GO
Loading...

Enter multiple symbols separated by commas

Capital Goods Construction and Engineering

More

  • DUBAI, July 8- Arabtec, the largest construction company in the United Arab Emirates, has accepted the resignation of three senior members of staff as part of a reorganisation, it said on Wednesday. The three were Iyad Abdalrahim, group chief financial officer; Yazan Hatamleh, group chief human resources and administration officer; and Wassel al-Fakhoury, group...

  • RIO DE JANEIRO, July 7- Two workers died at a construction project at a Brazilian oil terminal operated by state-run Petrobras on Tuesday, adding to a string of fatal and life-threatening accidents, a union representing oil workers said in a statement. The pier was at Transpetro's Barra do Riacho Terminal in Espirito Santo state. Transpetro said in a statement...

  • July 7- The Chinese construction company building the bankrupt $3.5 billion Baha Mar resort in the Bahamas on Tuesday broke its silence and accused the developer of mismanaging the project's design and not securing adequate financing. Construction delays, funding squabbles, lagging inspections and faulty work at the Nassau resort have led to finger...

  • July 7- The Chinese construction company building the bankrupt $3.5 billion Baha Mar resort in the Bahamas on Tuesday accused the project's developer of mismanaging its design. "Baha Mar Ltd's decision to file for bankruptcy protection is the direct result of its failure to secure adequate financing and its mismanagement of the design of Baha Mar resort...

  • WILMINGTON, Delaware, July 1- The bankrupt $3.5 billion Baha Mar mega resort in the Bahamas secured up to $30 billion in interim financing on Wednesday, but it was unclear when construction on the stalled project would resume. Baha Mar's developer, Sarkis Izmirlian, the son of Armenian billionaire Dikran Izmirlian, has agreed to arrange the funding.

  • DUBAI, June 30- Dubai said it would construct a small office building using a 3 D printer for the first time, in a drive to develop technology that would cut costs and save time as the city grows. Dubai's one-storey prototype building, with about 2,000 square feet of floor space, will be printed layer-by-layer using a 20- foot tall printer, Mohamed Al Gergawi, the...

  • LONDON, June 29- Britain and Canada signed a memorandum of understanding on Monday to strengthen ties between the two countries' nuclear energy industries. The MoU was signed in London by Canada's High Commissioner Gordon Campbell and Lee McDonough, director of the Office of Nuclear Development for the UK Department of Climate Change. Canadian reactor maker...

  • Sydney's crazy housing market no mere craze Saturday, 27 Jun 2015 | 9:00 PM ET

    *Home price growth in Sydney in double digit percentage. *Sydney property also luring Asian money. SYDNEY, June 28- Outlandish property prices make daily headlines in Sydney- a peeling 1900 s three-bed with no kitchen sink for A $2.6 million, a parking space in Kirribili for A $120,000- and first-time buyers have little prospect of relief.

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. Police also apprehended Otavio Marques Azevedo, CEO of Andrade Gutierrez,...

  • June 24- Lennar Corp, the second-largest U.S. homebuilder, reported a better-than-expected jump in quarterly profit as it sold more homes at higher prices across the United States, especially in the West and Southeast Florida markets. Homebuilders Meritage Homes Corp, KB Home, PulteGroup Inc, D.R. Horton Inc and many of the sector's other stocks were trading 1-3...

  • June 24- Lennar Corp, the second-largest U.S. homebuilder, reported a better-than-expected 33 percent jump in quarterly profit as it sold more homes at higher prices. New home orders climbed about 18 percent in the second quarter ended May 31, compared with a year earlier, Lennar said, and grew at about the same pace as in the first quarter. Net income attributable to...

  • Lennar's profit rises 33 pct on higher home sales Wednesday, 24 Jun 2015 | 6:11 AM ET

    June 24- Lennar Corp, the No.2 U.S. homebuilder by sales, reported a 33 percent rise in quarterly profit as it sold more homes at higher prices, and said orders rose 17.6 percent. Net income attributable to Lennar rose to $183 million, or 79 cents per share, for the second quarter ended May. 31, from $137.7 million, or 61 cents per share, a year earlier. Total revenue rose 31.5...

  • U.S. new home sales rise to seven-year high in May Tuesday, 23 Jun 2015 | 10:00 AM ET

    WASHINGTON, June 23- New U.S. single-family home sales increased in May to a more than seven-year high, further brightening the outlook for the housing market and the broader economy. The Commerce Department said on Tuesday sales rose 2.2 percent to a seasonally adjusted annual rate of 546,000 units, the highest level since February 2008. Housing is being buoyed...

  • *Qatar plans $200 billion in infrastructure spending. *Qatar has sidelined less essential projects. "Qatar has mothballed a lot of vanity projects," said a source at a construction company operating in Qatar who spoke on condition of anonymity.

  • *Q1 house prices climb 1.6 pct q/q, Sydney up over 3 pct. SYDNEY, June 23- Australian house prices have risen for the 10th straight quarter led by another outsized gain in Sydney, adding to concerns about an overheating market and diminishing affordability in the city. The heat was again very much concentrated in Sydney where prices were up over 13 percent on the year,...

  • On Monday, the National Association of Realtors is expected to report strong growth in existing home sales for May. On Wednesday, Lennar, the No. 2 U.S. homebuilder is expected to report that it had a strong second quarter. Construction materials supplier Vulcan Materials has risen 35.8 percent so far this year and home improvement and building products firm...

  • The Ryland Group Inc and Standard Pacific Corp merger announced earlier this week- the first big deal since PulteGroup Inc's buyout of Centex in 2009- is a sign of things to come. Mid-cap builders that went public recently such as Tri Pointe Homes Inc, Taylor Morrison Home Corp and William Lyon Homes are expected to be more active dealmakers than their larger...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, local media said, pulling the most high-profile executive into the corruption investigation at state-run oil firm Petrobras. Odebrecht, which has 200,000 workers and a presence in 21 countries,...