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Capital Goods Construction and Engineering

  • NEW YORK, Dec 21- Brazilian construction firm Odebrecht SA and affiliated petrochemical company Braskem SA pleaded guilty in a U.S. court on Wednesday to violating American foreign bribery laws as part of a more than $3 billion deal resolving a sweeping corruption probe of Brazil's state oil company. They are the first guilty pleas in the United States...

  • High degree of company collaboration making Hollywood movies

    Nick Bolton, CEO of Oxford Metrics, discusses how the motion capture technology behind his business is used in the movie industry and road infrastructure.

  • *Q4 profit, revenue top estimates. Dec 19- Lennar Corp, the No. 2 U.S. homebuilder, reported a higher-than-expected quarterly profit and its CEO said he saw "potential upside" in Donald Trump's incoming administration. An improving job market and attractive mortgage rates continue to fuel demand for housing in the United States, helping homebuilders such as Lennar...

  • BRASILIA, Dec 19- Odebrecht executives have testified the Brazilian engineering firm illegally funded the 2014 campaign of the country's impeached leftist president, a top newspaper reported on Monday, a development that could lead to the removal of her successor. The testimony by the state witnesses as part of a leniency deal with the firm could, if accepted...

  • An improving job market and attractive mortgage rates continue to fuel demand for housing in the United States, helping homebuilders such as Lennar and PulteGroup Inc.. President-elect Donald Trump's promises of tax cuts, infrastructure spending and deregulation have raised expectations that the economy is set for stronger growth.

  • Dec 19- U.S. Homebuilder Lennar Corp, the second-largest U.S. homebuilder, reported quarterly profit that topped analysts' estimates as it sold more homes at higher prices. The company's net income attributable to shareholders rose to $313.5 million, or $1.34 per share, in the quarter from $281.6 million, or $1.21 per share, a year earlier. Revenue rose to $3.38...

  • Dec 19- U.S. Homebuilder Lennar Corp reported a 14.6 percent increase in quarterly revenue, boosted by a rise in home sales and higher prices. The company's net income attributable to shareholders rose to $313.5 million, or $1.34 per share, in the fourth quarter ended Nov. 30 from $281.6 million, or $1.21 per share, a year earlier. Revenue rose to $3.38 billion from...

  • But the housing market remains on solid ground, with Friday's report from the Commerce Department showing permits for the future construction of single-family homes, the biggest segment of the market, rising to a nine-year high in November. The economy has some risks to the downside, "said Chris Rupkey, chief economist at MUFG Union Bank in New York.

  • WASHINGTON, Dec 16- U.S. homebuilding fell more than expected in November, tumbling from a nine-year high as construction activity declined broadly, which could prompt further downward revisions to fourth-quarter economic growth estimates. Groundbreaking on new housing projects dropped 18.7 percent to a seasonally adjusted annual rate of 1.09 million...

  • 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...