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Capital Goods Construction and Engineering

  • In a statement on Thursday evening, Burgum and the Army Corps refused to extend next Wednesday's deadline. Army Corps spokesman Ryan Hignight said contractors working for the agency would enter the camp as soon as they could. The exchange came a day after Burgum ordered pipeline opponents to move off of land owned by the Army Corps, citing safety and...

  • Stocks to Watch: February 17, 2017

    Kraft Heinz, Unilever, Deere, and VF stocks are making headlines on Wall Street to wrap up the trading week.

  • NEW DELHI, Feb 17- India does not expect fallout from the financial meltdown at Toshiba Corp to halt plans to buy six nuclear reactors from the Japanese company's U.S. nuclear unit Westinghouse, a senior government official told Reuters on Friday. India has been in talks to locate half a dozen Westinghouse AP1000 reactors in the southern state of Andhra Pradesh...

  • In a statement on Thursday evening, Burgum and the Army Corps refused to extend next Wednesday's deadline. Army Corps spokesman Ryan Hignight said contractors working for the agency would enter the camp as soon as they could. The exchange came a day after Burgum ordered pipeline opponents to move off of land owned by the Army Corps, citing safety and...

  • BOGOTA, Feb 16- Colombian regulators ordered the nullification of a major road construction contract that had been awarded to Brazilian engineering firm Odebrecht and local partners, amid a Latin America- wide bribery scandal. Odebrecht pleaded guilty in U.S. court and agreed to a $3.5 billion penalty for paying hundreds of millions of dollars in bribes in...

  • These students are 3D printing body parts

    Engineering students at a Texas high school are 3D printing hands for people in need, for a really great price.

  • WASHINGTON, Feb 16- U.S. homebuilding fell in January as the construction of multi-family housing projects dropped, but upward revisions to the prior month's data and a jump in permits to a one-year high suggested the housing recovery remained on track. The economy is getting stronger, "said Joel Naroff, chief economist at Naroff Economic Advisors in Holland,...

  • WASHINGTON, Feb 16- U.S. homebuilding fell in January as the construction of multi-family housing projects dropped, but upward revisions to the prior month's data and a jump in permits to a one-year high suggested the housing recovery remained on track. Housing starts fell 2.6 percent to a seasonally adjusted annual rate of 1.25 million units last month, the...

  • *Raises questions over UK Moorside project. LONDON, Feb 14- The future of Britain's new Moorside nuclear plant was thrown into doubt on Tuesday after Japan's Toshiba Corp, which is developing the project with France's Engie, said it planned to pull out of the construction work. "It's a pretty challenging time and it's difficult anyway to work out how to make nuclear...

  • DUBAI, Feb 14- Dubai- based building company Drake& Scull announced a turnaround and capital restructuring plan on Tuesday as it reported another quarterly loss, the latest sign of how a slowdown in the Gulf's construction industry is hurting contractors. As part of its capital restructuring plan, DSI said it was considering proposing a rights issue of 500...

  • DAR ES SALAAM, Feb 9- Tanzanian President John Magufuli has told officials to investigate an airport terminal construction project in the commercial capital Dar es Salaam, saying the cost was inflated. The Terminal Three project at Julius Nyerere International Airport is being built by Dutch contractor BAM Group for 560 billion shillings.

  • DUBAI, Feb 9- Creditors have agreed in principle to Saudi Binladin Group's request for a two-year extension on a 10 billion riyal Islamic credit facility used to pay for delayed building work at the Grand Mosque in Mecca, sources said. SBG, which due to historically close ties to the government has emerged as one of the heavyweights of the kingdom's construction...

  • *France's Vinci gains on 2017 forecasts. LONDON, Feb 8- European shares edged higher on Wednesday led by mining and construction stocks on a heavy day for company results. The pan-European STOXX 600 index was up 0.2 percent, but national indexes were mixed, with Italy, Spain and Britain in negative territory while France's blue-chip index outperformed.

  • Logos of ABB AG sit on display outside the company's semi-conductor plant in Lenzburg, Switzerland.

    ABB reported an end to its almost two-year decline in order intake by posting a small increase in new business.

  • BUENOS AIRES, Feb 7- A federal judge in Argentina will request information from Brazil and Switzerland to determine if President Mauricio Macri's spy chief received bribe money from a builder in 2013, state-run news agency Telam reported on Tuesday. Prosecutors publicly announced two weeks ago that they are investigating whether National Intelligence...

  • SAO PAULO, Feb 6- Brazil's government said on Monday it was raising income limits for a subsidized mortgage program in an effort to spur the country's struggling construction industry and spark a long-awaited recovery from the worst economic recession on record. Brazil aims to finance 610,000 new homes with the mortgage program this year, which stalled last...

  • *Toshiba withdraw from lead role in India negotiations- sources. LONDON/ TOKYO, Feb 3- Toshiba Corp plans to withdraw from its lead role in projects to build nuclear plants in Britain and India, sources with direct knowledge of the matter said, marking a retreat as it wrestles with an imminent multi-billion dollar writedown. But it would throw into question the...

  • SAO PAULO, Feb 2- Brazil's government is expected to dedicate 500 million reais of a national workers' severance fund to finance purchases of more expensive homes, a move designed to help homebuilders lower inventory, the head of an industry group said on Thursday. Under the plan, the government will raise the price threshold of homes eligible for FGTS financing...

  • SAO PAULO, Feb 2- Brazil's government plans to dedicate an additional 500 million reais of the FGTS workers' severance fund to home financing and raise the price threshold of eligible homes nearly 60 percent to as much as 1.5 million reais, José Carlos Martins, president of construction industry group CBIC, said on Thursday. Martins said the government also...

  • KHOBAR, Saudi Arabia, Feb 2- State oil giant Saudi Aramco is considering expanding its oil and gas production from the Berri offshore oilfield, industry sources told Reuters. Aramco has invited companies to bid for several packages of front-end engineering and design work on the project, which one source estimated could cost $6 billion. Last month, Aramco chief...