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  • June 21- Lennar Corp, the second biggest U.S. homebuilder, reported a 19.4 percent rise in quarterly profit as it sold more homes at higher prices. The net income attributable to Lennar shareholders rose to $218.5 million, or 95 cents per share, in the second quarter ended May 31 from $183 million, or 79 cents per share, a year earlier. Revenue rose 14.8 percent to $2.75...

  • DUBAI, June 20- An effort to restructure indebted Saudi Arabian builder Mohammad Al Mojil Group was thrown into doubt on Monday when the firm said its board had resigned after three people involved with the company were sentenced to jail. Last week, the stock market regulator ordered MMG to pay it damages of 1.6 billion riyals and sentenced three people,...

  • MADRID/ FRANKFURT, June 17- Siemens and Spain's Gamesa agreed on Friday to combine assets to create the world's biggest builder of windfarms, with the German company paying 1 billion euros cash to Gamesa's shareholders to take a majority stake. Months in the making, the joint venture will overtake Denmark's Vestas to become the world's largest wind farm...

  • WASHINGTON, June 17- U.S. housing starts slipped in May as the construction of multi-family housing units dropped, but further gains in building permits signaled a rebound that would support economic growth in the second quarter. Groundbreaking fell 0.3 percent to a seasonally adjusted annual pace of 1.16 million units, the Commerce Department said on Friday.

  • MADRID/ FRANKFURT, June 17- Siemens and Spain's Gamesa agreed on Friday to create the world's biggest builder of windfarms, with the German company paying 1 billion euros for a majority stake in the combined business. Months in the making, the venture would overtake Denmark's Vestas to become the world's largest wind farm manufacturer by market share, operating...

  • *Housing starts fall 0.3 percent in May. WASHINGTON, June 17- U.S. housing starts slipped in May as the construction of multi-family housing units dropped, but further gains in building permits suggested a rebound that would continue to support economic growth in the second quarter. Groundbreaking fell 0.3 percent to a seasonally adjusted annual pace of 1.16...

  • When will hyperloop come to market?

    Dirk Ahlborn, CEO of Hyperloop Transportation Technologies, says they are putting together a system to move people using the new transport technology.

  • WASHINGTON, June 17- U.S. housing starts slipped in May as the construction of multi-family housing units dropped, but further gains in building permits suggested a rebound that would continue to support economic growth in the second quarter. Groundbreaking fell 0.3 percent to a seasonally adjusted annual pace of 1.16 million units, the Commerce Department...

  • We are way ahead of what they're doing: HTT CEO

    Dirk Ahlborn, CEO of Hyperloop Transportation Technologies, responds to comments made by the chairman of rival company Hyperloop One.

  • If we lower construction costs, we deliver more homes: CEO

    Northacre CEO, Niccolo Barattieri di San Pietro, says the U.K. government needs to work with developers to deliver more housing supply.

  • *Bulgaria would have to pay for one nuclear reactor: PM. SOFIA, June 16- An international court has ruled that Bulgarian state energy firm NEK should pay nearly 550 million euros in compensation to Russia's Atomstroyexport for a cancelled nuclear power project, Bulgarian officials said on Thursday. Bulgaria, a European Union country, had been under pressure from...

  • *Bulgaria would have to pay for one nuclear reactor: PM. SOFIA, June 16- An international court has ruled that Bulgarian state energy firm NEK should pay nearly 550 million euros in compensation to Russia's Atomstroyexport for a canceled nuclear power project, Bulgarian officials said on Thursday. Bulgaria, a European Union country, had been under pressure from...

  • MADRID/ SAO PAULO, June 14- Odebrecht SA, Latin America's largest engineering company, is in advanced talks to sell a 55 percent stake in a Peruvian gas pipeline project, and Ferrovial SA and another three companies have emerged as potential bidders, two sources familiar with the transaction said on Tuesday. Gasoducto Sur Peruano, a 30- year concession to build and...

  • MADRID/ SAO PAULO, June 14- Odebrecht SA, Latin America's largest engineering company, is in advanced talks to sell a 55 percent stake in a Peruvian gas pipeline project, with Ferrovial SA and another three companies emerging as potential bidders, two sources familiar with the transaction said on Tuesday. Gasoducto Sur Peruano, a 30- year concession to build and...

  • BOGOTA, June 10- Construction firm Odebrecht has not yet found a company to take over a large portion of its $849.7 million majority stake in a project to make Colombia's Magdalena River more navigable and will now begin paying fines for failing to start construction, the government said on Friday. Odebrecht, Latin America's largest engineering conglomerate,...

  • The Texas- based 5th U.S. Circuit Court of Appeals rejected claims by Associated Builders and Contractors Inc and a Texas chapter that the so-called "quickie" election rules violated employers' free speech rights and would lead to union harassment of workers. The state's chapter of the National Federation of Independent Business was also a plaintiff but was...

  • STOCKHOLM, June 10- Sweden said on Friday it would phase out some taxes on nuclear power and build new reactors to replace aging plants and secure energy supplies for decades to come. Nuclear power providers in Sweden have said they would be forced to shut the country's loss-making nuclear reactors unless a tax on nuclear capacity is abolished, risking a spike in...

  • NEW DELHI/ MUMBAI, June 10- For Rohan Sharma, business has never been better. His Bhagirath Coach& Metal Fabricators has just invested nearly $120,000 in new machinery and plans to spend up to $1.2 million this year to expand capacity. That's an encouraging sign for Asia's third-largest economy, where stressed balance sheets at big firms and heavy reliance on bank...

  • NEW DELHI/ MUMBAI, June 10- For Rohan Sharma, business has never been better. His Bhagirath Coach& Metal Fabricators has just invested nearly $120,000 in new machinery and plans to spend up to $1.2 million this year to expand capacity. That's an encouraging sign for Asia's third-largest economy, where stressed balance sheets at big firms and heavy reliance on bank...

  • NEW DELHI/ MUMBAI, June 10- For Rohan Sharma, business has never been better. His Bhagirath Coach& Metal Fabricators has just invested nearly $120,000 in new machinery and plans to spend up to $1.2 million this year to expand capacity. That's an encouraging sign for Asia's third-largest economy, where stressed balance sheets at big firms and heavy reliance on bank...