Capital Goods Construction and Engineering

  • SANTIAGO, April 28- New home sales in Chilean capital city Santiago slid 41 percent in the first quarter of 2016, as buyers rushed to purchase houses and apartments last year before a change in tax law that would boost prices went into effect, industry group CChC said on Thursday. Sales of new apartments in greater Santiago fell 44.5 percent, while new house sales...

  • BRASILIA, April 28- Brazil's comptroller general said it had barred builder Mendes Junior Engenharia from public tenders for at least two years on Thursday, making it the first engineering company to be penalized for involvement in the Petrobras corruption scheme. Mendes is one of about 30 companies implicated in the bribery and kickback investigation that...

  • WASHINGTON, April 25- New U.S. single-family home sales unexpectedly fell in March, but the decline was concentrated in the West region, suggesting that the housing market continued to strengthen. The Commerce Department said on Monday new home sales decreased 1.5 percent to a seasonally adjusted annual rate of 511,000 units. February's sales pace was revised...

  • *China's economy shows signs of a pick up. BEIJING/ SINGAPORE, April 25- Caterpillar Inc, the world's largest maker of heavy equipment, has raised hopes that China's battered construction sector may be showing signs of life, pointing to its strongest post-holiday period in three years after a government boost. Ahead of a key week for the heavy equipment sector, with...

  • Our strategy is delivering: Covestro CEO

    Patrick Thomas, CEO of Covestro, says the company has experienced strong core growth and discusses the Chinese construction market

  • April 21- PulteGroup Inc Chief Executive Richard Dugas reiterated that he planned to remain on the job until he retires in May 2017, resisting pressure from the company's founder that he resign immediately. The homebuilder has been caught up in a bitter standoff between founder and Chairman Emeritus Bill Pulte, who is also the company's largest shareholder,...

  • The company's net income rose to $83.3 million, or 24 cents per share, in the first quarter ended March 31 from $55 million, or 15 cents per share, a year earlier. Total revenue rose 26.4 percent to $1.43 billion. PulteGroup said the average selling price rose 9.3 percent to $353,000, while new orders rose 10 percent to 5,652 homes.

  • The company handed over 9,262 homes in the second quarter ended March 31, an increase of 12 percent, and said net sales orders rose 10 percent to 12,292 homes. The company's net income rose to $195.1 million, or 52 cents per share, in the second quarter ended March 31, from $147.9 million, or 40 cents per share, a year earlier. Analysts on average had expected a profit of 47...

  • Horton Inc, the largest U.S. homebuilder, reported a 32 percent rise in quarterly profit as it sold more homes. The company's net income rose to $195.1 million, or 52 cents per share, in the second quarter ended March 31, from $147.9 million, or 40 cents per share, a year earlier. Revenue rose 15.5 percent to $2.70 billion.

  • WASHINGTON, April 20- U.S. home resales rebounded more than expected in March as supply improved, suggesting the housing market recovery remained intact despite signs that economic growth probably stalled in the first quarter. It shows confidence, "said Chris Rupkey, chief economist at MUFG Union Bank in New York. The National Association of Realtors said on...

  • STOCKHOLM, April 20- Swedish construction company Skanska plans to expand its commercial property development business in the United States, betting interest rates won't rise fast enough to dent strong investor demand for high-yielding real estate. Skanska's U.S. chief Richard Cavallaro said the company's goal this year was to identify which U.S. cities...

  • *Existing home sales increase 5.1 percent in March. WASHINGTON, April 20- U.S. home resales rebounded more than expected in March, suggesting the housing market recovery remained intact despite signs that economic growth probably stalled in the first quarter. The National Association of Realtors said on Wednesday existing home sales surged 5.1 percent to an...

  • *Housing starts fall 8.8 percent in March. WASHINGTON, April 19- U.S. housing starts fell more than expected in March and permits for future home construction hit a one-year low, suggesting some cooling in the housing market in line with signs of a sharp slowdown in economic growth in the first quarter. Groundbreaking decreased 8.8 percent to a seasonally...

  • WASHINGTON, April 19- U.S. housing starts fell more than expected in March and permits for future home construction hit a one-year low, suggesting some cooling in the housing market in line with signs of a sharp slowdown in economic growth in the first quarter. Groundbreaking decreased 8.8 percent to a seasonally adjusted annual pace of 1.09 million units, the...

  • BRASILIA, April 15- Brazilian engineering company Andrade Gutierrez made undeclared donations to President Dilma Rousseff's 2014 reelection campaign, newspaper Folha de S. Paulo reported on Friday, in an article that could bolster calls for her impeachment. A spokeswoman for Andrade Gutierrez declined to comment. According to Folha, Andrade Gutierrez paid...

  • LONDON, April 15- British shares retreated on Friday as stagnation at the top end of the housing market allied to persistent concerns about a possible British exit from the European Union put pressure on housebuilders. The Thomson Reuters UK Homebuilding index dropped 2.8 percent, hitting an 11- month low. Investors cited concerns over a June referendum in...

  • BRASILIA, April 15- Brazilian engineering company Andrade Gutierrez made undeclared donations to President Dilma Rousseff's 2014 reelection campaign, newspaper Folha de S. Paulo reported on Friday, in an article that could bolster calls for her impeachment. A spokeswoman for Andrade Gutierrez declined to comment. According to Folha, Andrade Gutierrez paid...

  • *Part of 10- year, $9 bln plan to redevelop ageing area. TOKYO, April 13- Japan's Mori Building Co said on Wednesday it would spend about 400 billion yen on constructing three high-rise towers as part of a grand plan to redevelop a central Tokyo district, and may seek a partner to fund the project. "This area is scattered with smaller and older buildings and tenants have...

  • MEXICO CITY, April 12- Shares of Mexican homebuilder Consorcio Ara hit their highest in five years on Tuesday amid a recovery in the country's battered housing sector. Ara, the biggest homebuilder on Mexico's stock exchange, adjusted to the changes better than many of its peers like Geo and Homex, which were forced to file for bankruptcy protection.

  • Rocket prices return to Earth

    CNBC's Jane Wells reports from the Space Symposium in Colorado Springs about who's going to build rocket engines for the U.S. government.