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Capital Goods Construction and Engineering

  • 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,...

  • 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. Housing starts fell 2.6 percent to a seasonally adjusted annual rate of 1.25 million units last month, the...

  • WASHINGTON— U.S. builders broke ground on fewer homes last month, led by a drop in apartment construction. The number of new housing starts declined 2.6 percent in January to a seasonally adjusted annual rate of 1.25 million, the Commerce Department said Thursday. The drop came after a much larger gain the previous month.

  • U.S. homebuilders are feeling a bit less confident this month, reflecting a dimmer outlook for sales in the months ahead and fewer would-be buyers dropping by builders' sales offices. The surprising decline comes ahead of the spring home-buying season, which is traditionally builders' busiest time of the year and helps set the pace for home construction.

  • *Raises questions over UK Moorside project. LONDON, Feb 14- The future of Britain's new Moorside nuclear plant was thrown into doubt on Tuesday after Japan's Toshiba Corp, which is developing the project with France's Engie, said it planned to pull out of the construction work. "It's a pretty challenging time and it's difficult anyway to work out how to make nuclear...

  • DUBAI, Feb 14- Dubai- based building company Drake& Scull announced a turnaround and capital restructuring plan on Tuesday as it reported another quarterly loss, the latest sign of how a slowdown in the Gulf's construction industry is hurting contractors. As part of its capital restructuring plan, DSI said it was considering proposing a rights issue of 500...

  • DAR ES SALAAM, Feb 9- Tanzanian President John Magufuli has told officials to investigate an airport terminal construction project in the commercial capital Dar es Salaam, saying the cost was inflated. The Terminal Three project at Julius Nyerere International Airport is being built by Dutch contractor BAM Group for 560 billion shillings.

  • DUBAI, Feb 9- Creditors have agreed in principle to Saudi Binladin Group's request for a two-year extension on a 10 billion riyal Islamic credit facility used to pay for delayed building work at the Grand Mosque in Mecca, sources said. SBG, which due to historically close ties to the government has emerged as one of the heavyweights of the kingdom's construction...

  • *France's Vinci gains on 2017 forecasts. LONDON, Feb 8- European shares edged higher on Wednesday led by mining and construction stocks on a heavy day for company results. The pan-European STOXX 600 index was up 0.2 percent, but national indexes were mixed, with Italy, Spain and Britain in negative territory while France's blue-chip index outperformed.

  • Logos of ABB AG sit on display outside the company's semi-conductor plant in Lenzburg, Switzerland.

    ABB reported an end to its almost two-year decline in order intake by posting a small increase in new business.

  • BUENOS AIRES, Feb 7- A federal judge in Argentina will request information from Brazil and Switzerland to determine if President Mauricio Macri's spy chief received bribe money from a builder in 2013, state-run news agency Telam reported on Tuesday. Prosecutors publicly announced two weeks ago that they are investigating whether National Intelligence...

  • WASHINGTON— President Donald Trump has promised to revitalize America's aging roads, bridges, railways and airports, but a plan put forward by his economic advisers relies on a transportation financing scheme that hasn't been tried before and comes with significant risks. The plan was set out just before the election by billionaire leveraged buy-out...