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Capital Goods Construction and Engineering

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  • 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...

  • The Commerce Department said Friday that housing starts in June climbed 9.8 percent to a seasonally adjusted annual rate of 1.17 million homes. All of that growth came from a 28.6 percent surge in multi-family housing that put apartment construction at its highest rate since November 1987. "The residential market recovery is here, and it is strong and...

  • 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...

  • WASHINGTON— US homebuilding jumps 9.8 percent in June; all of the gains come from apartment construction.

  • WASHINGTON— The Commerce Department reports on June U.S. home construction Friday at 8:30 a.m. Eastern. HOUSING STARTS RISE: Economists believe housing starts last month rose 7 percent to a seasonally adjusted annual rate of 1.1 million, according to a survey by data firm FactSet. That increase would reverse much of the drop in May that had followed a surge of...

  • 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...

  • BAHAMAS DEVELOPER OF $3.5 B MEGA RESORT BAHA MAR ACCUSES CHINESE CONSTRUCTION FIRM OF CUTTING POWER TO UNFINISHED PROJECT- COURT FILINGS.

  • DEVELOPER OF BANKRUPT PROJECT SAYS IT SUSPECTS CONSTRUCTION FIRM OF REMOVING ESSENTIAL DOCUMENTS FROM WORK SITE-FILINGS.