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Capital Goods Construction and Engineering

  • 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 say one person has been burned in fires set by protesters as a longstanding encampment near the Dakota Access oil pipeline is shut down in North Dakota. Most of the 200 to 300 protesters who remained at the encampment...

  • 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...

  • In a statement on Thursday evening, Burgum and the Army Corps refused to extend next Wednesday's deadline. Army Corps spokesman Ryan Hignight said contractors working for the agency would enter the camp as soon as they could. The exchange came a day after Burgum ordered pipeline opponents to move off of land owned by the Army Corps, citing safety and...

  • Stocks to Watch: February 17, 2017

    Kraft Heinz, Unilever, Deere, and VF stocks are making headlines on Wall Street to wrap up the trading week.

  • WATSONVILLE, Calif. _ Granite Construction Inc. on Friday reported fourth-quarter profit of $16.2 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. Granite Construction shares have decreased slightly since the beginning of the year.

  • NEW DELHI, Feb 17- India does not expect fallout from the financial meltdown at Toshiba Corp to halt plans to buy six nuclear reactors from the Japanese company's U.S. nuclear unit Westinghouse, a senior government official told Reuters on Friday. India has been in talks to locate half a dozen Westinghouse AP1000 reactors in the southern state of Andhra Pradesh...

  • In a statement on Thursday evening, Burgum and the Army Corps refused to extend next Wednesday's deadline. Army Corps spokesman Ryan Hignight said contractors working for the agency would enter the camp as soon as they could. The exchange came a day after Burgum ordered pipeline opponents to move off of land owned by the Army Corps, citing safety and...

  • BOGOTA, Feb 16- Colombian regulators ordered the nullification of a major road construction contract that had been awarded to Brazilian engineering firm Odebrecht and local partners, amid a Latin America- wide bribery scandal. Odebrecht pleaded guilty in U.S. court and agreed to a $3.5 billion penalty for paying hundreds of millions of dollars in bribes in...

  • These students are 3D printing body parts

    Engineering students at a Texas high school are 3D printing hands for people in need, for a really great price.

  • WASHINGTON, Feb 16- U.S. homebuilding fell in January as the construction of multi-family housing projects dropped, but upward revisions to the prior month's data and a jump in permits to a one-year high suggested the housing recovery remained on track. The economy is getting stronger, "said Joel Naroff, chief economist at Naroff Economic Advisors in Holland,...