amid a persistent downtrend in commodities and weakness on Wall Street. "Overall, a weaker-than-expected release that has marginally supported the Treasury market,...

  • U.S. new home sales fall to seven-month low Friday, 24 Jul 2015 | 10:01 AM ET

    WASHINGTON, July 24- New U.S. single-family home sales fell in June to their lowest level in seven months and May's sales were revised sharply lower, in what appeared to be a minor setback for the housing market recovery. The Commerce Department said on Friday sales declined 6.8 percent to a seasonally adjusted annual rate of 482,000 units, the lowest level since...

  • WASHINGTON— US new-home sales fell 6.8 pct. in June; possible sign of hot real estate market cooling off.

  • US new-home sales hit June slump Friday, 24 Jul 2015 | 10:00 AM ET

    WASHINGTON— Fewer Americans bought new homes in June, a possible sign that the real estate market might not be as hot as it appeared at the start of summer. The Commerce Department said Friday that new-home sales slumped 6.8 percent last month to a seasonally adjusted annual rate of 482,000. The report also revised May sales down to a rate of 517,000 from 546,000..

  • WASHINGTON— The Commerce Department reports on sales of new homes in June at 10 a.m. Eastern Friday. HIGHER SALES: Economists expect a 0.5 percent increase in new-home sales to a seasonally adjusted annual rate of 548,000, according to a survey by data the firm FactSet. Sales of existing homes increased 3.2 percent in June to a seasonally adjusted annual rate of...

  • Builders FirstSource posts 2Q profit Thursday, 23 Jul 2015 | 5:54 PM ET

    DALLAS _ Builders FirstSource Inc. on Thursday reported second-quarter profit of $3.6 million. Builders FirstSource shares have more than doubled since the beginning of the year. Keywords: Builders FirstSource, Earnings Report.

  • M/I Homes posts 2Q profit Thursday, 23 Jul 2015 | 8:48 AM ET

    COLUMBUS, Ohio _ M/I Homes Inc. on Thursday reported second-quarter net income of $13.4 million. M/I Homes shares have increased slightly more than 8 percent since the beginning of the year. Keywords: M/I Homes, Earnings Report.

  • July 23- PulteGroup Inc, the third-largest U.S. homebuilder, reported a quarterly profit that more than doubled as costs nearly halved. The company said home sales fell across the United States, except the North, led by a 15 percent decline in Texas, its fourth biggest market in terms of revenue. The company's net income rose to $103.3 million, or 28 cents per share,...

  • PulteGroup profit doubles as costs fall Thursday, 23 Jul 2015 | 6:50 AM ET

    July 23- PulteGroup Inc, the third largest U.S. homebuilder, reported a quarterly profit that more than doubled from a year earlier as costs declined. The company's net income rose to $103.3 million, or 28 cents per share, in the second quarter ended June 30, from $41.9 million, or 11 cents per share, a year earlier. The latest quarter includes a pre-tax benefit of $27...

  • FORT MCMURRAY, Alberta, July 22- Infrastructure at the site in northern Alberta of one of the biggest oil-related pipeline spills ever on North American soil was installed on a "tight schedule", according to the firm that developed some of the pipeline's safety technology. The engineering firm, French-based ITP Interpipe, said in a June 2014 presentation to the...

  • GENEVA, July 22- The Swiss Attorney General's office said on Wednesday it has widened a corruption investigation into Brazilian oil firm Petrobras to include Latin America's largest engineering and construction company, Odebrecht SA, and its subsidiaries. Marcelo Odebrecht, chief executive of Brazil- based Odebrecht SA, was arrested in Sao Paulo last month...

  • WASHINGTON, July 22- U.S. home resales rose in June to their highest level in nearly 8-1/ 2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the Federal Reserve on track to raise interest rates later this year. The National Association of Realtors said on Wednesday existing home sales increased 3.2 percent to an annual...

  • WRAPUP 1-U.S. home sales near 8-1/2-year high, prices rise Wednesday, 22 Jul 2015 | 10:55 AM ET

    *Existing home sales increase 3.2 percent in June. WASHINGTON, July 22- U.S. home resales rose in June to their highest level in nearly 8-1/ 2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the Federal Reserve on track to raise interest rates later this year. The National Association of Realtors said on Wednesday existing...

  • DEALTALK-Spending cuts fuel government contractor M&A Wednesday, 22 Jul 2015 | 12:59 AM ET

    NEW YORK/ WASHINGTON, July 22- Companies that provide the U.S. government with services ranging from air traffic management and data analytics to janitors and trainers for military dolphins are increasingly trying to find buyers for those businesses as cuts in public spending erode profit margins. Showing growing impatience with a declining sector,...