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Capital Goods Construction and Engineering

  • Siemens Q4 profit ahead of expectations

    Siemens CEO Joe Kaeser looks back on how the engineering firm performed in 2016.

  • Siemens CEO Joe Kaeser

    Joe Kaeser, chief executive officer of Siemens, tells CNBC that "clean energy is just what people want."

  • HONG KONG, Nov 10- Property developer China Evergrande Group bolstered its hand in a tussle for control of China's largest home builder on Wednesday, spending more than $600 million to raise its stake in China Vanke Co Ltd to 8.29 percent. In August Evergrande spent $2.2 billion buying nearly 7 percent of Vanke- without ever disclosing exactly why- and taking a...

  • SAO PAULO, Nov 9- MRV Engenharia e Participações SA will keep investing in land to take advantage of Brazil's growing housing deficit, said Co-chief Executive Officer Rafael Menin on Wednesday after the low-income homebuilder posted quarterly profit in line with estimates. Brazil's largest low-income homebuilder will spend about 290 million reais...

  • *Saudi bank debt estimated at 13 bln riyals- source. DUBAI, Nov 8- Construction giant Saudi Oger has asked banks to agree to a freeze in repayments on at least 13 billion riyals of debt, sources aware of the matter said, as it seeks more time to collect money owed by the kingdom's government. The request opens the way for the company, owned by the family of Lebanese Prime...

  • OTTAWA, Nov 8- Canadian housing starts slowed in October as the once-hot British Columbia market braked sharply, while separate data on Tuesday showed the value of building permits slipped in September, suggesting the country's long property boom is cooling. Housing starts in Ontario, by contrast, rose 20.0 percent in October, suggesting Canada's largest city,...

  • The company's net income rose to $283.6 million, or 75 cents per share, in the fourth quarter, from $238.9 million, or 64 cents per share, a year earlier. Horton earned 76 cents per share. Home sales revenue rose 19.2 percent to $3.64 billion.

  • Horton Inc, the largest U.S. homebuilder, reported an 18.7 percent rise in quarterly profit as it sold more homes. The company's net income rose to $283.6 million, or 75 cents per share, in the fourth quarter ended Sept. 30, from $238.9 million, or 64 cents per share, a year earlier. Home sales revenue rose 19.2 percent to $3.64 billion.

  • LONDON, Nov 7- U.S. private equity investor TPG has agreed to sell its logistics property firm P3 Logistics Parks to Singapore's sovereign wealth fund GIC in a deal which values the business at 2.4 billion euros, TPG said on Monday. The sale, which is subject to regulatory approval and is expected to close by the end of 2016, gives GIC control of P3's 163 warehouses in...

  • LONDON, Nov 2- Growth in Britain's construction industry hit a seven-month high in October as housebuilding rose, but slowing order books and soaring prices for building materials darkened the outlook, a survey showed on Wednesday. "The downturn in the construction sector continued to ease in October, but it would be premature to conclude that the sector is back...

  • LONDON, Nov 2- Growth in Britain's construction industry hit a seven-month high in October as housebuilding rose, but slowing order books and soaring prices for building materials darkened the outlook, a survey showed on Wednesday. The Markit/CIPS UK Construction Purchasing Managers' Index rose unexpectedly to 52.6 from 52.3, confounding a Reuters poll...

  • LONDON, Nov 2- Sterling hit a two-week high against a dollar weakened by worries about the U.S. presidential election on Wednesday, as investors waited for construction sector data for the latest clues on the health of the British economy. Carney's decision eased concerns about perceived attacks on the Bank's independence in an uncertain political...

  • WASHINGTON, Nov 1- U.S. factory activity increased for a second straight month in October amid a pickup in production and hiring, supporting views that the embattled manufacturing sector would regain some momentum in the fourth quarter. Manufacturing has suffered a prolonged slump in the aftermath of the dollar's surge between June 2014 and December 2015,...

  • *Factory activity expands in October, but orders slow. WASHINGTON, Nov 1- U.S. factory activity increased for a second straight month in October amid a pickup in production and hiring, supporting views manufacturing would regain some momentum in the fourth quarter. The Institute for Supply Management on Tuesday said its index of national factory activity rose...

  • WASHINGTON, Nov 1- U.S. construction spending unexpectedly fell in September as outlays on private nonresidential structures recorded their biggest decline in nine months, which could see a mild downward revision to the third-quarter economic growth estimate. The Commerce Department said on Tuesday that construction spending slipped 0.4 percent after...

  • CHICAGO, Nov 1- Engine maker Cummins Inc on Tuesday reported a lower quarterly profit as revenue was hit by weak heavy-duty truck production in North America and poor global demand for power generation equipment. "Due to the slow pace of growth in the global economy, we continue to face weak demand in a number of our most important markets," Cummins Chief Executive...

  • WASHINGTON, Oct 26- New U.S. single-family home sales unexpectedly rose in September, pointing to sustained demand for housing even as data for the prior three months were revised lower. "A lot of the pieces of the puzzle have come back together in a positive direction, with a pickup in the export of goods to the rest of the world and new home sales," said Chris Rupkey,...

  • WASHINGTON, Oct 26- New U.S. single-family home sales unexpectedly rose in September, pointing to sustained demand for housing even as data for August was revised sharply lower. The Commerce Department said on Wednesday new home sales increased 3.1 percent to a seasonally adjusted annual rate of 593,000 units last month, pulling them close to a nine-year high...

  • WASHINGTON, Oct 26- New U.S. single-family home sales unexpectedly rose in September, pointing to sustained demand for housing even as data for August was revised sharply down. The Commerce Department said on Wednesday new home sales increased 3.1 percent to a seasonally adjusted annual rate of 593,000 units last month, pulling them close to a nine-year high...

  • MEXICO CITY/ MADRID, Oct 25- Tycoon Carlos Slim's construction arm is in talks with his majority-owned construction firm FCC and rival Spanish builder Acciona to jointly bid on a coveted $3.5 billion Mexico City airport terminal project, five people familiar with the matter said. The bid for the terminal, hot on the heels of Carso's runway bid, shows how Slim,...