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  • Delegates at the annual Cesco/CRU gathering of the copper industry in Chile this week concluded that miners will focus on cutting costs to survive low prices, rather than significant output cuts to offset slow demand growth from top consumer China. "All engineering companies have needed to adjust themselves in order to get through this rough time... we're...

  • *Richard Dugas to retire effective May 2017. April 4- U.S. homebuilder PulteGroup Inc said Chief Executive Richard Dugas would retire effective May 2017, bowing to a demand from founder and Chairman Emeritus Bill Pulte. Pulte had recently demanded an immediate change of leadership at the Atlanta- based company, the company said on Monday.

  • April 4- U.S. homebuilder PulteGroup Inc said on Monday that Chief Executive Richard Dugas would retire effective May 2017, bowing to a demand from founder and Chairman Emeritus Bill Pulte. Dugas's decision to retire is due in part to the actions of Pulte, who has demanded an immediate CEO change and is seeking a "different direction" for the company, PulteGroup...

  • DZ Bank economist Michael Holstein said Germany could no longer expect routine falls in unemployment. A mild winter had supported employment in the construction sector, while many of the migrants flooding into Germany would struggle to find work. The prospect of a less rosy labour market is a risk to the outlook for Germany's domestic growth, which has been...

  • TORONTO, March 29- Canadian engineering firm Stantec Inc said on Tuesday it had agreed to purchase MWH, a water resources infrastructure company based in Colorado, for $793 million in cash. Stantec said the acquisition of MWH, which has 6,800 employees worldwide, would make it a global leader in water resources infrastructure, increasing its presence in the...

  • TORONTO, March 29- Canada's main stock index rose on Tuesday, reversing earlier losses as dovish comments from Federal Reserve Chair Janet Yellen helped support gold mining stocks. The Fed's cautious stance is "great for asset prices for now and as an asset manager we are going make sure we take advantage," said Diana Avigdor, head of trading at Barometer Capital...

  • NAIROBI, March 29- Kenyan engineering company TransCentury Ltd said on Tuesday it has six months to repay the outstanding half of its $80 million convertible debt under an agreement with bondholders. The company, which focuses mainly on electrical equipment and engineering work, said last week it had reached an agreement with the majority of its bondholders...

  • WASHINGTON, March 28- General Dynamics Corp will be the prime contractor for development of 12 new submarines to carry nuclear ballistic missiles and Huntington Ingalls Industries Inc will be the major supplier under a plan released by the U.S. Navy on Monday. The Navy said its new "Submarine Unified Build Strategy" is aimed at ensuring that concurrent work...

  • SEOUL, March 25- South Korea's economy grew a seasonally adjusted 0.7 percent during the final three months of last year over the previous quarter, revised central bank data showed on Friday, slightly faster than an earlier estimate. It was better than a 0.6 percent rise estimated by the Bank of Korea in late January, although still slower than a revised 1.2...

  • GoldieBlox founder Debbie Sterling.

    The toy industry told Debbie Sterling that GoldieBlox would never fly. Then, she raised $1 million on Kickstarter in just a few months.

  • *New single-family home sales rise 2 percent in February. WASHINGTON, March 23- New U.S. single-family home sales rebounded in February, but the increase was concentrated in one region, which could suggest a loss of momentum in the housing market as the busy spring selling season kicks off. The Commerce Department said on Wednesday home sales rose 2.0 percent to a...

  • WASHINGTON, March 23- U.S. single-family home sales rebounded in February, but the gain was concentrated in one region, which could suggest a loss of momentum in the housing market. The Commerce Department said on Wednesday home sales rose 2.0 percent to a seasonally adjusted annual rate of 512,000 units. In February, the inventory of new homes on the market rose...

  • Tuesday's operation, code-named "Xepa", uncovered a parallel bribe-payment scheme to siphon money from state-run oil company Petrobras led by Odebrecht SA, Latin America's largest engineering firm, police said in a statement without divulging names. It is the 26th raid in a two-year corruption probe that has put a number of Brazil's top executives and...

  • That, coupled with market speculators buying homes and demand far outstripping supply, sent London prices skyrocketing. However, shares in some housebuilders could be impacted as growth in the construction industry slows, while Britain's referendum on its European Union membership on June 23- with rejection dubbed as "Brexit"- could also affect demand, said...

  • BEIJING, March 18- China aims to build a nuclear reactor in the heavily polluted province of Hebei, which surrounds the capital Beijing, in a bid to cut smog and promote cleaner energy, the head of the country's nuclear agency said on Friday. "For the integrated development of the Beijing- Tianjin- Hebei region, we are currently planning to build a nuclear plant on the...

  • SYDNEY, March 17- Australia's jobless rate took a surprising drop in February even as employment all but stalled, a mixed bag that left the outlook clouded but did seem to lessen the chance of a cut in interest rates in the near term. Thursday's report from the Australian Bureau of Statistics showed unemployment fell to 5.8 percent in February, when analysts had...

  • WASHINGTON, March 16- U.S. housing starts rebounded more than expected in February, hitting their highest level in five months, as builders ramped up the construction of single-family homes in a sign of confidence in the economy. Groundbreaking increased 5.2 percent to a seasonally adjusted annual pace of 1.18 million units, the highest level since September,...

  • The Argentine probe stems from Brazil's "Operation Car Wash" graft case, which has resulted in the jailing of some company executives, criminal charges against former President Luiz Inacio Lula da Silva and which threatens to topple his successor, Dilma Rousseff. An Argentine prosecutor said last week that the local unit of Brazilian construction giant...

  • BUENOS AIRES, March 9- Argentina is investigating whether the local unit of Odebrecht paid bribes to government officials, an Argentine prosecutor said on Wednesday, deepening the regional fallout from the biggest corruption scandal in Brazil's history. The probe laid out by Sergio Rodriguez, the lead prosecutor on public administration investigations, is...

  • BEIJING, March 9- The world's first Westinghouse AP1000 nuclear reactor will go into operation in June next year, more than three years behind the original schedule, the head of China's leading state nuclear project developer said. "We are forecasting that if everything goes smoothly, the first unit will go into operation in June 2017, and the second unit at the end...