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Construction and Engineering

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  • 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...

  • Builders FirstSource posts 2Q profit Thursday, 23 Jul 2015 | 5:54 PM ET

    DALLAS _ Builders FirstSource Inc. on Thursday reported second-quarter profit of $3.6 million. Builders FirstSource shares have more than doubled since the beginning of the year. Keywords: Builders FirstSource, Earnings Report.

  • M/I Homes posts 2Q profit Thursday, 23 Jul 2015 | 8:48 AM ET

    COLUMBUS, Ohio _ M/I Homes Inc. on Thursday reported second-quarter net income of $13.4 million. M/I Homes shares have increased slightly more than 8 percent since the beginning of the year. Keywords: M/I Homes, Earnings Report.

  • July 23- PulteGroup Inc, the third-largest U.S. homebuilder, reported a quarterly profit that more than doubled as costs nearly halved. The company said home sales fell across the United States, except the North, led by a 15 percent decline in Texas, its fourth biggest market in terms of revenue. The company's net income rose to $103.3 million, or 28 cents per share,...

  • PulteGroup profit doubles as costs fall Thursday, 23 Jul 2015 | 6:50 AM ET

    July 23- PulteGroup Inc, the third largest U.S. homebuilder, reported a quarterly profit that more than doubled from a year earlier as costs declined. The company's net income rose to $103.3 million, or 28 cents per share, in the second quarter ended June 30, from $41.9 million, or 11 cents per share, a year earlier. The latest quarter includes a pre-tax benefit of $27...

  • FORT MCMURRAY, Alberta, July 22- Infrastructure at the site in northern Alberta of one of the biggest oil-related pipeline spills ever on North American soil was installed on a "tight schedule", according to the firm that developed some of the pipeline's safety technology. The engineering firm, French-based ITP Interpipe, said in a June 2014 presentation to the...

  • GENEVA, July 22- The Swiss Attorney General's office said on Wednesday it has widened a corruption investigation into Brazilian oil firm Petrobras to include Latin America's largest engineering and construction company, Odebrecht SA, and its subsidiaries. Marcelo Odebrecht, chief executive of Brazil- based Odebrecht SA, was arrested in Sao Paulo last month...

  • WASHINGTON, July 22- U.S. home resales rose in June to their highest level in nearly 8-1/ 2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the Federal Reserve on track to raise interest rates later this year. The National Association of Realtors said on Wednesday existing home sales increased 3.2 percent to an annual...

  • WRAPUP 1-U.S. home sales near 8-1/2-year high, prices rise Wednesday, 22 Jul 2015 | 10:55 AM ET

    *Existing home sales increase 3.2 percent in June. WASHINGTON, July 22- U.S. home resales rose in June to their highest level in nearly 8-1/ 2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the Federal Reserve on track to raise interest rates later this year. The National Association of Realtors said on Wednesday existing...

  • DEALTALK-Spending cuts fuel government contractor M&A Wednesday, 22 Jul 2015 | 12:59 AM ET

    NEW YORK/ WASHINGTON, July 22- Companies that provide the U.S. government with services ranging from air traffic management and data analytics to janitors and trainers for military dolphins are increasingly trying to find buyers for those businesses as cuts in public spending erode profit margins. Showing growing impatience with a declining sector,...

  • Adani suspends two Carmichael contractors - SMH report Tuesday, 21 Jul 2015 | 10:40 PM ET

    SYDNEY, July 22- India's Adani Mining has suspended two major contractors on its A $10 billion Carmichael coal project in Australia, the Sydney Morning Herald reported on Wednesday, raising fresh doubts about the project's future. Project manager Parsons Brinckerhoff and Korea's POSCO Engineering& Construction Co Ltd, which is also touted as an investor in...

  • July 20- Omaha Public Power District said on Monday its Fort Calhoun nuclear power plant in Nebraska was manually taken offline to repair a water leak on one of its four reactor coolant pumps. The maintenance outage on the 479- megawatt Fort Calhoun nuclear power plant will not cause an interruption of electrical service to OPPD customers, the statement from...

  • CALGARY, July 20- The builder of a ruptured Nexen Energy oil sands pipeline in Canada that caused one of North America's largest oil-related land spills said on Monday it had followed the design plans it was given for the infrastructure. Surerus Pipeline Inc, a contractor based in Fort St. John in British Columbia, "had no involvement in this project after the...

  • RIO DE JANEIRO, July 20- Three executives of Brazil's Camargo Correa group were convicted on Monday of money laundering, corruption and other charges, the first construction-industry executives to be sentenced in a giant price fixing and bribery scandal involving state-run oil company Petrobras. The ruling was handed down by Judge Sergio Moro of Brazil's...

  • The Commerce Department said Friday that housing starts in June climbed 9.8 percent to a seasonally adjusted annual rate of 1.17 million homes. All of that growth came from a 28.6 percent surge in multi-family housing that put apartment construction at its highest rate since November 1987. "The residential market recovery is here, and it is strong and...

  • WASHINGTON, July 17- U.S. housing starts rebounded strongly in June and building permits surged to a near eight-year high, pointing to a rapidly strengthening housing market. Groundbreaking increased 9.8 percent to a seasonally adjusted annual pace of 1.17 million units, the Commerce Department said on Friday. Permits for future home construction increased...