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Capital Goods Construction and Engineering

  • SINGAPORE, Jan 25- Australia's over $35 billion Ichthys liquefied natural gas export project has been dealt a blow as engineering firm CIMIC, involved in building the facility's power station, announced on Wednesday it was pulling the plug. "CIMIC Group advises that the... consortium... has terminated its contract with JKC Australia LNG Pty Ltd for the design,...

  • SINGAPORE, Jan 25- Australia's $34 billion Ichthys liquefied natural gas export project has been dealt a blow as engineering firm CIMIC involved in building the facility's power station announced on Thursday it was pulling the plug. "CIMIC Group advises that the... consortium... has terminated its contract with JKC Australia LNG Pty Ltd for the design,...

  • This VC is interested in 'construction tech'

    Kent Ho, co-founder of Spectrum 28, discusses how the VC firm is focused on startups in the fintech, construction tech and genomics spaces.

  • PANAMA CITY, Jan 24- Panama prosecutors said on Tuesday they had charged 17 people, including several businessmen and former government officials, with money laundering as part of the case of millions of dollars worth of bribes paid by Brazilian construction firm Odebrecht S.A.. Attorney General Kenia Porcell declined to name the accused, but local media...

  • WASHINGTON, Jan 24- U.S. home resales fell more than expected in December as the supply of houses on the market dropped to levels last seen in 1999, but the housing market recovery remained intact against the backdrop of a tightening labor market. The National Association of Realtors said on Tuesday existing home sales decreased 2.8 percent to a seasonally...

  • WASHINGTON, Jan 24- U.S. home resales fell more than expected in December as the supply of houses on the market dropped to levels last seen in 1999, but the housing market recovery remained intact against the backdrop of a tightening labor market. The National Association of Realtors said on Tuesday existing home sales decreased 2.8 percent to a seasonally...

  • The company's shares rose as much as 5.88 percent, their biggest intraday percentage jump since Nov. 10, 2015. Orders, an indicator of future revenue for homebuilders, rose 14.6 percent to 9,241 homes in the first quarter ended Dec. 31, D.R. The average selling price for the quarter was $297,000, up 2 percent from a year earlier, the company said.

  • The company's shares were up 5.15 percent at $30.22 in premarket trading on Tuesday. Orders, an indicator of future revenue for homebuilders, rose 14.6 percent to 9,241 homes in the three months ended Dec. 31. Permits for future construction of single-family homes rose 4.7 percent in December, according to latest data from the Commerce Department.

  • Permits for future construction of single-family homes rose 4.7 percent in December, according to latest data from the Commerce Department. Horton's net income jumped to $206.9 million, or 55 cents per share, in the first quarter, from $157.7 million, or 42 cents per share, a year earlier. Home sales revenue rose to $2.80 billion from $2.34 billion.

  • Horton Inc, the largest U.S. homebuilder, reported a 31.2 percent rise in quarterly profit as the company sold more homes. The company's net income rose to $206.9 million, or 55 cents per share, in the first quarter ended Dec. 31, from $157.7 million, or 42 cents per share, a year earlier. Home sales revenue rose to $2.80 billion from $2.34 billion.

  • LIMA, Jan 20- A consortium controlled by Brazilian builder Odebrecht S.A. will miss a financing deadline on Monday for a natural gas pipeline project in Peru and awaits government notification that it will lose the $5 billion contract, the company said on Friday. Odebrecht, a family-owned conglomerate at the center of a growing bribery scandal in Latin America,...

  • **Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier& Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday. **FirstEnergy Corp said on Thursday it would sell four gas-generating plants in Pennsylvania and portion of a Virginia hydroelectric power station to a...

  • **Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier& Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday. **FirstEnergy Corp said on Thursday it would sell four gas-generating plants in Pennsylvania and portion of a Virginia hydroelectric power station to a...

  • *In May 2016, South Korea's Daewoo Engineering and Construction Co. announced it and Hyundai Engineering and Construction had agreed to build a $10 billion oil refinery on Iran's southern coast. The company developing the refinery, Bahman Geno, is owned by a Setad unit, Tadbir Energy. A Bahman Geno official said the sides are still conducting negotiations.

  • *Housing starts increase 11.3 percent in December. WASHINGTON, Jan 19- U.S. homebuilding rebounded more than expected in December as a strengthening economy boosts demand for rental housing. Housing starts jumped 11.3 percent to a seasonally adjusted annual rate of 1.23 million units last month, the Commerce Department said.

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:. **U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:. **U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • WASHINGTON, Jan 19- U.S. homebuilding rebounded more than expected in December, suggesting that the housing market contributed to economic growth in the fourth quarter. Housing starts jumped 11.3 percent to a seasonally adjusted annual rate of 1.23 million units last month, the Commerce Department said on Thursday. November's starts were revised up to a 1.10...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday:. *U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday:. *U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...