Construction and Engineering
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WASHINGTON, Feb 20- U.S. residential construction fell in January but a jump in permits for future home building to a 4-1/ 2 year high offered hope the housing market recovery remains on track.
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WASHINGTON, Feb 20- Groundbreaking to build new U.S. homes fell in January but new permits for construction rose to a 4 1/ 2- year high, reinforcing expectations the housing market will support economic growth this year. The Commerce Department said on Wednesday that starts at building sites for homes fell 8.5 percent last month to a 890,000- unit annual rate.
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Feb 20- Toll Brothers Inc, the largest luxury homebuilder in the United States, reported first-quarter results well below analysts' estimates, hurt by lower selling prices and higher costs, sending its shares down 5 percent before the bell.
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*First-quarter earnings/share $0.03 vs loss $0.02 last year. Feb 20- Toll Brothers Inc, the largest luxury homebuilder in the United States, reported a 49 percent jump in new orders in the first quarter and said it would enter the apartment rental business to take advantage of a supply crunch.
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Feb 20- Toll Brothers Inc, the largest luxury homebuilder in the United States, reported a quarterly profit compared with a loss in the previous year and said new orders jumped 49 percent. Net income for the first quarter was $4.4 million, or 3 cents per share, compared with a loss of $2.8 million, or 2 cents per share, a year earlier.
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WASHINGTON, Feb 20- U.S. builders broke ground on fewer homes last month but a jump in permits for future construction to a 4-1/ 2 year high indicated the housing market recovery remains on track.
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NEW YORK, Feb 19- U.S. home-builder confidence in the market for single family homes eased slightly in February from last month's seven-year high as builders faced higher material costs, an index showed on Tuesday. The NAHB/Wells Fargo Housing Market index edged down to 46 this month from 47, which had been its highest since April 2006.
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WASHINGTON, Feb 19- State and local governments are spending more on highways, roads and bridges now that they have a long-standing funding commitment from the federal government, according to a recent report from the American Road and Transportation Builders Association.
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KIEV, Feb 13- Part of a structure next to the damaged nuclear reactor at Ukraine's Chernobyl power plant has collapsed, the authorities said on Wednesday, adding there were no injuries or any increase in radiation levels. Large areas of Ukraine and neighbouring Belarus were contaminated.
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JOHANNESBURG, Feb 12- When President Jacob Zuma said last year South Africa would spend $95 billion on roads, ports and railways before 2015, domestic construction firms such as Sanyati should have been celebrating.
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*Bank of Canada may further soften rate-hike stance. OTTAWA, Feb 8- Canada's economy unexpectedly shed jobs in January, while housing starts plunged, suggesting global uncertainty, weak prices for Canadian oil, and a government clampdown on the property market will drag on growth in early 2013..
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*Urenco chief urges Europe to develop prototype micro reactor. LONDON, Feb 8- Europe should seize the chance to develop a new generation of "plug and play" micro nuclear reactors that could compete with wind farms as a safe, low-carbon energy source, the head of nuclear fuel firm Urenco said.
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*Bank of Canada may further soften rate-hike stance. OTTAWA, Feb 8- Canada's economy unexpectedly shed 21,900 jobs in January, delivering a reality check after months of outsized employment growth and confirming forecasts of slowing economic expansion.
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HONG KONG, Feb 8- One in five Chinese LED lighting companies may fail this year as falling prices and oversupply batter an industry that Beijing bankrolled to try to build an energy-efficient future.
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*December -11.2 percent, November -14.5 percent. *Largest two-month decline in at least 24 years. OTTAWA, Feb 7- Tighter Canadian mortgage rules appear to have put a serious damper on the housing market, especially on the heated condominium sector, judging by Statistics Canada data released on Thursday.
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NEW YORK/ HOUSTON, Feb 6- A decision by Duke Energy Corp to retire rather than repair its damaged Crystal River reactor in Florida may signal the shutdown of other older U.S. nuclear plants as weak natural gas prices make significant investment in them uneconomical.
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Colorado Rockies owner, Linda Alvarado, Alvarado Construction Company president & CEO, makes her pitch on jobs, construction, the economy and the business of baseball.
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The European Commission this week said it was putting on hold transfers of money due to Poland for road projects, which could add up to about 5 billion euros, because it wants assurances the alleged fraud could not be repeated on other projects in Poland, the biggest recipient of European Union funds.
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WASHINGTON, Feb 1- U.S. construction spending rose in December, with strong gains in home building and business investment outweighing a sharp drop in public works spending by state and local governments. Construction spending increased 0.9 percent to an annual rate of $885 billion, the Commerce Department said on Friday.
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CNBC's Rick Santelli reports the latest numbers on the economy from the business community.