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  • *Housing starts increase 10.5 percent in November. WASHINGTON, Dec 16- U.S. housing starts in November rebounded from a seven-month low and permits surged to a five-month high, signs of strength in the housing market that could give the Federal Reserve more confidence to raise interest rates on Wednesday. Groundbreaking jumped 10.5 percent to a seasonally...

  • U.S. housing starts surge, permits hit 5-month high Wednesday, 16 Dec 2015 | 8:30 AM ET

    WASHINGTON, Dec 16- U.S. housing starts in November rebounded from a seven-month low and permits surged to a five-month high, signs of strength in the housing market that could give the Federal Reserve more confidence to raise interest rates on Wednesday. Groundbreaking jumped 10.5 percent to a seasonally adjusted annual pace of 1.17 million units, the...

  • BEIJING, Dec 16- China's cabinet approved major clean energy projects including hydropower and nuclear installations, according to a statement issued on Wednesday. The State Council, China's cabinet, gave approval to construction of a nuclear power plant in Fangchenggang in the southern province of Guangxi, and approved the expansion of a nculear power...

  • PALMDALE, Calif., Dec 15- Northrop Grumman Corp, riding high after its selection to build the next U.S. long-range bomber, says it is investing heavily and hiring workers as part of a focused plan to unveil at least one "big, bold and ingenious" new technology each year. Tom Vice, president of Northrop Aerospace Systems, told reporters that Northrop aims to drive...

  • SAO PAULO, Dec 14- Brazilian prosecutors on Monday charged Jose Carlos Bumlai, a friend of former President Luiz Inacio Lula da Silva, with taking out a fraudulent loan from Schahin bank that they allege benefited the ruling Workers' Party. "Jose Carlos Bumlai was an operator for a political party, an operator for the Workers' Party," lead prosecutor Deltan Dallagnol...

  • So you want to be an astronaut? Monday, 14 Dec 2015 | 12:29 PM ET

    NASA will begin accepting applications for the next class of astronaut candidates starting on Dec. 14.

  • Apollo has so far prevailed in an auction for PAE over private equity firms American Securities LLC and Platinum Equity LLC, the people said. Its clients include the U.S. Department of State mission in Iraq in its Baghdad Embassy Compound and the U.S. Consulate General in Basrah. Buyout firms, as well as defense contractors such as Lockheed Martin Corp, have been...

  • The plant is expected to create 4,500 jobs and is contingent on the approval of a $250 million incentive package by the Nevada state legislature, which would include tax abatements and tax credits. "This is a new era for the state of Nevada," Governor Brian Sandoval said at a press conference to announce the investment. These factories are key to efforts by Nevada,...

  • PARIS, Dec 9- Mini-versions of current-generation nuclear reactors could be the solution for the industry's problems in finding financing for new atomic power stations, U.S. China is building dozens of reactors at home, and Russia has won nuclear contracts in developing nations with offers of cheap export credits, but in the United States and Europe, nuclear...

  • *Abengoa halts construction of 6,300 km of new power lines. SAO PAULO, Dec 8- Spanish conglomerate Abengoa, teetering on the verge of bankruptcy, has halted construction of power transmission lines in Brazil, a potential setback for the South America nation's bid to emerge from its worst energy crisis in 14 years. Abengoa, which opened pre-insolvency proceedings...

  • TORONTO, Dec 8- Canadian housing starts rose unexpectedly in November and building permits surged in October, fueling Canada's prolonged housing boom even as the nation's weak economy contributed to underlying softness in some regions, reports showed on Tuesday. The Bank of Canada has cut rates twice this year to help bolster the economy against slumping oil...

  • *Fluor agrees to buy Stork from Arle Capital. AMSTERDAM, Dec 7- U.S. engineering and construction company Fluor Corporation agreed on Monday to buy Dutch rival Stork for $755 million to strengthen its European and maintenance businesses in the energy sector. Fluor said it expected the purchase from private equity firm Arle Capital to close in the first half of...

  • STOCKHOLM, Dec 7- Skanska, the Nordic region's biggest builder, set financial targets for 2016-20 on Monday and said it was aiming for the highest total return for shareholders in its sector. Skanska said the total return to shareholders- the increase in its share price plus dividends- should be the highest among its competitors in Europe and the United States.

  • Petroleum engineer degrees going from boom to bust Friday, 4 Dec 2015 | 11:04 AM ET
    Average annual salary: $138,980Current employment: 30,880The booming oil industry and specialized skills required for petroleum engineers creates one of the most highly compensated jobs in the country. Petroleum engineers develop plans for oil and gas extraction, production, and tool modification, overseeing drilling operations and providing technical advice.On average, petroleum engineers working for the oil and gas extraction industry made an annual salary of $150,890. The heavy reliance on na

    Enrollment in petroleum engineering degree programs appears set to fall, raising concerns about a talent drought in future oilfield crews.

  • MEXICO CITY, Dec 3- The Mexican government is working to speed up work-related payments to embattled construction firm ICA, whose shares have fallen sharply this week as it appears headed toward a default on some of its hefty debt load. Deputy Infrastructure Minister Raul Murrieta told Reuters on Thursday the government was processing settlement payments...

  • AMSTERDAM, Dec 3- A Dutch engineering company that is helping New York and New Orleans defend themselves against big storms and rising seas says climate change will be a source of business for decades regardless of the outcome of current climate talks in Paris. Arcadis, which doubled sales from 1 billion euros to 2 billion in 2007-2014 as it invested heavily in...

  • WASHINGTON, Dec 1- U.S. manufacturing contracted in November for the first time in 36 months as the sector buckled under the weight of a strong dollar and deep spending cuts in the energy sector. The Institute for Supply Management said its national factory index fell to 48.6 last month, the first contractionary reading since November 2012, from 50.1 in October.

  • WASHINGTON, Dec 1- U.S. construction spending rose more than expected in October as outlays rose across the board, suggesting the economy remains on firmer ground despite some slowing in consumer spending and persistent weakness in manufacturing. Construction spending increased 1.0 percent to a seasonally adjusted $1.11 trillion rate, the highest level...

  • Migrant labor shames FIFA ahead of Qatar 2022: Amnesty Tuesday, 1 Dec 2015 | 12:01 AM ET

    Labor exploitation remains rife in Qatar and authorities are not delivering enough reform, according to Amnesty International.

  • Nikkei rebounds, but iPhone LCD suppliers slump Wednesday, 25 Nov 2015 | 10:11 PM ET

    TOKYO, Nov 26- Japanese stocks rebounded on Thursday morning, but shares in suppliers of parts for the iPhone's LCD screens slumped after the Nikkei business daily reported on Apple's plans to introduce organic light-emitting diode displays for its iPhones in 2018.. Sharp Corp shares fell 4.7 percent and Japan Display Inc plunged 7.5 percent during the...