Capital Goods Construction and Engineering

  • NEW YORK— Lennar will spend $643 million to acquire luxury homebuilder WCI Communities Inc., tying up two of the largest home construction companies in Florida as the U.S. real estate market continues to heat up. On Tuesday, Lennar reported a 5 percent jump in third-quarter profit and its revenue continues to rise as it delivers more homes. Lennar also said that...

  • *India looking to source more energy from nuclear sector. NEW DELHI, Sept 22- India is negotiating with U.S. Export-Import Bank for an $8- 9 billion loan to finance six Westinghouse Electric nuclear reactors, two sources familiar with the talks said, although a lending freeze at the trade agency threatens progress. The mega-project, the result of warming U.S.-...

  • TOKYO, Sept 21- Japan signalled on Wednesday it would scrap a costly prototype nuclear reactor that has operated for less than a year in more than two decades at a cost of 1 trillion yen. There is also a strong anti-nuclear sentiment in Japan in reaction to the 2011 Fukushima atomic disaster and calls to decommission Monju have been growing in the ruling Liberal...

  • TOKYO, Sept 21- Japan signalled on Wednesday it would scrap a costly prototype nuclear reactor that has operated for less than a year in more than two decades at a cost of 1 trillion yen. There is also a strong anti-nuclear sentiment in Japan in reaction to the 2011 Fukushima atomic disaster and calls to decommission Monju has been growing in the ruling Liberal...

  • LOS ANGELES _ KB Home on Tuesday reported fiscal third-quarter earnings of $39.4 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. KB Home shares have increased 21 percent since the beginning of the year.

  • WASHINGTON, Sept 20- U.S. housing starts fell more than expected in August likely as bad weather disrupted building activity in the South, but a solid increase in permits for single-family dwellings suggested demand for housing remained intact. Economists said flooding in Texas and Louisiana was probably behind the drop in starts last month.

  • Sept 20- Lennar Corp, the second-largest U.S. homebuilder, posted its slowest growth in orders in more than a year as it grapples with choppy demand for higher-priced homes in Houston, which has been hit hard by weak oil prices. Lennar's home sales in Houston fell for the fourth straight quarter as a slump in oil prices has weighed on the region's economy.

  • *Housing starts fall 5.8 percent in August. WASHINGTON, Sept 20- U.S. housing starts fell more than expected in August as building activity declined broadly after two straight months of solid increases, but a rebound in permits for single-family dwellings suggested demand for housing remained intact. Groundbreaking decreased 5.8 percent to a seasonally...

  • Engineering firms are concerned that the U.K.’s decision to leave the EU will result in a skills gap in the sector, a new survey reveals.

  • WASHINGTON, Sept 20- U.S. housing starts fell more than expected in August as building activity declined broadly after two straight months of solid increases, but a rebound in permits for single-family dwellings suggested demand for housing remained intact. Groundbreaking decreased 5.8 percent to a seasonally adjusted annual pace of 1.14 million units, the...

  • WASHINGTON— Homebuilders pulled back on construction in the South, causing the pace of August housing starts nationwide to fall to their lowest level in three months. In August, ground breakings dropped 5.8 percent to a seasonally adjusted annual rate of 1.14 million from 1.21 million in July, the Commerce Department said Tuesday. Jennifer Lee, a senior...

  • New homes for sale by Lennar home builders.

    Lennar reported higher-than-expected quarterly profit and revenue as it sold more homes at higher prices and the company said orders rose 8.1 percent.

  • WASHINGTON— The Commerce Department reports on August U.S. home construction Tuesday at 8:30 a.m. Eastern. SLIGHT PULLBACK: Economists believe housing starts dipped 0.9 percent to a seasonally adjusted annual rate of 1.19 million last month. Starts reached the healthy annual pace of 1.21 million in July, the strongest performance in six months.

  • Net income attributable to Lennar's shareholders rose to $235.8 million, or $1.01 per share, from $223.3 million, or 96 cents per share. Analysts on average were expecting a profit of 89 cents per share and revenue of $2.68 billion, according to Thomson Reuters I/B/E/S. Up to Monday's close, shares of the Florida- based builder had fallen 7.8 percent this year.

  • Sept 20- U.S. homebuilder Lennar Corp reported a 13.7 percent rise in quarterly revenue, boosted by strong home sales and higher prices. The company's revenue rose to $2.83 billion in the third quarter ended Aug. 31 from $2.49 billion a year earlier. Net income attributable to Lennar's shareholders rose to $235.8 million, or $1.01 per share, from $223.3 million, or...

  • Sept 19- New Jersey's Stockton University is ramping up plans, including a bond sale this week, to build a $178 million campus in Atlantic City, the state's financially distressed gambling hub. The Atlantic County Improvement Authority will issue nearly $128 million of municipal bonds on Thursday for Stockton University to fund construction of a new campus in...

  • A more upbeat sales outlook from homebuilders could be a good sign for small business, and in turn, the economy. Sales of new and already occupied homes help spur sales of building supplies, home furnishings, landscaping and other items. The survey released Monday by the National Association of Home Builders and Wells Fargo& Co. showed builders' confidence is the...

  • Confidence among U.S. homebuilders has surged to the highest level in nearly a year, reflecting a brighter outlook for sales now and into 2017.. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday climbed six points this month to 65 following a downwardly revised reading of 59 in August. Readings above 50 indicate...

  • NEW YORK/ CANNON BALL, NORTH DAKOTA, Sept 19- A potential rerouting of a long-anticipated pipeline at the center of a protest in North Dakota would be a laborious and costly task, possibly delaying a startup by months and provoking further opposition from Native American and environmental groups who were instrumental in halting construction.

  • SAO PAULO, Sept 16- Viver Incorporadora& Construtora SA filed for bankruptcy protection on Friday, becoming the first listed Brazilian homebuilder ever to seek an in-court reorganization amid a harsh recession, tough refinancing conditions and slumping home prices. In a securities filing, Viver said management and advisers, led by Alvarez& Marsal Holdings...