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Capital Goods Construction and Engineering

  • SAO PAULO, Feb 24- Chinese heavy machinery maker Xuzhou Construction Machinery Group Co Ltd is in talks with Brazilian engineering firm OAS SA to form a joint venture for construction in Africa and Latin America, a person with direct knowledge of the matter said on Friday. The venture would be the first major step in OAS's efforts to rebuild itself almost three...

  • WASHINGTON, Feb 24- New U.S. single-family home sales rose less than expected in January, likely held back by heavy rains and flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates. Consumers are confident and are buying homes, but builders are not getting their share of that demand, "said Joel...

  • WASHINGTON, Feb 24- New U.S. single-family home sales rose less than expected in January, likely hurt by flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates. The Commerce Department said new home sales increased 3.7 percent to a seasonally adjusted annual rate of 555,000 units last month.

  • Detainees are escorted as hundreds of mostly Central American children are being held at a U.S. Customs and Border Protection center in Nogales, Ariz., on June 18, 2014.

    President Donald Trump's plans to deport millions of unauthorized workers would hurt a handful of states that rely most heavily on undocumented workers.

  • WASHINGTON— Americans bought more new homes in January after a steep fall-off the previous month, a sign the housing market is healthy despite higher mortgage rates. New home sales rose 3.7 percent to a seasonally-adjusted 555,000, the Commerce Department said Friday. Financial markets expect faster growth and higher inflation will flow from President...

  • From hoverboards to safer building foundations

    Greg Henderson, CEO of ARX PAX, talks about how the company uses technology to reduce the risks buildings face from natural disasters.

  • SCOTTSDALE, Ariz. _ A V Homes Inc. on Thursday reported fourth-quarter earnings of $17.1 million. A V Homes shares have risen roughly 6 percent since the beginning of the year. Keywords: A V Homes, Earnings Report.

  • FLORIDA, N.Y.— Discount retailer Dollar General says it has chosen a site near the New York State Thruway in the Mohawk Valley for a distribution center that will employ more than 400 people. The Goodlettsville, Tennessee- based company announced Wednesday that it will construct a 750,000- square-foot building in the Montgomery County town of Florida, 30 miles...

  • An improving job market and attractive mortgage rates has continued to fuel demand for housing in the United States, where homebuilders have also seen a bump in consumer sentiment post-election. "The pent-up demand of the past seven years may be starting to release, bringing more buyers into the market, especially in the move-up segment, where rising home...

  • BISMARCK, N.D.— The Latest on plans to close a protest encampment near the Dakota Access pipeline construction site in North Dakota:. Authorities in North Dakota say Dakota Access pipeline protesters set about 20 fires on the day their longstanding camp was scheduled for closure. A 7- year-old boy and a 17- year-old girl were taken by ambulance to a Bismarck...

  • ALISO VIEJO, Calif. _ The New Home Co. on Wednesday reported fourth-quarter earnings of $13.8 million. The Aliso Viejo, California- based company said it had profit of 66 cents per share. For the year, the company reported profit of $21 million, or $1.01 per share.

  • The company, whose homes can cost more than $2 million, said orders rose about 22 percent to 1,522 homes in the first quarter ended Jan. 31. The Horsham, Pennsylvania- based company's net earnings declined 3.8 percent to $70.42 million, or 42 cents per share, in the first quarter, from a year earlier. Revenue fell to $920.73 million from $928.57 million.

  • Feb 22- Toll Brothers Inc reported a 3.8 percent fall in quarterly profit, hurt by lower average selling prices for its luxury homes. The Horsham, Pennsylvania- based company's net earnings declined to $70.42 million, or 42 cents per share, in the first quarter ended Jan. 31, from $73.18 million, or 40 cents per share, a year earlier. Revenue fell to $920.73 million from...

  • Feb 21- Home Depot Inc, the world's largest home improvement chain, reported higher-than-expected profit and sales helped by a strong housing market in the United States and set a $15 billion share repurchase plan. Home Depot's net earnings rose to $1.74 billion, or $1.44 per share, in the fourth quarter, from $1.47 billion, or $1.17 per share, a year earlier.

  • *Region's house prices soar over past decade. *Low interest rates and tax perks encourage buyers. OSLO/ STOCKHOLM/ COPENHAGEN, Feb 20- Joakim Bakka, a 29- year-old shop worker, was so desperate to get into Norway's booming housing market that he was prepared to borrow money at 13 percent for a deposit to buy a home.

  • *Region's house prices soar over past decade. *Low interest rates and tax perks encourage buyers. OSLO/ STOCKHOLM/ COPENHAGEN, Feb 20- Joakim Bakka, a 29- year-old shop worker, was so desperate to get into Norway's booming housing market that he was prepared to borrow money at 13 percent for a deposit to buy a home.

  • *Region's house prices soar over past decade. *Low interest rates and tax perks encourage buyers. OSLO/ STOCKHOLM/ COPENHAGEN, Feb 20- Joakim Bakka, a 29- year-old shop worker, was so desperate to get into Norway's booming housing market that he was prepared to borrow money at 13 percent for a deposit to buy a home.

  • *Region's house prices soar over past decade. *Low interest rates and tax perks encourage buyers. OSLO/ STOCKHOLM/ COPENHAGEN, Feb 20- Joakim Bakka, a 29- year-old shop worker, was so desperate to get into Norway's booming housing market that he was prepared to borrow money at 13 percent for a deposit to buy a home.

  • JAKARTA, Feb 20- State-owned Indonesian construction firm PT Hutama Karya plans a 5.5 trillion rupiah bond issue in April, aiming to tap into funds being repatriated under the country's tax amnesty program, the finance ministry said on Monday. The government will guarantee the bonds and the finance ministry said investors buying them would help support...

  • SAO PAULO, Feb 17- A federal judge in Brazil on Friday suspended an order that required two units of construction firm Odebrecht to make monthly payments amounting to 3 percent of their monthly revenues to a government account, according to a court document. Judge Friedmann Wendpap ruled that the two units of the Brazilian builder, at the center of the...