GO
Loading...

Enter multiple symbols separated by commas

Capital Goods Construction and Engineering

More

  • Why drought-struck California is demolishing a dam Thursday, 20 Aug 2015 | 11:45 AM ET
    Workmen stand at the base of the largest dam removal in California history: workers tearing down the San Clemente Dam in Monterey County.

    With California mired in drought, it might seem odd there's a dam demolition underway.

  • SAO PAULO, Aug 19- Brazilian engineering company Camargo Correa has agreed to pay fines of more than 104 million reais and admit to participating in a cartel that fixed prices on contracts with state-run oil producer Petrobras, antitrust regulator Cade said on Wednesday. Camargo Correa was the first of Brazil's construction companies whose top executives...

  • Net sales $24.83 bln vs est. By Nandita Bose and Sruthi Ramakrishnan. Aug 18- An improving U.S. housing market helped Home Depot Inc beat quarterly sales forecasts on Tuesday, and the world's No. 1 home-improvement retailer lifted its full-year earnings and revenue forecasts.

  • *Wal-Mart falls after weaker-than-expected results. Aug 18- U.S. stocks erased most of their losses in late morning trading on Tuesday, as strong results from Home Depot and strong housing data helped offset a slump in Chinese shares and Wal-Mart's weaker-than-expected results. Home Depot rose as much as 3.4 percent to a record high of $123.80 after the home...

  • But bond investors were relieved that consumer prices in Britain ticked up 0.1 percent in July year-on-year after slipping back to zero in June. The concerns over the weakening inflation outlook have ratcheted up expectations of further central bank stimulus in the euro zone, while they could also scupper plans for Britain and the United States to raise...

  • TREASURIES-Yields rise as housing starts improve Tuesday, 18 Aug 2015 | 9:29 AM ET

    NEW YORK, Aug 18- U.S. "It's a solid number, its consistent with the tone of underlying improvement in the housing market," said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York. Fed Chair Janet Yellen said in July that the economy faces constraints from an underperforming housing market.

  • WASHINGTON, Aug 18- U.S. housing starts rose to a near eight-year high in July as builders ramped up construction of single-family homes, suggesting that the economy was firing on almost all cylinders. The Commerce Department report on Tuesday added to solid payrolls, retail sales and industrial output data in suggesting the economy got off to a strong start in...

  • WASHINGTON— U.S. builders started work on single-family houses last month at the fastest pace since the Great Recession began in late 2007.. Housing starts in July rose 0.2 percent to a seasonally adjusted annual rate of 1.21 million homes, the Commerce Department said Tuesday. "More housing starts means more construction jobs as well as confidence from real...

  • U.S. housing starts approach eight-year high in July Tuesday, 18 Aug 2015 | 8:31 AM ET

    WASHINGTON, Aug 18- U.S. housing starts rose to a near eight-year high in July as builders ramped up construction of single-family homes, the latest indication that the economy was firing on almost all cylinders. Groundbreaking increased 0.2 percent to a seasonally adjusted annual pace of 1.21 million units, the highest level since October 2007, the Commerce...

  • Aug 18- Home Depot Inc, the world's No. 1 home improvement retailer, reported a better-than-expected rise in quarterly same-store sales, helped by a recovery in the U.S. housing market. Demand for home improvement products was strong in the quarter due to growth in existing home sales, Wedbush Securities analyst Seth Basham wrote in a note ahead of the results.

  • WASHINGTON— The Commerce Department reports on July U.S. home construction Tuesday at 8:30 a.m. Eastern. SLIGHT GAINS: Economists expect that housing starts last month rose 1.3 percent to a seasonally adjusted annual rate of 1.19 million, according to a survey by data firm FactSet. Aided by steady job gains and low mortgage rates, sales of new and existing homes...

  • Aug 17- The opening of the $3.5 billion Baha Mar mega-resort in the Bahamas is expected to be delayed beyond the start of the Christmas season, with the developer deep in an escalating legal battle with the Chinese companies that are providing most of the finance and construction work. Even if construction on the unfinished resort resumed this month, there is...

  • *Disney shines as Star Wars will make its way to theme parks. *Zulily soars on Liberty Interactive's buyout offer. "The housing data was pretty good," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.

  • NEW YORK, Aug 17- World equity indexes advanced modestly on Monday as upbeat U.S. housing data helped Wall Street shrug off a weak manufacturing report, while the prospect of higher U.S. interest rates lifted the dollar for a third day. Earlier in the session, stocks had dropped as Empire State data showed August manufacturing activity in New York was at its weakest...

  • *Empire State manufacturing way below expectations. NEW YORK, Aug 17- World equity indexes gained modestly on Monday as upbeat U.S. housing data helped Wall Street shrug off a weak manufacturing report, while the prospect of higher U.S. interest rates lifted the dollar for a third day. Earlier, stocks had dropped as Empire State data showed August manufacturing...

  • NEW YORK— U.S. stocks are rising in late afternoon trading Monday as China's currency steadied and Greece's bailout cleared another big hurdle. A measure of manufacturing activity in New York state fell, while an index of homebuilder sentiment showed optimism at its highest level since the housing boom a decade ago. THE QUOTE: "This continues to be a resilient...

  • *Zulily soars on Liberty Interactive's $2.4 bln buyout offer. *Tesla jumps after Morgan Stanley upgrade. Aug 17- Wall Street erased earlier losses to notch modest gains in late morning trading on Monday after data showed that U.S. homebuilder sentiment rose in August to its highest level in nearly a decade.

  • US homebuilder sentiment improves in August Monday, 17 Aug 2015 | 10:00 AM ET

    The National Association of Home Builders/Wells Fargo builder sentiment index released Monday rose this month to 61, the highest level since November 2005. "The fact the builder confidence has been in the low 60 s for three straight months shows that single-family housing is making slow but steady progress," said Tom Woods, a Missouri- based builder and...

  • U.S. home builder sentiment rises in August -NAHB Monday, 17 Aug 2015 | 10:00 AM ET

    NEW YORK, Aug 17- U.S. homebuilder sentiment rose in August to its highest level since a matching reading almost a decade ago, the National Association of Home Builders said on Monday. The latest level was the highest since a matching reading in November 2005. The single-family home sales component rose to 66 from 65 to mark its highest level since November 2005.

  • *Iran seeks to upgrade derelict refining, petchem sector. *Oil services executives visit Iran on tour of sites. Officials from Iran's oil refining company NIORDC, its National Petrochemical Company and the privately owned Persian Oil and Gas are holding talks with services firms to clinch projects to repair Iran's derelict refining and petrochemical sector.