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Capital Goods Construction and Engineering

  • *New ITER chief estimates total cost at 18 billion euros. CADARACHE, France, Oct 6- Construction of an experimental nuclear fusion reactor in southern France is in full swing as the cost estimate has ballooned to nearly four times the original estimate, but the ITER project's new head says new forecasts are realistic. The seven partners in the International...

  • LONDON, Oct 6- London's Heathrow airport could build a third runway without breaking European pollution laws, according to research published before a British government decision on airport expansion, the BBC reported on Thursday. In a potential boost to Heathrow, research from the University of Cambridge showed that any increased levels of poisonous...

  • WASHINGTON, Oct 3- U.S. construction spending fell in August for the second straight month to its lowest level in eight months, an unexpected drop driven by weakness across public and private sectors. The Commerce Department said on Monday construction spending dropped 0.7 percent in August to a seasonally adjusted annual rate of $1.142 trillion, the lowest...

  • The kingdom issued a hefty payment owed to a construction firm so the company could honor unpaid wages.

  • Several other countries including Germany announced plans to exit nuclear, and in the past three years several nuclear reactors in the United States were closed as they could no longer compete with cheap shale gas. Five years later, only three of Japan's 42 reactors are back in operation but new reactors brought online in China and other countries have partly...

  • *Japan nuclear industry hobbled by shutdowns after Fukushima. TOKYO, Sept 29- Three Japanese conglomerates are in talks to combine their loss-making domestic nuclear fuel operations, people with direct knowledge of the matter said, as the outlook for restarts of reactors following the Fukushima nuclear crisis remains bleak. Only three of Japan's 42 reactors...

  • LONDON/ PARIS, Sept 28- The British government and France's EDF will officially sign a contract to build Britain's first new nuclear power plant in a generation on Thursday, after months of wrangling over the involvement of EDF's Chinese partner, sources said. The delay strained Britain's ties with China just as it is trying to reach out to non-European trading...

  • WASHINGTON, Sept 26- New U.S. single-family home sales posted their biggest decline in nearly a year in August after soaring to nine-year highs the month before, with analysts saying the trend in sales remains positive. The Commerce Department said on Monday new home sales fell 7.6 percent to a seasonally adjusted annual rate of 609,000 units last month.

  • WASHINGTON, Sept 26- New U.S. single-family home sales posted their biggest decline in nearly a year in August after soaring to nine-year highs the month before, with analysts saying the trend in sales remains positive. The Commerce Department said on Monday new home sales fell 7.6 percent to a seasonally adjusted annual rate of 609,000 units last month.

  • WASHINGTON, Sept 26- New U.S. single-family home sales fell less than expected in August, though prices fell and inventories rose. The Commerce Department said on Monday new home sales fell 7.6 percent to a seasonally adjusted annual rate of 609,000 units last month. That level of annualized sales is the highest since October 2007.

  • *India looking to source more energy from nuclear sector. NEW DELHI, Sept 22- India is negotiating with U.S. Export-Import Bank for an $8- 9 billion loan to finance six Westinghouse Electric nuclear reactors, two sources familiar with the talks said, although a lending freeze at the trade agency threatens progress. The mega-project, the result of warming U.S.-...

  • TOKYO, Sept 21- Japan signalled on Wednesday it would scrap a costly prototype nuclear reactor that has operated for less than a year in more than two decades at a cost of 1 trillion yen. There is also a strong anti-nuclear sentiment in Japan in reaction to the 2011 Fukushima atomic disaster and calls to decommission Monju have been growing in the ruling Liberal...

  • TOKYO, Sept 21- Japan signalled on Wednesday it would scrap a costly prototype nuclear reactor that has operated for less than a year in more than two decades at a cost of 1 trillion yen. There is also a strong anti-nuclear sentiment in Japan in reaction to the 2011 Fukushima atomic disaster and calls to decommission Monju has been growing in the ruling Liberal...

  • WASHINGTON, Sept 20- U.S. housing starts fell more than expected in August likely as bad weather disrupted building activity in the South, but a solid increase in permits for single-family dwellings suggested demand for housing remained intact. Economists said flooding in Texas and Louisiana was probably behind the drop in starts last month.

  • Sept 20- Lennar Corp, the second-largest U.S. homebuilder, posted its slowest growth in orders in more than a year as it grapples with choppy demand for higher-priced homes in Houston, which has been hit hard by weak oil prices. Lennar's home sales in Houston fell for the fourth straight quarter as a slump in oil prices has weighed on the region's economy.

  • *Housing starts fall 5.8 percent in August. WASHINGTON, Sept 20- U.S. housing starts fell more than expected in August as building activity declined broadly after two straight months of solid increases, but a rebound in permits for single-family dwellings suggested demand for housing remained intact. Groundbreaking decreased 5.8 percent to a seasonally...

  • Engineering firms are concerned that the U.K.’s decision to leave the EU will result in a skills gap in the sector, a new survey reveals.

  • WASHINGTON, Sept 20- U.S. housing starts fell more than expected in August as building activity declined broadly after two straight months of solid increases, but a rebound in permits for single-family dwellings suggested demand for housing remained intact. Groundbreaking decreased 5.8 percent to a seasonally adjusted annual pace of 1.14 million units, the...

  • New homes for sale by Lennar home builders.

    Lennar reported higher-than-expected quarterly profit and revenue as it sold more homes at higher prices and the company said orders rose 8.1 percent.

  • Net income attributable to Lennar's shareholders rose to $235.8 million, or $1.01 per share, from $223.3 million, or 96 cents per share. Analysts on average were expecting a profit of 89 cents per share and revenue of $2.68 billion, according to Thomson Reuters I/B/E/S. Up to Monday's close, shares of the Florida- based builder had fallen 7.8 percent this year.