Capital Goods Construction and Engineering

  • LONDON— Officials from China, Britain and France have attended a signing ceremony to mark the final approval for the construction of the new Hinkley Point nuclear power station in southwest England. It will be Britain's first new nuclear plant in more than two decades. British Business Secretary Greg Clark said the signing marked a crucial moment in Britain's...

  • *Japan nuclear industry hobbled by shutdowns after Fukushima. TOKYO, Sept 29- Three Japanese conglomerates are in talks to combine their loss-making domestic nuclear fuel operations, people with direct knowledge of the matter said, as the outlook for restarts of reactors following the Fukushima nuclear crisis remains bleak. Only three of Japan's 42 reactors...

  • LONDON/ PARIS, Sept 28- The British government and France's EDF will officially sign a contract to build Britain's first new nuclear power plant in a generation on Thursday, after months of wrangling over the involvement of EDF's Chinese partner, sources said. The delay strained Britain's ties with China just as it is trying to reach out to non-European trading...

  • NEW YORK— Three contractors have been picked to work on the expansion and transformation of Manhattan's Penn Station, New York Gov. The three companies selected for the work are Skanska AB, Vornado Realty LP and Related Companies. Penn Station now serves 650,000 passengers per day— three times the number it was designed for— making it the busiest train station in...

  • WASHINGTON, Sept 26- New U.S. single-family home sales posted their biggest decline in nearly a year in August after soaring to nine-year highs the month before, with analysts saying the trend in sales remains positive. The Commerce Department said on Monday new home sales fell 7.6 percent to a seasonally adjusted annual rate of 609,000 units last month.

  • WASHINGTON, Sept 26- New U.S. single-family home sales posted their biggest decline in nearly a year in August after soaring to nine-year highs the month before, with analysts saying the trend in sales remains positive. The Commerce Department said on Monday new home sales fell 7.6 percent to a seasonally adjusted annual rate of 609,000 units last month.

  • WASHINGTON, Sept 26- New U.S. single-family home sales fell less than expected in August, though prices fell and inventories rose. The Commerce Department said on Monday new home sales fell 7.6 percent to a seasonally adjusted annual rate of 609,000 units last month. That level of annualized sales is the highest since October 2007.

  • WASHINGTON— Sales of new homes retreated in August, one month after surging to the highest level in nearly nine years. New home sales dropped 7.6 percent last month to a seasonally adjusted annual rate of 609,000 units, the Commerce Department reported Monday. Jennifer Lee, senior economist at BMO Capital Markets, pointed to a number of positive factors helping...

  • NEW YORK— Lennar will spend $643 million to acquire luxury homebuilder WCI Communities Inc., tying up two of the largest home construction companies in Florida as the U.S. real estate market continues to heat up. On Tuesday, Lennar reported a 5 percent jump in third-quarter profit and its revenue continues to rise as it delivers more homes. Lennar also said that...

  • *India looking to source more energy from nuclear sector. NEW DELHI, Sept 22- India is negotiating with U.S. Export-Import Bank for an $8- 9 billion loan to finance six Westinghouse Electric nuclear reactors, two sources familiar with the talks said, although a lending freeze at the trade agency threatens progress. The mega-project, the result of warming U.S.-...

  • TOKYO, Sept 21- Japan signalled on Wednesday it would scrap a costly prototype nuclear reactor that has operated for less than a year in more than two decades at a cost of 1 trillion yen. There is also a strong anti-nuclear sentiment in Japan in reaction to the 2011 Fukushima atomic disaster and calls to decommission Monju have been growing in the ruling Liberal...

  • TOKYO, Sept 21- Japan signalled on Wednesday it would scrap a costly prototype nuclear reactor that has operated for less than a year in more than two decades at a cost of 1 trillion yen. There is also a strong anti-nuclear sentiment in Japan in reaction to the 2011 Fukushima atomic disaster and calls to decommission Monju has been growing in the ruling Liberal...

  • LOS ANGELES _ KB Home on Tuesday reported fiscal third-quarter earnings of $39.4 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. KB Home shares have increased 21 percent since the beginning of the year.

  • WASHINGTON, Sept 20- U.S. housing starts fell more than expected in August likely as bad weather disrupted building activity in the South, but a solid increase in permits for single-family dwellings suggested demand for housing remained intact. Economists said flooding in Texas and Louisiana was probably behind the drop in starts last month.

  • Sept 20- Lennar Corp, the second-largest U.S. homebuilder, posted its slowest growth in orders in more than a year as it grapples with choppy demand for higher-priced homes in Houston, which has been hit hard by weak oil prices. Lennar's home sales in Houston fell for the fourth straight quarter as a slump in oil prices has weighed on the region's economy.

  • *Housing starts fall 5.8 percent in August. WASHINGTON, Sept 20- U.S. housing starts fell more than expected in August as building activity declined broadly after two straight months of solid increases, but a rebound in permits for single-family dwellings suggested demand for housing remained intact. Groundbreaking decreased 5.8 percent to a seasonally...

  • Engineering firms are concerned that the U.K.’s decision to leave the EU will result in a skills gap in the sector, a new survey reveals.

  • WASHINGTON, Sept 20- U.S. housing starts fell more than expected in August as building activity declined broadly after two straight months of solid increases, but a rebound in permits for single-family dwellings suggested demand for housing remained intact. Groundbreaking decreased 5.8 percent to a seasonally adjusted annual pace of 1.14 million units, the...

  • WASHINGTON— Homebuilders pulled back on construction in the South, causing the pace of August housing starts nationwide to fall to their lowest level in three months. In August, ground breakings dropped 5.8 percent to a seasonally adjusted annual rate of 1.14 million from 1.21 million in July, the Commerce Department said Tuesday. Jennifer Lee, a senior...

  • New homes for sale by Lennar home builders.

    Lennar reported higher-than-expected quarterly profit and revenue as it sold more homes at higher prices and the company said orders rose 8.1 percent.