Capital Goods Construction and Engineering

More

  • 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...

  • 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...

  • OTTAWA, March 8- Canadian housing starts jumped in February from January as hot Ontario and British Columbia markets outpaced the energy-producing West, where a crude slump has hit confidence, the national housing agency said on Tuesday. Demand for condominiums is soaring in big cities like Toronto and Vancouver, prompting some analysts to worry about a...

  • DUBAI, March 8- Dubai developers are pressing ahead with their construction plans despite expectations that property prices will fall yet further this year, undaunted by memories of a 2008 crash. But others worry about ripple effects from the dive in oil prices, even though Dubai is a small crude producer compared with fellow emirate Abu Dhabi, and wonder how all...

  • PARIS, March 7- French utility EDF said it would push ahead with a plan to build nuclear reactors in Britain, despite its finance director quitting over the risk he sees it poses to the company's future. France and Britain also pledged their support for EDF's 18 billion Hinkley Point project in southwest England, which their leaders last week called a pillar of the...

  • *Philippines sending fact-finding mission to Saudi. RIYADH/ MANILA, March 7- Foreign governments are pressing authorities and executives in Saudi Arabia to ensure that local construction firms make delayed salary payments to thousands of workers, a sign of pressure on the kingdom's economy due to low oil prices. About 10 million people, largely from south Asia,...

  • MILAN, March 2- Italian oil contractor Saipem faces new challenges after raising 3.5 billion euro to stay afloat, as rising competition in its lucrative pipe-laying business threatens margins and orders. Oil services firms have been among the hardest hit by a two-thirds drop in oil prices since July 2014 as oil producers slashed spending by more than $100...

  • *Manufacturing contracts in February, but stabilizing. WASHINGTON, March 1- U.S. manufacturing activity contracted for a fifth straight month in February, but there were signs the embattled sector was stabilizing, with new orders growth steady and inventories improving. The Institute for Supply Management said its index of national factory activity...

  • WASHINGTON, March 1- U.S. construction spending surged in January to the highest level since 2007, in the latest indication that the economy was regaining momentum after slowing in the fourth quarter. Construction spending increased 1.5 percent to $1.14 trillion, the highest level since October 2007, as both private and public outlays rose, the Commerce...

  • ISM, construction spending beat

    CNBC's Rick Santelli reports the latest data for the ISM manufacturing index in February and construction spending for January.

  • Feb 27- Warren Buffett on Saturday launched vigorous defenses of a private equity firm and a mobile home unit that critics say employ controversial business practices antithetical to Buffett's own at Berkshire Hathaway Inc. Buffett also devoted more than 1,200 words in his roughly 18,000- word letter to defending Berkshire's Clayton Homes unit, after...

  • Deere shares were up about 0.06 percent at $79.66 and Caterpillar shares were 0.74 percent higher at $66.93 in late afternoon trading. Deere, a leading maker of farm and construction equipment, said 100 employees represented by the United Auto Workers will be laid off indefinitely starting April 1 at two factories in Iowa that make construction and forestry...

  • WASHINGTON, Feb 24- New U.S. single-family home sales tumbled in January from a 10- month high as sales in the West region plunged, but the overall housing market recovery remains intact. Other data on Wednesday showed the services sector contracted in early February for the first time since October 2013 amid concerns about the economic outlook.

  • WASHINGTON, Feb 24- New U.S. single-family home sales tumbled in January from a 10- month high as sales in the West region plunged, but the overall housing market recovery remains intact. The Commerce Department said on Wednesday sales dropped 9.2 percent to a seasonally adjusted annual rate of 494,000 units, almost unwinding December's sharp increase.

  • Brazilian prosecutors said the Swiss had arrested Fernando Migliaccio da Silva, an executive with engineering group Odebrecht SA, one of the largest companies at the center of a price fixing and political kickback scandal. The arrest could provide more evidence against Latin America's largest engineering firm and its former chief executive Marcelo...

  • The shale market will come back: CEO

    Keith Cochrane, CEO of Weir Group, talks about the prospects for oil and gas and says shale has become more competitive.

  • WASHINGTON, Feb 23- U.S. home resales unexpectedly rose in January, reaching a six-month high, in the latest sign that the economy remains on firmer ground despite slowing global growth and tightening financial market conditions. "The housing recovery continues, but the sharp drop in consumer confidence could be a sign that consumers are becoming anxious about...

  • A construction worker climbs on the roof of a home in Boca Raton, Florida.

    Toll Brothers, the largest U.S. luxury homebuilder, reported an 8.8 percent rise in quarterly revenue as it sold homes at higher prices.

  • Revenue rose to $928.6 million in the first quarter ended Jan. 31, from $853.5 million, a year earlier. The company's net income fell to $73.2 million, or 40 cents per share, from $81.3 million, or 44 cents per share, a year earlier. Toll Brothers, whose homes can cost more than $2 million, said orders rose 17.6 percent to 1,250 homes.