Capital Goods Construction and Engineering

  • WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Labor Department releases second-quarter productivity data, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.; Freddie Mac, the mortgage company, releases weekly...

  • MEXICO CITY, Aug 25- Mexican construction firm ICA reported on Thursday a much wider loss in the second quarter compared with the year-earlier period, as revenue was nearly halved and financial costs rose. The company, which has not posted a profit since 2013 and has defaulted on multimillion-dollar debt payments, lost 3.36 billion pesos in the April-June...

  • DUBAI, Aug 24- Dubai- listed builder Drake& Scull International has not hired a legal adviser to help to bring a strategic investor into the company, it said on Wednesday. "The company denies the appointment of any legal adviser in connection with bringing in a strategic investor or issuance of mandatory convertible bonds," the company said in a brief statement to...

  • BEIJING— On a seaside field south of Shanghai, workers are constructing a nuclear reactor that is the flagship for Beijing's ambition to compete with the United States, France and Russia as an exporter of atomic power technology. Still, experts say Beijing underestimates how tough it will be for its novice nuclear exporters to sell abroad.

  • NEW YORK, Aug 23- Homebuilders provided a modest lift to both U.S. and European stock markets on Tuesday, while oil prices got a brief boost from Iran's positive signals on an output freeze. Shares of the region's homebuilders also gained following a solid update from UK homebuilder Persimmon, which closed 4.2 percent higher and was the biggest riser on the...

  • NEW YORK, Aug 23- Homebuilders helped lift both U.S. and European stock markets on Tuesday, while oil prices got a boost from Iran's positive signals about an output freeze. Homebuilders there also saw a bounce following a solid update from UK homebuilder Persimmon, which closed 4.2 percent higher and was the biggest riser on the blue-chip FTSE 100.

  • WASHINGTON, Aug 23- New U.S. single-family home sales unexpectedly surged in July, reaching their highest level in nearly nine years amid robust demand, brightening the housing market outlook and bolstering views that economic growth will pick up in the third quarter. "A very rosy picture is beginning to emerge on the housing market, pointing to sustained...

  • Aug 23- Toll Brothers Inc's home orders in the third quarter rose the most in two years, and the company joined other large U.S. homebuilders in posting big jumps in quarterly revenue, underscoring steady growth in the U.S. housing market. Shares of Toll, which builds homes that cost upwards of $2 million, rose as much as 6 percent to $31 on Tuesday- their highest in more...

  • SAO PAULO, Aug 23- Brazilian homebuilder Gafisa SA is inclined toward listing subsidiary Construtora Tenda SA rather than finding a strategic partner, on the notion that an initial public offering could fetch more for the unit and accelerate efforts to cut debt, three people familiar with the plans said. Listing Tenda on the São Paulo Stock Exchange would...

  • SAO PAULO, Aug 23- Brazilian homebuilder Gafisa SA is inclined toward listing subsidiary Construtora Tenda SA rather than finding a strategic partner, on the notion that an initial public offering could fetch more for the unit and accelerate efforts to cut debt, three people familiar with the plans said. Listing Tenda on the São Paulo Stock Exchange would...

  • *New home sales increase 12.4 percent in July. WASHINGTON, Aug 23- New U.S. single-family home sales unexpectedly rose in July, reaching their highest level in nearly nine years as demand increased broadly, brightening the housing market outlook. The Commerce Department said on Tuesday new home sales surged 12.4 percent to a seasonally adjusted annual rate of...

  • Shares of the company, which builds homes that cost upwards of $2 million, were up 2.3 percent on Tuesday. The company revised its forecast of home deliveries for the year ending Oct. 31 to 5,900-6,200 from its previous range of 5,800-6,300 homes. The Horsham, Pennsylvania- based company raised the lower end of its average selling price forecast for the year ending...

  • Homebuilders rose sharply following a big jump in sales of new homes last month, and Best Buy soared after the electronics retailer reported a surge in profit as online sales increased. Volume on the New York Stock Exchange was again below 3 billion shares, marking one of the slowest days of the year. This week's biggest event is Friday, when Federal Reserve Chair...

  • WASHINGTON, Aug 23- New U.S. single-family home sales unexpectedly rose in July, reaching their highest level in nearly nine years as demand increased broadly, brightening the housing market outlook. The Commerce Department said on Tuesday new home sales surged 12.4 percent to a seasonally adjusted annual rate of 654,000 units last month, the highest level...

  • WASHINGTON— Americans stepped up their purchases of new homes in July to the fastest pace in nearly nine years, the latest sign that low mortgage rates and a solid job market are helping support the residential real estate market. New-home sales jumped 12.4 percent last month to a seasonally adjusted rate of 654,000 annual units, the strongest level since...

  • WASHINGTON— The Commerce Department reports on July sales of new homes Tuesday at 10 a.m. Eastern. This would be a pullback from an annual sales rate of 592,000 in June, the highest level since February 2008. June's median sales price rose 6.1 percent from a year ago to $306,700.

  • Aug 23- U.S. luxury homebuilder Toll Brothers Inc reported a 23.5 percent rise in quarterly revenue, boosted by an increase in home sales and prices. The company said its net income rose to $105.5 million, or 61 cents per share, in the third quarter ended July 31 from $66.7 million, or 36 cents per share, a year earlier. Revenue rose to $1.27 billion from $1.03 billion.

  • LONDON, Aug 23- European shares advanced on Tuesday, with builder Persimmon leading the market higher following a solid update and miners recovering after sharp declines in the previous session. Persimmon rose 4 percent after Britain's second largest housebuilder said its reservation rate had risen an annual 17 percent since the start of July, shrugging off...

  • ANCHORAGE, Alaska— Alaska Airlines formally broke ground Monday on construction of a $40 million aircraft maintenance hangar in Anchorage. Officials with the Seattle- based airline say the planned 105,000- square-foot structure is part of a $100 million investment in Alaska that includes new cargo planes and rural terminal improvements.

  • DUBAI, Aug 22- Dubai- listed construction and engineering company Drake& Scull International has asked advisers for proposals to review its business and find strategic investors, its chief financial officer told Reuters on Monday. Governments have cut spending on new projects and in some countries, including Saudi Arabia, they have delayed payments to firms...