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Capital Goods Construction and Engineering

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  • Granite Construction misses Street 2Q forecasts Thursday, 30 Jul 2015 | 9:15 AM ET

    WATSONVILLE, Calif. _ Granite Construction Inc. on Thursday reported second-quarter net income of $9.6 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. Granite Construction shares have decreased roughly 9 percent since the beginning of the year.

  • SAO PAULO, July 29- Brazilian federal police are investigating potential irregularities in a military program that aims to build a nuclear-powered submarine in partnership with France by 2023, newspaper Folha de S. Paulo reported on Wednesday. Former President Luiz Inacio da Silva's government agreed in 2008 to purchase five submarines, including a...

  • SAO PAULO, July 29- Brazilian federal police are investigating potential irregularities in a military program that aims to build a nuclear-powered submarine in partnership with France by 2023, newspaper Folha de S. Paulo reported on Wednesday. Former President Luiz Inacio da Silva's government agreed in 2008 to purchase five submarines, including a...

  • *U.S. consumer confidence falls to lowest since September. NEW YORK, July 28- U.S. consumer confidence suffered its biggest blow in four years in July on a less upbeat jobs outlook, while home appreciation in major cities stalled in May, suggesting a spring pause in housing demand. The latest figure was the lowest since September 2014, while the decline was the...

  • The arrests come as federal police follow allegations that a price-fixing, bribery and political kickback scheme they discovered at Petrobras extends to other state-led firms, including Eletrobras, Brazil's largest utility. Federal prosecutor Athayde Ribeiro Costa told journalists that police also had arrested Andrade Gutierrez executive Flavio...

  • July 28- D.R. Horton Inc's quarterly profit handily beat estimates and the No.1 U.S. homebuilder said orders rose 22 percent, indicating that a recovery in the housing market was gaining steam. Shares of D.R. Horton rose as much as 4.3 percent to $27.89 in early trading on the New York Stock Exchange. D.R. Horton, which mainly caters to first-time buyers, launched its...

  • CURITIBA, Brazil, July 28- Brazilian police on Tuesday arrested two people involved in building a nuclear power plant for Brazil's Eletrobras, pulling the state-led utility holding company into a giant corruption scandal surrounding state-run oil company Petrobras. The arrests come as Brazil's Federal Police and federal prosecutors follow allegations...

  • WASHINGTON— U.S. home prices rose steadily in May, pushed higher by a healthy increase in sales this year. And separate data released by the Census Bureau Tuesday pointed to the limited impact of the three-year old housing recovery: The proportion of Americans owning their own homes has continued to decline and is now at the lowest level since 1967..

  • 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...

  • D.R. Horton's profit boosted by higher home sales Tuesday, 28 Jul 2015 | 7:19 AM ET

    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...

  • House, Senate on collision course in highway debate Tuesday, 28 Jul 2015 | 12:09 AM ET

    But House Republicans declared the Senate transportation bill dead on arrival. "We're not taking up the Senate bill," the California Republican told reporters at the Capitol, adding that the Senate should instead take up the bill already passed by the House. Hours later, in a hectic late-night session, the Senate voted 64-29 to include the provision reviving the...

  • 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...

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

  • 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...