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Capital Goods Construction and Engineering

  • WASHINGTON, Dec 16- U.S. homebuilding fell more than expected in November, tumbling from a nine-year high as construction activity declined broadly. Groundbreaking on new housing projects dropped 18.7 percent to a seasonally adjusted annual rate of 1.09 million units, the Commerce Department said on Friday. The housing market remains on solid ground even as...

  • Stocks to Watch: December 16, 2016

    Honeywell, Nordstrom and Sotheby's stocks are making headlines Friday morning to finish off the trading week.

  • BRASILIA, Dec 15- Brazilian President Michel Temer on Thursday unveiled a slew of stimulus measures to reduce the debt burden of businesses and consumers struggling with the country's worst recession on record amid growing popular discontent. "We are taking measures to pull the economy out of the recession," Temer said in a briefing flanked by the head of the...

  • BRASILIA, Dec 15- Brazilian President Michel Temer plans to unveil on Thursday fresh measures to ease the pain of consumers and businesses struggling with the country's worst recession on record amid growing popular discontent. Although limited in scope, government officials said the measures aim to appease Brazilians angry at the deepening recession in...

  • Areva notified the U.S. Nuclear Regulatory Commission last week that a review of paperwork "anomalies" at its Le Creusot facility in France "has not found any safety concerns," NRC spokesman David McIntyre said on Wednesday. France's Nuclear Safety Authority, or ASN, requested a probe of Le Creusot in early May after a flaw was discovered in the vessel of a reactor...

  • Areva notified the U.S. Nuclear Regulatory Commission last week that a review of paperwork "anomalies" at its Le Creusot facility in France "has not found any safety concerns," NRC spokesman David McIntyre said on Wednesday. France's Nuclear Safety Authority, or ASN, requested a probe of Le Creusot in early May after a flaw was discovered in the vessel of a reactor...

  • PARIS, Dec 14- A rebound in the French construction sector will accelerate next year, provided government measures supporting the sector are not scrapped after the 2017 presidential election, the head of the French building federation said on Wednesday. A potential reduction in public spending after the May 2017 election, if extended on measures such as the...

  • SAO PAULO, Dec 14- Brazilian homebuilder Construtora Tenda SA scrapped an initial public offering due to be priced later on Wednesday because of challenging market conditions, in the latest sign of Brazil's increased political turmoil weighing on investor sentiment. Gafisa, Tenda and the banks handling the IPO, the first for a homebuilder in Brazil since...

  • Pipeline leaks 176,000 gallons of oil into creek

    An oil pipeline spilled 176-thousand gallons of crude into the water, about 150-miles from the Dakota Access protest camp.

  • Here's why New York City traffic could get worse

    The construction of a train tunnel under the Hudson River may tie up traffic on the west side highway for three years.

  • *Modi banned high-denomination banknotes on Nov. 8. GURUGRAM, India, Dec 12- Hundreds of thousands of Indian construction workers have returned home since Prime Minister Narendra Modi abolished high-denomination banknotes, leaving some building sites across the country facing costly delays. A month after Modi's shock move to take away 86 percent of cash in...

  • LONDON, Dec 9- Britain's trade deficit narrowed more than expected in October but overall there was little sign exports were getting much help from sterling's fall since Britain voted to leave the European Union in June, data showed on Friday. The Office for National Statistics said on Tuesday it had been misclassifying trade in gold since January 2015.

  • LONDON, Dec 9- Britain's trade deficit narrowed more than expected in October but overall there was little sign exports were getting much help from sterling's fall since Britain voted to leave the European Union in June, data showed on Friday. The Office for National Statistics said on Tuesday it had been misclassifying trade in gold since January 2015.

  • MEXICO CITY, Dec 7- A consortium including billionaire Carlos Slim's building unit submitted the lowest bid on Wednesday in a tender for the terminal project at Mexico City's new $13 billion airport as the telecoms tycoon looks to edge out two rivals for the deal. The construction arm of Slim's Grupo Carso and his majority-owned FCC, submitted a bid of 84.8...

  • MEXICO CITY, Dec 7- Billionaire Carlos Slim's Carso and FCC presented a joint bid on Wednesday with Spanish firm Acciona and cash-strapped builder ICA to build the terminal of Mexico City's new $13 billion airport. Reuters reported on Tuesday that the group, which includes Mexican firms Constructora Y Edificadora GIA+ A, Promotora y Desarrolladora Mexicana,...

  • SAO PAULO, Dec 7- MRV Engenharia SA expects to more than halve the number of failed home sales in coming months, a sign that efforts by Brazil's No. 1 low-income homebuilder to toughen terms for potential buyers will soon bear fruit, co-Chief Executive Officer Eduardo Fischer said. MRV is up 29 percent this year, in line with a broader index grouping Brazil's main...

  • NEW YORK, Dec 7- Optimism about President-elect Donald Trump's U.S. economic agenda has sent shares of construction and engineering companies soaring, but the stocks may be vulnerable if benefits from infrastructure spending or other policies fall short. Many of the companies also operate predominantly in the United States, so a stronger dollar would not...

  • Choose Mexican over pizza, one analyst told CNBC's Street Signs, and he wasn't strictly talking about takeaways.

  • MEXICO CITY/ MADRID, Dec 6- Mexican tycoon Carlos Slim and construction firm ICA will bid jointly to build a $3.5 billion terminal for Mexico City's new airport, and no longer face competition from Spanish rivals Ferrovial and Dragados, people familiar with the matter said. Reuters reported in October that a consortium led by Carso Infraestructura y...

  • Dec 6- U.S. luxury homes builder Toll Brothers Inc's revenue increased more than expected for the fifth straight quarter, boosted by higher home sales and average selling prices, and the company also gave an encouraging outlook. Toll Brothers, whose homes can cost upwards of $2 million, on Tuesday also introduced a new line of homes to cater to affluent...