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Capital Goods Construction and Engineering

  • WASHINGTON, May 23- New U.S. single-family home sales tumbled from near a 9-1/ 2- year high in April, but the housing recovery likely remains intact amid a tightening labor market. The Commerce Department said on Tuesday new home sales declined 11.4 percent to a seasonally adjusted annual rate of 569,00 units last month, with sales in the West region plunging to...

  • NEW YORK, May 23- U.S. Treasury yields remained modestly lower on Tuesday after data showed domestic new homes sales fell more than forecast in April from a near 9-1/ 2 year peak in March. At 10:24 a.m., benchmark 10- year Treasury yield was 2.241 percent, down 1 basis point from late on Monday, while the 30- year yield was 2.908 percent, 0.7 basis point lower than...

  • WASHINGTON, May 23- New U.S. single-family home sales tumbled from near a 9-1/ 2- year high in April, but the housing recovery likely remains intact amid a tightening labor market. The Commerce Department said on Tuesday new home sales declined 11.4 percent to a seasonally adjusted annual rate of 569,00 units last month. March's sales pace was revised up to 642,000...

  • TREASURY YIELDS HOLD AT LOWER LEVELS AFTER STEEPER-THAN-FORECAST DROP IN U.S.

  • WASHINGTON— U.S. sales of new homes last month registered the biggest drop in more than two years. The Commerce Department said Tuesday that new-home sales skidded 11.4 percent in April to a seasonally adjusted annual rate of 569,000. It was the biggest monthly drop since March 2015. Ian Shepherdson, chief economist at Pantheon Macroeconomics, called last...

  • May 23- Toll Brothers Inc's profit and revenue beat analysts' estimates, boosted by robust demand and the U.S. luxury homebuilder raised its sales forecast for fiscal 2017.. Shares of the company, which builds homes that can cost upwards of $2 million, rose 3.5 percent in premarket trading on Tuesday. "This was the best spring selling season we have had in over 10...

  • The number of homes sold rose to 1,638 from 1,304 in the quarter ended April 30. However, Toll Brothers said the average price of homes sold decreased to $832,400 from $855,500 a year earlier, partly as it rolled out a new line of lower priced homes, T-Select, to cater to millennials who are now entering their thirties and starting families. The Horsham, Pennsylvania-...

  • May 23- U.S. luxury homebuilder Toll Brothers Inc reported a 40 percent rise in quarterly profit, boosted by an increase in home sales. The company said its net income rose to $124.6 million, or 73 cents per share, in the second quarter ended April 30 from $89.1 million, or 51 cents per share, a year earlier. Revenue rose 22.2 percent to $1.36 billion.

  • *France already outlined plans to cut down on nuclear. PARIS, May 22- French state-controlled utility EDF plans to push back the target of cutting the share of nuclear generation in France's power production by 25 years to 2050, BFM television reported on Monday. It said EDF plans to extend the lifespan of some of the 58 nuclear reactors it operates in France by 10...

  • NEW DELHI, May 17- India's cabinet approved plans on Wednesday to build 10 nuclear reactors with a combined capacity of 7,000 megawatts, more than the country's entire current capacity, to try fast-track its domestic nuclear power programme. The decision by Prime Minister Narendra Modi's government marks the first strategic response to the near collapse of...

  • *India fast-tracks own-brand reactor construction. *India will only buy proven reactor technology. NEW DELHI, May 18- India's plan to build 10 of its own nuclear reactors does not signal a pivot away from foreign suppliers, but to succeed their projects must be financially sound and based on proven technology, a top official told Reuters.

  • NEW DELHI, May 17- India's cabinet approved plans on Wednesday to build 10 nuclear reactors with a combined capacity of 7,000 megawatts, more than the country's entire current capacity, to try fast-track its domestic nuclear power programme. The decision by Prime Minister Narendra Modi's government marks the first strategic response to the near collapse of...

  • NEW YORK, May 16- U.S. Housing starts dropped 2.6 percent to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department said on Tuesday. "People had been anticipating continued strength in the housing market even with rising rates, based on the momentum from 2016," said Jim Vogel, an interest rate strategist at FTN Financial in Memphis,...

  • LIMA, May 16- Shares in Peru's largest construction company Grana y Montero plunged more than 10 percent on Tuesday after prosecutors filed charges against the firm and a former top executive in a corruption case linked to Brazilian builder Odebrecht. Prosecutors presented the case to the office of Peru's attorney general late on Monday, naming Grana and two...

  • NEW YORK, May 16- U.S. Housing starts dropped 2.6 percent to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department said on Tuesday. People had been anticipating continued strength in the housing market even with rising rates, based on the momentum from 2016, said Jim Vogel, an interest rate strategist at FTN Financial in Memphis,...

  • NEW YORK, May 16- U.S. Housing starts dropped 2.6 percent to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department said on Tuesday. People had been anticipating continued strength in the housing market even with rising rates, based on the momentum from 2016, said Jim Vogel, an interest rate strategist at FTN Financial in Memphis,...

  • *Housing starts fall 2.6 percent in April. WASHINGTON, May 16- U.S. homebuilding unexpectedly fell in April to the lowest level in five months amid persistent weakness in the construction of multi-family housing units, suggesting a slowdown in the housing market recovery. Housing starts dropped 2.6 percent to a seasonally adjusted annual rate of 1.17 million...

  • WASHINGTON— Construction of new homes fell for a second straight month in April, pushing activity to the lowest point in five months. Housing starts fell 2.6 percent in April to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department reported Tuesday. "We should keep in mind that several other housing indicators have been upbeat lately...

  • WASHINGTON— Trump tweets that he shared' facts pertaining to terrorism and airline flight safety' with Russian officials.

  • The National Association of Home Builders and Wells Fargo said on Monday their index of builder confidence in newly built, single-family homes climbed to 70 points from 68 in April. In March, the index reached 71 which was the highest since June 2005 during the height of the prior housing boom. "While we expect a slight moderation in housing activity in the near...