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Capital Goods Construction and Engineering

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  • *Brazil consumer confidence at all-time low. SAO PAULO, Aug 10- Brazil's once red-hot housing market has turned cold quickly, forcing many developers to slam the brakes on new construction, though one corner of the industry is so far riding out the nation's worsening economic slump. At the time, developers like Cyrela Brazil Realty SA and Rossi Residencial SA,...

  • SAO PAULO, Aug 5- Federal Judge Sergio Moro handed out more prison sentences on Wednesday, this time to executives in Brazilian construction firm OAS, which was ensnared in the country's biggest corruption scandal in history centered around state-run oil company Petrobras. Executives almost never serve their full sentences in prison in Brazil.

  • SAO PAULO, Aug 5- Federal Judge Sergio Moro handed out more prison sentences on Wednesday, this time to executives in Brazilian construction firm OAS, which was ensnared in the country's biggest corruption scandal in history centered around state-run oil company Petrobras. Pinheiro Filho was the latest of a series of high-level executives in the country to be...

  • WASHINGTON, Aug 3- U.S. construction spending barely rose in June as private outlays posted their biggest drop in a year, but the underlying trend suggested the economy remained on solid ground. Construction spending increased 0.1 percent, the smallest rise since January, the Commerce Department said on Monday. In June, construction spending was restrained by a...

  • HANOI, Aug 3- Brought to its knees when its property market bubble burst four years ago, Vietnam is riding into another boom, with construction starting in Ho Chi Minh City on two of the world's tallest skyscrapers and buyers snapping up new projects fast. "I can sell about three to five units per month now, much better than before, when I could only sell the same in the...

  • BRASILIA, July 31- Brazil's antitrust regulator CADE and federal prosecutors signed a leniency deal on Friday with engineering company Camargo Correa aimed at obtaining evidence of alleged price-fixing of contracts to build a nuclear power plant. Camargo Correa was the first of Brazil's construction firms to have its top executives convicted of...

  • SAO PAULO, July 29- Brazilian federal police are investigating potential irregularities in a military program that aims to build a nuclear-powered submarine in partnership with France by 2023, newspaper Folha de S. Paulo reported on Wednesday. Former President Luiz Inacio da Silva's government agreed in 2008 to purchase five submarines, including a...

  • SAO PAULO, July 29- Brazilian federal police are investigating potential irregularities in a military program that aims to build a nuclear-powered submarine in partnership with France by 2023, newspaper Folha de S. Paulo reported on Wednesday. Former President Luiz Inacio da Silva's government agreed in 2008 to purchase five submarines, including a...

  • *U.S. consumer confidence falls to lowest since September. NEW YORK, July 28- U.S. consumer confidence suffered its biggest blow in four years in July on a less upbeat jobs outlook, while home appreciation in major cities stalled in May, suggesting a spring pause in housing demand. The latest figure was the lowest since September 2014, while the decline was the...

  • The arrests come as federal police follow allegations that a price-fixing, bribery and political kickback scheme they discovered at Petrobras extends to other state-led firms, including Eletrobras, Brazil's largest utility. Federal prosecutor Athayde Ribeiro Costa told journalists that police also had arrested Andrade Gutierrez executive Flavio...

  • July 28- D.R. Horton Inc's quarterly profit handily beat estimates and the No.1 U.S. homebuilder said orders rose 22 percent, indicating that a recovery in the housing market was gaining steam. Shares of D.R. Horton rose as much as 4.3 percent to $27.89 in early trading on the New York Stock Exchange. D.R. Horton, which mainly caters to first-time buyers, launched its...

  • CURITIBA, Brazil, July 28- Brazilian police on Tuesday arrested two people involved in building a nuclear power plant for Brazil's Eletrobras, pulling the state-led utility holding company into a giant corruption scandal surrounding state-run oil company Petrobras. The arrests come as Brazil's Federal Police and federal prosecutors follow allegations...

  • July 28- D.R. Horton Inc, the No.1 U.S. homebuilder, reported a higher-than-expected quarterly profit as it sold more homes at higher prices, and it reported a 22 percent rise in orders. Shares of D.R. Horton, which caters to people buying their first or second homes, rose 1.3 percent to $27.1 in premarket trading on Tuesday. D.R. Horton's orders rose to 10,398 homes in...

  • D.R. Horton's profit boosted by higher home sales Tuesday, 28 Jul 2015 | 7:19 AM ET

    July 28- D.R. Horton Inc, the No.1 U.S. homebuilder, said quarterly profit nearly doubled as it sold more homes, and it reported a 22 percent rise in orders. The company's net income rose to $221.4 million, or 60 cents per share in the third quarter ended June 30, from $113.1 million, or 32 cents per share, a year earlier. The company's home sales revenue rose about 37 percent...

  • July 24- Prosecutors and federal police in Brazil unearthed the country's largest-ever corruption scandal by tying a ring of black-market money changers to a price-fixing and political kickback scheme at state-run oil firm Petrobras. Executives from two dozen engineering firms are accused of inflating the value of service contracts and funneling the...

  • NEW YORK, July 24- U.S. Treasury debt prices drifted higher on Friday, as investors sought safety in government bonds after a softer-than-expected U.S. housing report and amid a persistent downtrend in commodities and weakness on Wall Street. "Overall, a weaker-than-expected release that has marginally supported the Treasury market, although we'll concede...

  • WASHINGTON, July 24- New U.S. single-family home sales fell in June to their lowest level in seven months and May's sales were revised sharply lower, in what appeared to be a minor setback for the housing market recovery. New home sales dropped 6.8 percent to a seasonally adjusted annual rate of 482,000 units, the lowest level since last November, the Commerce...

  • TREASURIES-Prices edge up as U.S. new-home sales fall Friday, 24 Jul 2015 | 10:35 AM ET

    NEW YORK, July 24- U.S. Treasury debt prices drifted higher on Friday in choppy trading, as investors sought safety in government bonds after a softer-than-expected U.S. housing report and amid a persistent downtrend in commodities and weakness on Wall Street. "Overall, a weaker-than-expected release that has marginally supported the Treasury market,...

  • U.S. new home sales fall to seven-month low Friday, 24 Jul 2015 | 10:01 AM ET

    WASHINGTON, July 24- New U.S. single-family home sales fell in June to their lowest level in seven months and May's sales were revised sharply lower, in what appeared to be a minor setback for the housing market recovery. The Commerce Department said on Friday sales declined 6.8 percent to a seasonally adjusted annual rate of 482,000 units, the lowest level since...

  • 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,...