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Capital Goods Construction and Engineering

  • Nov 15- Electric vehicle startup Faraday Future said on Tuesday it has stopped construction on a planned $1 billion factory in North Las Vegas, Nevada. The company, based in Gardena, California, reportedly missed several payment deadlines with contractor AECOM, according to a Nevada state official. The Faraday spokesman said the company is "refocusing its...

  • LONDON, Nov 15- Britain built the largest number of new homes since the global financial crisis during the year to the end of March, annual figures showed on Tuesday, as the economy picked up and the government took steps to tackle Britain's housing shortage. The Federation of Master Builders, an industry body that represents smaller housebuilders, said...

  • Nov 14- Support services and construction company Interserve Plc said Chief Executive Adrian Ringrose would step down in 2017.. Interserve shares were up 4.2 percent at 373.69 pence on Monday at 1459 GMT on the London Stock Exchange. Interserve has been struggling with rising debt, restructuring at its units and a slowdown in its home market, with major...

  • Nov 14- Support services and construction company Interserve Plc said Chief Executive Adrian Ringrose would step down in 2017.. Interserve said Ringrose, its CEO of about 13 years, would continue in his current role until his successor was appointed. Separately, the company reiterated its forecast for the full-year, adding that its performance for the first 10...

  • LONDON, Nov 10- European construction and materials index hit a nine-year high on Thursday on expectations that U.S. President-elect Donald Trump's big plans to spend on infrastructure would help the region's construction firms. He plans a $1 trillion infrastructure spending program over a decade.

  • UK market has stabilized after uncertainty: Wienerberger CEO

    Wienerberger CEO Heimo Scheuch says it’s too early to say what the implications or outlook will be when it comes to the U.K. leaving the European Union.

  • Wienerberger has seen negative currency impact: CEO

    Wienerberger CEO, Heimo Scheuch reacts to the news that Donald Trump will be the next U.S. president and what it means for the company.

  • 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,...