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Capital Goods Construction and Engineering

  • WASHINGTON— U.S. builders broke ground on new homes at a faster pace in February, a sign that developers expect solid sales growth this year despite higher mortgage rates. Housing starts rose 3 percent last month to a seasonally adjusted annual rate of 1.3 million, the Commerce Department said Thursday. Almost all of those gains came from construction of...

  • *Flight of some Russians from London exchange. LONDON, March 15- Russian gold and silver miner Polymetal plans to keep its London stock exchange listing and hopes to attract some of the U.S. shareholders lost at the height of tensions between Moscow and the West, a senior executive said on Wednesday. Fellow Russian miner Nordgold and Russian homebuilder PIK Group...

  • U.S. homebuilders are feeling more optimistic about their sales prospects than they have been since the high-flying days of the housing boom. The National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday jumped to 71 this month. That's up six points from 65 in February and the highest reading since June 2005.

  • SYDNEY/ TOKYO, March 15- Inpex's $37 billion Ichthys Australian liquefied natural gas project was hit by another subcontractor dispute, involving the termination of more than 600 workers, but the Japanese company said it was still on schedule for a July-September start. Still, the disagreement is the latest potential delay in Australia's $200 billion LNG...

  • CNBC Mad Money Lightning Round

    Jim Cramer gives his opinions on stock plays at lightning speed, including this group of struggling tech stocks.

  • SAO PAULO, March 14- Real estate activity in the greater São Paulo area, Brazil's largest market, should rebound this year as interest rates fall and the government pushes through key economic reforms, a construction industry group said on Tuesday. The improved outlook would be good news for Cyrela Brazil Realty SA, MRV Engenharia e Participações SA and Eztec...

  • WASHINGTON, March 14- U.S. producer prices increased more than expected in February as the cost of services such as hotel accommodation pushed higher and the year-on-year gain was the largest in nearly five years, pointing to steadily rising inflation pressures. "Steadily rising inflation gives the Fed more reason to lift rates tomorrow," said Jennifer Lee, a...

  • DUBLIN— Britain's plans to leave the European Union threaten to cause Ireland all kinds of economic and security headaches. Britain's definitive exit from the EU may be at least two years away, but Dublin is doubling down on its commercial building revival, confident that thousands of financial services jobs are poised to migrate 290 miles northwest in search...

  • Construction workers pour concrete as part of a bridge expansion project in California.

    It's the key to increasing economic growth by giving Americans better-paying jobs, a prominent investment banker and economist said.

  • WASHINGTON, March 10- U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth. Nonfarm payrolls increased by 235,000 jobs last month as the construction sector recorded its largest gain in...

  • Traders are betting overwhelmingly on a rate hike next week and see better-than-even odds of two more over this year and a small chance of a fourth, based on the price of fed funds futures contracts traded at CME Group Inc's Chicago Board of Trade. Non-farm payrolls increased by 235,000 jobs in February as unusually mild weather helped the construction sector...

  • WASHINGTON, March 10- U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth. Nonfarm payrolls increased by 235,000 jobs last month as the construction sector recorded its largest gain in...

  • WASHINGTON, March 10- U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth. Nonfarm payrolls increased by 235,000 jobs last month as the construction sector recorded its largest gain in...

  • BEIJING, March 10- Zhongnan Group, one of China's largest builders, targets a 30 percent jump in revenue this year, topping 100 billion yuan, as it benefits from fresh spending on roads and hospitals, a senior executive said. "I think we will be able to see 10-20 percent growth in housing, and with so much construction, infrastructure work going on in China I think we will...

  • LIMA, March 9- Construction companies from around the world have expressed interest in operating in Peru after a vast graft scandal ensnared some of the country's biggest builders, the finance minister said on Thursday. Thorne declined to name any of the companies interested in bidding on projects in Peru. Peru is one of Latin America's fastest-growing...

  • NEW YORK/ TOKYO, March 9- U.S. nuclear firm Westinghouse Electric Co LLC has hired bankruptcy attorneys, in a sign that owner Toshiba Corp is more seriously weighing a Chapter 11 filing as an option to help it rein in a multibillion dollar financial maelstrom. People familiar with the matter said the nuclear engineering company had brought in law firm Weil Gotshal&...

  • *Brexit reshaping Britain's housebuilding industry. March 9- The prospect of Brexit choking off the supply of EU workers is reshaping Britain's homebuilding industry, with big companies increasingly looking to factory-manufacture houses in sections that can be slotted together on-site with minimal labor. Many of Britain's leading housebuilders,...

  • March 8- Westinghouse Electric Co LLC, the U.S. nuclear power plant developer owned by troubled Japanese electronics giant Toshiba Corp, has brought in bankruptcy attorneys from law firm Weil Gotshal& Manges LLP, people familiar with the matter said on Wednesday. A Westinghouse spokeswoman declined to comment on Weil's role, but said that Westinghouse has...

  • Saudi officials have said the complex at Ras Al Khair will cost more than $5 billion to build. The development of Ras Al Khair could eventually take business away from other maritime yards in the region, such as Dubai's Jebel Ali. Last year, Saudi Aramco signed a memorandum of understanding for construction of the complex with National Shipping Co of Saudi Arabia,...

  • Groundbreaking on new homes climbed to seasonally adjusted annual pace of 210,207 units from an upwardly revised 208,934 in January as robust activity in Ontario offset cooling in British Columbia, data from the Canada Mortgage and Housing Corp showed. "Prices are telling builders to build, and that's exactly what they're doing," CIBC Capital Markets...