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  • BEDFORD, N.Y.— A builder whose company worked on the World Trade Center in New York City, the Century City complex in Los Angeles and Walt Disney's EPCOT center in Florida among other high-profile developments has died. Tishman died Saturday morning at his home in Bedford, about 35 miles north of New York. He later oversaw the construction of some of the nation's...

  • MONTREAL, Feb 5- Canadian investment in the Manhattan commercial property market is expected to stay strong this year after quadrupling to hit a record in 2015, real estate specialists said. Canadians accounted for almost a third of the $25.6 billion in foreign capital that poured into Manhattan commercial properties last year, with investment swelling to...

  • Separate data on Friday showed that in Alberta, where the country's vast oil sands are located, January's unemployment rate rose to its highest level since February 1996. In the Prairies, which include Alberta, Saskatchewan and Manitoba, starts in urban areas fell 8.9 percent to 29,273 units. "That makes a lot of sense given we're seeing a pretty dramatic slowdown...

  • MONTREAL, Feb 5- Strong Canadian investment in the Manhattan commercial property market is expected to continue this year after quadrupling and hitting a record level in 2015, real estate specialists said. Canadians accounted for almost a third of the $25.6 billion in foreign capital that poured into Manhattan commercial properties last year, with...

  • TORONTO, Feb 4- Amid fears of a bubble in condominium prices in Canada's largest cities, developers say they are shifting from building condos to high-rise rental apartments, as institutional investors look for assets with steady cash flow. The result is, not only more rental units on offer in cities like Vancouver and Toronto, but a slowdown in the supply of new...

  • SANTIAGO, Feb 4- An Italian consortium, including construction company Astaldi Spa, is close to securing a contract to build the world's largest telescope in the Chilean desert, project owner the European Southern Observatory said on Thursday. The consortium includes major Italian builder Cimolai and subcontractor the EIE Group, as well as Astaldi.

  • M/I Homes posts 4Q profit Thursday, 4 Feb 2016 | 9:01 AM ET

    COLUMBUS, Ohio _ M/I Homes Inc. on Thursday reported fourth-quarter earnings of $13.3 million. On a per-share basis, the Columbus, Ohio- based company said it had profit of 43 cents. M/I Homes shares have decreased 22 percent since the beginning of the year.

  • GREIFSWALD, Germany— Scientists in Germany flipped the switch Wednesday on an experiment they hope will advance the quest for nuclear fusion, considered a clean and safe form of nuclear power. Following nine years of construction and testing, researchers at the Max Planck Institute for Plasma Physics in Greifswald injected a tiny amount of hydrogen into a...

  • SAO PAULO, Feb 1- Brookfield Asset Management Inc has withdrawn an offer to buy the 24.4 percent stake in infrastructure company Invepar held by Brazil's Grupo OAS SA because the Canadian firm was not given full management control of the company, two sources with direct knowledge of the situation said on Monday. Brookfield failed to reach an agreement with...

  • US construction spending hit 8-year-high in 2015 Monday, 1 Feb 2016 | 10:01 AM ET

    WASHINGTON— U.S. construction spending rebounded slightly in December, helping push total spending for 2015 to the highest level in eight years. Construction spending increased 0.1 percent in December after falling in October and November, the Commerce Department said Monday. For all of 2015, construction jumped 10.5 percent to $1.1 trillion, the highest...

  • U.S. construction spending up slightly in December Monday, 1 Feb 2016 | 10:00 AM ET

    WASHINGTON, Feb 1- U.S. construction spending barely rose in December as spending on nonresidential structures recorded its biggest drop since 2013, suggesting a mild downward revision to the advance fourth-quarter GDP growth estimate. Construction spending ticked up 0.1 percent after a downwardly revised 0.6 percent drop in November, the Commerce...

  • Ahead of the Bell: US construction spending Monday, 1 Feb 2016 | 6:24 AM ET

    WASHINGTON— The Commerce Department report on U.S. construction spending in December at 10 a.m. Easern Monday. CONSTRUCTION UP: Economists believe spending expanded 0.6 percent in December, according to a survey of by the data firm FactSet. BUILDING ACTIVITY: In November, construction spending fell by 0.4 percent, the first decline in 17 months, reflecting...

  • Budget fight leaves Illinois stuck with overdue bills Sunday, 31 Jan 2016 | 10:30 AM ET

    SPRINGFIELD, Ill.— The Friday afternoon email read with remarkable alacrity, given its message: The trip to a Springfield store to buy all-purpose Fabuloso Cleaner for the Secretary of State's office was for naught. As Illinois politicians continue to squabble over a budget that should have taken effect July 1, hundreds of state contractors have been left with...

  • EXCLUSIVE-MEXICAN CONSTRUCTION COMPANY ICA'S AEROINVEST UNIT FILES CRIMINAL COMPLAINT AGAINST DEUTSCHE BANK EMPLOYEES- SOURCES AND DOCUMENT.

  • *Hinkley Point too crucial for EDF to abandon. PARIS, Jan 28- Intractable problems at two nuclear plants under construction in France and Finland threaten more delays to EDF's plan to build four nuclear reactors in Britain. The state-owned French utility announced an 18 billion pound project in October to build two Areva-designed European Pressurised...

  • BEIJING, Jan 27- China is on course to meet its target to raise its total installed nuclear capacity to 58 gigawatts after a resumption in new project approvals last year, an official with the country's nuclear agency said on Wednesday. Xu Dazhe, the chairman of the China Atomic Energy Authority, told reporters that China now had 30 reactors in operation, with a...

  • PARIS, Jan 26- French utility EDF said on Tuesday it had signed a preliminary agreement with Nuclear Power Corp of India Ltd to build six nuclear reactors at Jaitapur, in the west of India. EDF said that in the next few months it would continue work started by Areva and NPCIL to secure certification for the European Pressurised Reactor reactor in India and to...

  • Horton, Express Homes and Emerald Homes brands, fell as much as 6.8 percent in morning trading. Susquehanna Financial Group analyst Jack Micenko had expected orders for 8,320 homes. The Fort Worth, Texas- based company's net income rose to $157.7 million, or 42 cents per share in the first quarter ended Dec. 31, from $142.5 million, or 39 cents per share, a year earlier.

  • DR Horton reports better-than-expected profit Monday, 25 Jan 2016 | 10:37 AM ET
    D.R. Horton bargain home in Houston.

    D.R. Horton reported a slightly higher-than-expected profit along with a rise in orders for the last quarter of the year.

  • The Fort Worth, Texas- based company's net income rose to $157.7 million, or 42 cents per share in the three months ended Dec. 31, from $142.5 million, or 39 cents per share, a year earlier. Horton, Express Homes and Emerald Homes brands, said homebuilding revenue edged up 4.5 percent to $2.34 billion. Analysts on an average had expected the company to earn 41 cents per...