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Capital Goods Construction and Engineering

  • WASHINGTON, March 1- President Donald Trumps promise to use existing funds to begin immediate construction of a wall on the U.S.- Mexico border has hit a financial roadblock, according to a document seen by Reuters. This means that for the wall to move forward, the White House will need to convince Congress to appropriate funds. Trump has said he will ask Congress...

  • MILAN, March 1- European shares climbed to 15- month highs on Wednesday, with banks and construction stocks leading the rally on renewed optimism over a huge economic stimulus in the United States. President Donald Trump pledged $1 trillion of infrastructure spending in a speech to Congress on Tuesday, while policymakers stoked speculation of a rate hike in...

  • *Shares rise as much as 11.4 pct to $82.85. March 1- Lowe's Cos Inc forecast 2017 sales that topped estimates and reported better-than-expected quarterly comparable sales and profit, helped by a robust housing market that encouraged Americans to spruce up their homes or buy new ones. Shares of the No. 2 U.S. home improvement retailer rose as much as 11.4 percent to...

  • *Adj. profit 86 cents/ shr vs. est. *Shares rise 9.1 pct to $81.15 premarket. March 1- Lowe's Cos Inc forecast 2017 sales ahead of analysts' estimates and reported better-than-expected quarterly comparable-store sales as trends in the housing market encouraged Americans to spruce up their homes or buy new ones.

  • Feb 28- South Korea's LG Electronics Inc said it would spend $250 million to build a new factory in the United States, in a move that comes amid criticism from U.S. The U.S. administration has threatened an import tax, and Trump has attacked some of the world's biggest companies, triggering many to make promises to invest more in the United States.

  • DUESSELDORF, Germany, Feb 28- German builder Hochtief is keen for more work in the United States, including any possible contract to build a wall on the U.S. border with Mexico, Chief Executive Marcelino Fernandez Verdes said. But we are open for all contracts in the United States, "he told journalists on Tuesday when asked if Hochtief would be interested in building...

  • *Some developers delay new home sales. HONG KONG, Feb 27- Some Chinese developers are playing a game of cat-and-mouse with local governments by delaying the launch of new home sales in the hope of riding out tightening measures in the property market that have dampened prices in some major cities. Prices in Beijing, Hangzhou and Chengdu were flat and Guangzhou was...

  • SAO PAULO, Feb 24- Chinese heavy machinery maker Xuzhou Construction Machinery Group Co Ltd is in talks with Brazilian engineering firm OAS SA to form a joint venture for construction in Africa and Latin America, a person with direct knowledge of the matter said on Friday. The venture would be the first major step in OAS's efforts to rebuild itself almost three...

  • WASHINGTON, Feb 24- New U.S. single-family home sales rose less than expected in January, likely held back by heavy rains and flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates. Consumers are confident and are buying homes, but builders are not getting their share of that demand, "said Joel...

  • WASHINGTON, Feb 24- New U.S. single-family home sales rose less than expected in January, likely hurt by flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates. The Commerce Department said new home sales increased 3.7 percent to a seasonally adjusted annual rate of 555,000 units last month.

  • Detainees are escorted as hundreds of mostly Central American children are being held at a U.S. Customs and Border Protection center in Nogales, Ariz., on June 18, 2014.

    President Donald Trump's plans to deport millions of unauthorized workers would hurt a handful of states that rely most heavily on undocumented workers.

  • From hoverboards to safer building foundations

    Greg Henderson, CEO of ARX PAX, talks about how the company uses technology to reduce the risks buildings face from natural disasters.

  • An improving job market and attractive mortgage rates has continued to fuel demand for housing in the United States, where homebuilders have also seen a bump in consumer sentiment post-election. "The pent-up demand of the past seven years may be starting to release, bringing more buyers into the market, especially in the move-up segment, where rising home...

  • The company, whose homes can cost more than $2 million, said orders rose about 22 percent to 1,522 homes in the first quarter ended Jan. 31. The Horsham, Pennsylvania- based company's net earnings declined 3.8 percent to $70.42 million, or 42 cents per share, in the first quarter, from a year earlier. Revenue fell to $920.73 million from $928.57 million.

  • Feb 22- Toll Brothers Inc reported a 3.8 percent fall in quarterly profit, hurt by lower average selling prices for its luxury homes. The Horsham, Pennsylvania- based company's net earnings declined to $70.42 million, or 42 cents per share, in the first quarter ended Jan. 31, from $73.18 million, or 40 cents per share, a year earlier. Revenue fell to $920.73 million from...

  • Feb 21- Home Depot Inc, the world's largest home improvement chain, reported higher-than-expected profit and sales helped by a strong housing market in the United States and set a $15 billion share repurchase plan. Home Depot's net earnings rose to $1.74 billion, or $1.44 per share, in the fourth quarter, from $1.47 billion, or $1.17 per share, a year earlier.

  • *Region's house prices soar over past decade. *Low interest rates and tax perks encourage buyers. OSLO/ STOCKHOLM/ COPENHAGEN, Feb 20- Joakim Bakka, a 29- year-old shop worker, was so desperate to get into Norway's booming housing market that he was prepared to borrow money at 13 percent for a deposit to buy a home.

  • *Region's house prices soar over past decade. *Low interest rates and tax perks encourage buyers. OSLO/ STOCKHOLM/ COPENHAGEN, Feb 20- Joakim Bakka, a 29- year-old shop worker, was so desperate to get into Norway's booming housing market that he was prepared to borrow money at 13 percent for a deposit to buy a home.

  • *Region's house prices soar over past decade. *Low interest rates and tax perks encourage buyers. OSLO/ STOCKHOLM/ COPENHAGEN, Feb 20- Joakim Bakka, a 29- year-old shop worker, was so desperate to get into Norway's booming housing market that he was prepared to borrow money at 13 percent for a deposit to buy a home.

  • *Region's house prices soar over past decade. *Low interest rates and tax perks encourage buyers. OSLO/ STOCKHOLM/ COPENHAGEN, Feb 20- Joakim Bakka, a 29- year-old shop worker, was so desperate to get into Norway's booming housing market that he was prepared to borrow money at 13 percent for a deposit to buy a home.