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Capital Goods Construction and Engineering

  • LOS ANGELES— As a billionaire developer, Donald Trump built casinos, luxe condo towers and lush golf courses. Now, as president, Trump aims to develop perhaps his most ambitious and surely his most contentious project yet: A wall along the nearly 2,000- mile U.S.- Mexico border. Among them are Kiewit and Flour Enterprises.

  • SHANGHAI, March 27- Chinese state firms have expressed an interest to develop land around the Panama Canal, the chief executive of the vital trade thoroughfare said, underlining China's outward push into infrastructure via railways and ports around the world. China's state firms have in recent years already chalked up investments in key logistics nodes,...

  • SAO PAULO, March 24- Cyrela Brazil Reality SA expects high levels of sales cancellations during the current first quarter, a sign Brazil's largest homebuilder continues to struggle with the impact of a multi-year downturn in domestic construction. Cancellations tended to be higher in markets in the North and Northeast of Brazil. Still, Brazil's bleak...

  • WASHINGTON, March 23- New U.S. single-family home sales jumped to a seven-month high in February, suggesting the housing market recovery was gaining momentum despite higher prices and rising mortgage rates. "New home sales are the secret sauce that helps make the economy grow," said Chris Rupkey, chief economist at MUFG Union Bank in New York.

  • LOS ANGELES _ KB Home on Thursday reported fiscal first-quarter profit of $14.3 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share. KB Home shares have climbed 22 percent since the beginning of the year.

  • WASHINGTON, March 22- U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers. The National Association of Realtors said on Wednesday existing home sales declined 3.7 percent to a seasonally adjusted annual rate of 5.48 million units last month after...

  • MADISON, Wis.— German candymaker Haribo, which is known for its brightly colored gummy bears and bow tie-wearing gold bear mascot, plans to build its first North American factory in southeastern Wisconsin not far from Chicago, Gov. The $242 million candymaking plant is to be built in Pleasant Prairie, which is near Kenosha and just 45 miles north of Chicago.

  • WASHINGTON, March 23- New U.S. single-family home sales jumped to a seven-month high in February, suggesting the housing market recovery was gaining momentum despite higher prices and rising mortgage rates. "New home sales are the secret sauce that helps make the economy grow," said Chris Rupkey, chief economist at MUFG Union Bank in New York.

  • *New home sales increase 6.1 percent in February. WASHINGTON, March 23- New U.S. single-family home sales jumped to a seven-month high in February, suggesting the housing market recovery continued to gain momentum despite the challenges of high prices and tight inventories. The Commerce Department said new home sales increased 6.1 percent to a seasonally...

  • WASHINGTON— Americans responded to higher mortgage rates by snapping up new homes in February at the fastest pace since July. New-home sales rose 6.1 percent month-over-month to a seasonally adjusted annual rate of 592,000, the Commerce Department said Thursday. "Sales were likely boosted by the much warmer-than-usual weather last month, which made...

  • The attorney for a Pennsylvania man charged in a bribery scheme involving construction projects at military bases says the man will plead not guilty. The U.S. attorney's office in New Jersey alleges Kevin Leondi, of Stroudsburg, received $125,000 in bribes in the form of cash, the sale of unneeded equipment and work performed at his personal property.

  • WASHINGTON, March 22- U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers. The National Association of Realtors said on Wednesday existing home sales declined 3.7 percent to a seasonally adjusted annual rate of 5.48 million units last month after...

  • NEWARK, N.J.— A Pennsylvania man took more than $100,000 in bribes in a scheme involving construction projects at two New Jersey military bases, the U.S. attorney's office said in a criminal complaint released Wednesday. Kevin Leondi, 56, of Stroudsburg, was charged with conspiracy to accept bribes and defraud the United States, which carries a maximum five-year...

  • WASHINGTON, March 22- U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining potential buyers. The National Association of Realtors said on Wednesday existing home sales declined 3.7 percent to a seasonally adjusted annual rate of 5.48 million units last month.

  • Lennar's shares were down 3.2 percent at $50.97 in morning trading on Tuesday. Gross margin fell to 21.1 percent in the quarter ended Feb. 28 from 22.7 percent a year earlier, the company said. "In this environment of accelerating sales pace, together with limited land and labor, and tight inventory particularly at the lower price points, we believe we are...

  • March 21- U.S. homebuilder Lennar Corp reported a 17.2 percent jump in quarterly revenue as it sold more homes in a recovering housing market. Net income attributable to Lennar shareholders fell to $130.8 million, or 56 cents per share, in the first quarter ended Feb. 28 from $144.1 million, or 63 cents per share, a year earlier. Revenue rose to $2.34 billion from $1.99...

  • LONDON, March 21- British housebuilder Bellway said on Tuesday it would raise its dividend after posting a nearly 10 percent rise in half-year pre-tax profits, although it warned that labor shortages were pushing up costs in the sector. Bellway, which builds around half of its homes in London and the south of England, posted profits of 248 million pounds in the six...

  • SAO PAULO/ BEIJING, March 20- Fallout from a meatpacking industry scandal in Brazil, the world's biggest exporter of beef and poultry, widened on Monday as China, the EU, South Korea and Chile curtailed meat imports from the country after inspectors were accused of taking bribes to allow sales of tainted food. Brazil's President Michel Temer has sought to downplay...

  • Missouri utility regulators began hearing testimony on a request from Clean Line Energy to build a high-voltage transmission line from western Kansas across Missouri and Illinois to an Indiana power grid that connects with eastern states. Along the way, the line also could supply power to the equivalent of 200,000 Missouri homes. So Clean Line Energy...

  • WASHINGTON, March 16- U.S. homebuilding jumped in February as unseasonably warm weather boosted the construction of single-family houses to near a 9-1/ 2- year high, suggesting the economy remained on solid ground despite an apparent slowdown in the first quarter. Fed Chair Janet Yellen told reporters that the U.S. central bank was sending a message that "we have...