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Capital Goods Construction and Engineering

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  • Builders FirstSource posts 2Q profit Thursday, 23 Jul 2015 | 5:54 PM ET

    DALLAS _ Builders FirstSource Inc. on Thursday reported second-quarter profit of $3.6 million. Builders FirstSource shares have more than doubled since the beginning of the year. Keywords: Builders FirstSource, Earnings Report.

  • M/I Homes posts 2Q profit Thursday, 23 Jul 2015 | 8:48 AM ET

    COLUMBUS, Ohio _ M/I Homes Inc. on Thursday reported second-quarter net income of $13.4 million. M/I Homes shares have increased slightly more than 8 percent since the beginning of the year. Keywords: M/I Homes, Earnings Report.

  • July 23- PulteGroup Inc, the third-largest U.S. homebuilder, reported a quarterly profit that more than doubled as costs nearly halved. The company said home sales fell across the United States, except the North, led by a 15 percent decline in Texas, its fourth biggest market in terms of revenue. The company's net income rose to $103.3 million, or 28 cents per share,...

  • PulteGroup profit doubles as costs fall Thursday, 23 Jul 2015 | 6:50 AM ET

    July 23- PulteGroup Inc, the third largest U.S. homebuilder, reported a quarterly profit that more than doubled from a year earlier as costs declined. The company's net income rose to $103.3 million, or 28 cents per share, in the second quarter ended June 30, from $41.9 million, or 11 cents per share, a year earlier. The latest quarter includes a pre-tax benefit of $27...

  • FORT MCMURRAY, Alberta, July 22- Infrastructure at the site in northern Alberta of one of the biggest oil-related pipeline spills ever on North American soil was installed on a "tight schedule", according to the firm that developed some of the pipeline's safety technology. The engineering firm, French-based ITP Interpipe, said in a June 2014 presentation to the...

  • GENEVA, July 22- The Swiss Attorney General's office said on Wednesday it has widened a corruption investigation into Brazilian oil firm Petrobras to include Latin America's largest engineering and construction company, Odebrecht SA, and its subsidiaries. Marcelo Odebrecht, chief executive of Brazil- based Odebrecht SA, was arrested in Sao Paulo last month...

  • WASHINGTON, July 22- U.S. home resales rose in June to their highest level in nearly 8-1/ 2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the Federal Reserve on track to raise interest rates later this year. The National Association of Realtors said on Wednesday existing home sales increased 3.2 percent to an annual...

  • WRAPUP 1-U.S. home sales near 8-1/2-year high, prices rise Wednesday, 22 Jul 2015 | 10:55 AM ET

    *Existing home sales increase 3.2 percent in June. WASHINGTON, July 22- U.S. home resales rose in June to their highest level in nearly 8-1/ 2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the Federal Reserve on track to raise interest rates later this year. The National Association of Realtors said on Wednesday existing...

  • DEALTALK-Spending cuts fuel government contractor M&A Wednesday, 22 Jul 2015 | 12:59 AM ET

    NEW YORK/ WASHINGTON, July 22- Companies that provide the U.S. government with services ranging from air traffic management and data analytics to janitors and trainers for military dolphins are increasingly trying to find buyers for those businesses as cuts in public spending erode profit margins. Showing growing impatience with a declining sector,...

  • Adani suspends two Carmichael contractors - SMH report Tuesday, 21 Jul 2015 | 10:40 PM ET

    SYDNEY, July 22- India's Adani Mining has suspended two major contractors on its A $10 billion Carmichael coal project in Australia, the Sydney Morning Herald reported on Wednesday, raising fresh doubts about the project's future. Project manager Parsons Brinckerhoff and Korea's POSCO Engineering& Construction Co Ltd, which is also touted as an investor in...

  • July 20- Omaha Public Power District said on Monday its Fort Calhoun nuclear power plant in Nebraska was manually taken offline to repair a water leak on one of its four reactor coolant pumps. The maintenance outage on the 479- megawatt Fort Calhoun nuclear power plant will not cause an interruption of electrical service to OPPD customers, the statement from...

  • CALGARY, July 20- The builder of a ruptured Nexen Energy oil sands pipeline in Canada that caused one of North America's largest oil-related land spills said on Monday it had followed the design plans it was given for the infrastructure. Surerus Pipeline Inc, a contractor based in Fort St. John in British Columbia, "had no involvement in this project after the...

  • RIO DE JANEIRO, July 20- Three executives of Brazil's Camargo Correa group were convicted on Monday of money laundering, corruption and other charges, the first construction-industry executives to be sentenced in a giant price fixing and bribery scandal involving state-run oil company Petrobras. The ruling was handed down by Judge Sergio Moro of Brazil's...

  • WASHINGTON, July 17- U.S. housing starts rebounded strongly in June and building permits surged to a near eight-year high, pointing to a rapidly strengthening housing market. Groundbreaking increased 9.8 percent to a seasonally adjusted annual pace of 1.17 million units, the Commerce Department said on Friday. Permits for future home construction increased...

  • NEW DELHI, July 17- Indian Prime Minister Narendra Modi's top civil servant hauled road builder KMC Constructions into his office last week, along with a state bank and officials, and set an October deadline to finish the Pink City Expressway linking Delhi and Jaipur. But a handful of troubled mega-projects like the Pink City Expressway are proving to be...

  • SAO PAULO, July 16- The auction on Friday of a concession to build and operate an estimated 7 billion reais power transmission line in Brazil is not expected to attract many participants, due to limited financing for Brazilian companies, according to consultants and company officials. "It is a lot of money, and since financing in Brazil these days is really scarce,...

  • Brazil court approves DIP loan for engineering firm OAS Wednesday, 15 Jul 2015 | 8:35 AM ET

    SAO PAULO, July 15- A Brazilian court approved a debtor-in-possession loan to engineering firm OAS SA, the company said, after it earlier this year filed for bankruptcy protection in the wake of a corruption investigation that shut its access to refinancing. In a statement published late on Tuesday, OAS said judge Daniel Carnio Costa freed up the so-called DIP...

  • Asia Inc looks to post-sanctions Iran for demand spurt Wednesday, 15 Jul 2015 | 7:22 AM ET

    SEOUL/ NEW DELHI, July 15- From steelmakers to construction firms, industrial companies in Asia hope an end to sanctions in Iran can provide a new source of sorely-needed demand. Shares in GS E&C, which walked away from a $1.2 billion project in Iran five years ago as sanctions escalated, gained nearly 5 percent on Wednesday, and South Korea's construction index...

  • Singapore Q2 GDP misses expectations Monday, 13 Jul 2015 | 11:43 PM ET
    Singapore Q2 GDP misses expectations

    Jalil Rasheed, Investment Director, Head Of Singapore Office, Invesco, says he's not too concerned about the quarterly data prints given Singapore's transition to knowledge from manufacturing.

  • MEXICO CITY, July 10- Mexican construction firm ICA expects to sell assets next year for 5 billion pesos as part of an effort to reduce its heavy debt load, Chief Executive Officer Alonso Quintana said in an interview. The first part of the package involved an agreement by Canada's No. 2 pension fund, the Caisse de Dépot et Placement du Québec, to pay ICA over 3...