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Construction and Engineering

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  • Sept 3- Toll Brothers Inc is finally feeling the pinch as a steep rise in home prices discourages even the most affluent Americans from buying its luxury homes. "Even though Toll targets the high-end luxury buyer, pricing has been pushed so high already that at some point the buyer is going to walk away," Morningstar Inc analyst James Krapfel told Reuters.

  • Sept 3- Toll Brothers Inc's quarterly income more than doubled as the largest U.S. luxury homebuilder sold more homes at higher prices. No.1 U.S. homebuilder D.R. Horton Inc, which mainly serves first-time buyers, had to offer discounts to boost sales in some markets in its quarter ended June 30.

  • Toll Brothers profit doubles on higher selling prices Wednesday, 3 Sep 2014 | 5:08 AM ET

    Sept 3- Toll Brothers Inc's quarterly income more than doubled as the largest U.S. luxury homebuilder sold more homes at higher prices. The company's net income jumped to $97.7 million, or 53 cents per share, in the third quarter from $46.6 million, or 26 cents per share, a year earlier.

  • WASHINGTON, Sept 2- U.S. construction spending rebounded strongly to hit its highest level in more than 5-1/ 2 years in July as private construction increased and state and local government outlays surged, in a further sign of vigor in the economy.

  • Morgan Stanley plans a start-up—in natural gas Friday, 29 Aug 2014 | 9:32 AM ET

    Morgan Stanley plans to build and run a U.S. compressed natural gas export facility, even as it sells its physical oil business.

  • NEW YORK, Aug 29- Morgan Stanley has quietly filed plans to build and run one of the first U.S. compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business.

  • Aug 27- Overheating worries at home are driving Canada's homebuilders south of the border where they buy up rural land, betting on a recovery in the U.S. suburban housing market even as many local players remain on the sidelines.

  • PRETORIA, Aug 26- South Africa avoided slipping into recession in the second quarter as solid growth in agriculture and finance outweighed a plunge in production in the strike-hit mining sector, data showed on Tuesday.

  • WASHINGTON, Aug 25- Sales of new U.S. single-family homes fell for a second straight month in July, but a surge in the stock of properties on the market and slower price gains should help stimulate demand in the months ahead. "The housing market continues to recover," said Sam Bullard, a senior economist at Wells Fargo Securities in Charlotte, North Carolina.

  • *New home sales fall 2.4 percent in July. WASHINGTON, Aug 25- Sales of new U.S. single-family homes fell for a second straight month in July, but a surge in the stock of properties on the market and a moderation in price increases should help to stimulate demand in the months ahead.

  • WASHINGTON, Aug 25- Sales of new U.S. single-family homes fell for a second straight month in July, but a surge in the stock of properties on the market and a moderation in price increases should help to stimulate demand in the months ahead.

  • LONDON, Aug 20- Copper rose to a one-week high on Wednesday as robust U.S. housing data overnight boosted sentiment and buyers in top metals consumer China took advantage of low prices to build stocks. Copper is used mostly in the construction industry for cables, electric wiring, plumbing and in heating and ventilation systems.

  • *Carillion ends pursuit of merger with Balfour Beatty. LONDON, Aug 20- British construction company Carillion said it had abandoned its pursuit of a merger with Balfour Beatty on Wednesday after Balfour rejected its advances for the third time.

  • LONDON, Aug 20- Copper rose on Wednesday in response to robust U.S. housing data overnight and buyers in top metals consumer China taking advantage of low prices to build stocks. Copper is used mostly in the construction industry for cables, electric wiring, plumbing and in heating and ventilation systems.

  • LONDON, Aug 20- British construction company Balfour Beatty rejected a third merger proposal from Carillion on Wednesday, saying a turnaround strategy centred on the sale of its U.S. engineering business was a better prospect for investors.

  • UPDATE 1-Balfour Beatty rejects third Carillion offer Wednesday, 20 Aug 2014 | 2:47 AM ET

    LONDON, Aug 20- British engineering company Balfour Beatty on Wednesday rejected Carillion's third merger proposal, saying it failed to address the risks in the deal and only represented a small increase in value.

  • Balfour Beatty rejects third Carillion offer Wednesday, 20 Aug 2014 | 2:16 AM ET

    LONDON, Aug 20- British engineering company Balfour Beatty on Wednesday rejected Carillion's third merger proposal, saying it failed to address its concerns over risks to the business.

  • *Euro/dollar at 9- month low, risks fall below $1.30. *Dollar/yen seen testing July peak of 103.15 yen. TOKYO, Aug 20- The dollar held firm near 11- month high against a basket of major currencies on Wednesday after strong U.S. housing data added to hopes of a firming recovery in the world's biggest economy.

  • Furthermore, the solid activity reported in new construction and by Home Depot Inc in its quarterly report on Tuesday may in part be due to activity delayed by bad weather in the first quarter.