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Capital Goods Construction and Engineering

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  • *Manufacturing expands at weakest pace since May 2013. WASHINGTON, Sept 1- U.S. factory activity hit a more than two-year low in August as manufacturers struggled with a strong dollar, weak global demand and the lingering effects of deep spending cuts in the energy sector. The Institute for Supply Management said its national factory activity index fell to 51.1...

  • U.S. construction spending rises to seven-year high Tuesday, 1 Sep 2015 | 10:02 AM ET

    WASHINGTON, Sept 1- U.S. construction spending rose in July to the highest level in just over seven years as private outlays surged, providing another sign of solid economic momentum at the start of the third quarter. Construction spending increased 0.7 percent to $1.08 trillion, the highest level since May 2008, the Commerce Department said on Tuesday.

  • WASHINGTON— U.S. construction spending in July climbed to its highest level in more than seven years, boosted by an increase in the building of houses, factories and power plants. The Commerce Department said Tuesday that construction spending rose 0.7 percent to a seasonally adjusted annual rate of $1.08 trillion, the highest level since May 2008.

  • Ahead of the Bell: US construction spending Tuesday, 1 Sep 2015 | 7:04 AM ET

    WASHINGTON— The Commerce Department reports on July U.S. construction spending at 10 a.m. Eastern on Tuesday. This would mark a strong acceleration from the 0.1 percent gain in June to a seasonally adjusted annual rate of $1.06 trillion, the strongest pace since 2007.. In July, housing starts rose 0.2 percent to a seasonally adjusted annual rate of 1.21 million...

  • Correction: The Month Ahead story Monday, 31 Aug 2015 | 12:33 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.. WASHINGTON— Labor Department releases second-quarter productivity data, 8:30 a.m.; Commerce Department releases factory orders for July, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m..

  • Business events scheduled for the coming month Friday, 28 Aug 2015 | 1:46 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.. WASHINGTON— Labor Department releases second-quarter productivity data, 8:30 a.m.; Commerce Department releases factory orders for July, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m..

  • PROVIDENCE, R.I.— The state agency that owns the waterfront land where the Pawtucket Red Sox want to build a stadium racked up nearly $150,000 by mid-July in legal and consulting fees to review the proposal, according to documents obtained by The Associated Press through a records request. As of July 15, the I-195 Redevelopment District Commission had been...

  • LAS VEGAS— Las Vegas plans to double the number of international gates at McCarran International Airport with the expectation that foreign travel to the destination will climb as officials seek out prized direct flights, particularly with Asia. McCarran International Airport director Rosemary Vassiliadis said Thursday that construction to convert...

  • NOIDA, India, Aug 26- After a decade labouring on building sites around New Delhi, Akhilesh Kumar lost his scaffolding job last month when his employer halted work on an array of 30 residential towers. He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the reality in Asia's third-largest...

  • NOIDA, India, Aug 26- After a decade labouring on building sites around New Delhi, Akhilesh Kumar lost his scaffolding job last month when his employer halted work on an array of 30 residential towers. He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the ground reality in Asia's...

  • BRASILIA, Aug 26- Brazil's government is preparing a deal to allow construction companies implicated in a massive corruption scandal to do business again with state-run oil company Petrobras in exchange for the payment of fines and damages, a government official briefed on the matter said on Wednesday. Late last year, Petroleo Brasileiro froze payments to...

  • Indian construction slowdown hits Modi's jobs promise Wednesday, 26 Aug 2015 | 9:00 AM ET

    He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the ground reality in Asia's third-largest economy is far from as rosy as official data suggests. The deepening downturn in India's crucial building sector makes it easily understandable why Prime Minister Narendra Modi's image as the...

  • *New home sales increase 5.4 percent in July. WASHINGTON, Aug 25- U.S. consumer confidence hit a seven-month high in August and new single-family home sales rebounded in July, suggesting underlying strength in the economy that could still allow the Federal Reserve to raise interest rates this year. They are so close, they need just a little more confirmation, "said...

  • *New home sales increase 5.4 percent in July. WASHINGTON, Aug 25- New U.S. single-family home sales rebounded in July and consumer confidence increased to a seven-month high in August, pointing to underlying strength in the economy that could still allow the Federal Reserve to raise interest rates this year. New home sales increased 5.4 percent to a seasonally...

  • Aug 25- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported lower-than-expected third-quarter revenue as a lull in demand last year meant that it handed over fewer homes in the quarter, and the company narrowed its 2015 home sales forecast. Shares of Toll Brothers, which builds homes that can cost upward of $2 million, fell as much as 2.6 percent in...

  • US new-home sales rebound in July Tuesday, 25 Aug 2015 | 10:01 AM ET

    WASHINGTON— Americans stepped up their purchases of new homes in July, with sales surging in the Northeast. The Commerce Department says new-home sales rose 5.4 percent last month to a seasonally adjusted annual rate of 507,000, recovering from a slide in purchases in June. The shortage of listing has enabled the median price to rise 2 percent over the past 12...

  • U.S. new home sales rebound in July, supply improves Tuesday, 25 Aug 2015 | 10:00 AM ET

    WASHINGTON, Aug 25- New U.S. single-family home sales rose a bit less than expected in July, but the trend pointed to housing market strength that should underpin economic growth for the rest of the year. The Commerce Department said on Tuesday sales increased 5.4 percent to a seasonally adjusted annual rate of 507,000 units. The housing market is gaining stream,...

  • Ahead of the Bell: US new-home sales Tuesday, 25 Aug 2015 | 6:36 AM ET

    WASHINGTON— The Commerce Department reports on sales of new homes in July at 10 a.m. Eastern Tuesday. RISING SALES: Economists expect a 7.9 percent increase in new-home sales to a seasonally adjusted annual rate of 520,000, according to a survey by data the firm FactSet. The National Association of Realtors said Thursday that sales of existing homes rose 2...

  • Toll's home orders up as housing gathers steam Tuesday, 25 Aug 2015 | 6:27 AM ET
    A construction worker climbs on the roof of a home in Boca Raton, Florida.

    Toll Brothers said orders have risen 16 percent so far in the quarter started August, indicating that the housing recovery is gathering steam.

  • Aug 25- Toll Brothers Inc, the largest U.S. luxury home builder, said orders have risen 16 percent so far in the quarter started August, outpacing the 12 percent rise in the third quarter, indicating that the housing recovery is gathering steam. Toll Brothers, which builds homes that can cost upward of $2 million, forecast an average selling price of $745,000 to...