Construction and Engineering


  • Brazil builder PDG posts a Q2 net loss of $59 mln Thursday, 31 Jul 2014 | 8:01 PM ET

    SAO PAULO, July 31- Brazilian homebuilder PDG Realty SA reported a second-quarter net loss of 135.3 million reais, larger than the 104.9 million reais loss posted a year earlier, according to a Thursday securities filing. Five analysts in a Reuters survey had forecast a second-quarter net loss ranging from 10 million to 42 million reais.

  • Big threat to coastal cities isn't getting fixed Wednesday, 30 Jul 2014 | 11:36 AM ET
    A woman walks with her dog by homes damaged by Hurricane Sandy along the beach in the Rockaways on January 15, 2013 in New York City.

    The U.S. lacks a plan to save coastal cities from hurricanes and rising sea levels, and getting there may not be easy.

  • *First drop in home prices since January 2012. NEW YORK, July 29- U.S. single-family home prices fell unexpectedly in May, declining for the first time in more than two years in the latest signal of the wobbly state of the housing market.

  • TOKYO, July 29- Atomic power's share of global electricity supply is at the lowest level since the 1980 s following the shutdown of Japan's reactors after the Fukushima disaster, and may fall further without major new plant construction.

  • WASHINGTON, July 28- Contracts to buy previously-owned U.S. homes unexpectedly fell in June, but the data did little to change perceptions the housing sector was gradually recovering after slumping in late 2013.. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed last month, fell 1.1 percent to 102.7.

  • *D.R. Horton shares down 10 pct, PulteGroup down 3 pct. July 24- D.R. Horton Inc, the No.1 U.S. homebuilder, said it had to offer discounts in the third quarter to boost sales in Chicago, a particularly bleak spot in a weak U.S. housing market.

  • The PHLX housing sector index fell 2.36 percent, with shares of D.R. Horton Inc, the No. 1 U.S. homebuilder, dropping more than 3 percent. D.R. Horton spooked investors on Thursday when it reported a 23- percent drop in third-quarter profit.

  • *Weekly jobless claims fall 19,000. WASHINGTON, July 24- The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/ 2 years last week, suggesting the labor market recovery was gaining traction.

  • U.S. new home sales post biggest drop in almost a year Thursday, 24 Jul 2014 | 10:00 AM ET

    WASHINGTON, July 24- Sales of new U.S. single-family homes fell sharply in June and the prior month's data was revised to show less robust growth, suggesting the housing market would struggle to regain momentum.

  • FACTBOX-Proposed U.S. nuclear power reactors Thursday, 24 Jul 2014 | 9:49 AM ET

    July 24- Southern Co, a power company, said it hopes to announce plans to build more nuclear reactors by the end of the year, a spokesman said late Wednesday.

  • July 24- Southern Co, one of the biggest U.S. power companies, said it hopes to announce plans by the end of the year to build more nuclear reactors, a spokesman said late Wednesday.

  • July 24- D.R. Horton Inc, the No.1 U.S. homebuilder, reported a 23 percent slump in third-quarter profit, hurt by an impairment charge, mainly on properties in the weak Chicago market. D.R. Horton reported a 15 percent drop in home deliveries in both the Midwest and the Southwest in the quarter ended June 30.

  • D.R. Horton's homebuilding revenue rises, orders jump Thursday, 24 Jul 2014 | 7:16 AM ET

    July 24- D.R. Horton Inc, the No.1 U.S. homebuilder, reported a 28 percent rise in third-quarter homebuilding revenue and the company said orders rose 25 percent. Homebuilding revenue rose to $2.10 billion in the quarter ended June 30 from $1.64 billion, a year earlier.

  • PulteGroup profit rises due to higher home prices Thursday, 24 Jul 2014 | 6:53 AM ET

    July 24- U.S. homebuilder PulteGroup Inc reported a 15 percent rise in quarterly profit as it sold homes at higher prices, but said orders fell 2.2 percent. Net income rose to $41.9 million, or 11 cents per share, in the second quarter ended June 30, from $36.4 million, or 9 cents per share, a year earlier.

  • This sector in China is seeing a 'massive decline'  Wednesday, 23 Jul 2014 | 9:17 PM ET

    Ron Napier, Head of Napier Investment Advisors, describes his worries over China's construction sector.

  • *Chinese firm said to now have enough cash to pay off $64.5 mln bond. SHANGHAI, July 23- A troubled Chinese construction company avoided a landmark bond default at the last minute on Wednesday, raising enough funds to pay off both principal and interest on a 400 million yuan bond, people directly involved in the matter told Reuters.

  • SHANGHAI, July 23- China's Huatong Road& Bridge Group Co Ltd managed to avoid a landmark bond default at the last minute on Wednesday, raising enough funds to pay off both principal and interest on a 400 million yuan bond due by the end of the day, sources directly involved in the issue told Reuters.

  • WASHINGTON, July 22- U.S. home resales hit an eight month-high in June, suggesting the housing market was gradually regaining momentum and would help the economy to stay on a higher growth path this year.

  • WASHINGTON, July 22- U.S. home resales rose in June to their fastest pace in eight months, a signal that the housing market was pulling out of a slump. The National Association of Realtors said on Tuesday existing home sales increased 2.6 percent to an annual rate of 5.04 million units. "Things are flying pretty fast," said Lawrence Yun, the NAR's chief economist.

  • SHANGHAI, July 18- A Chinese construction company at risk of declaring a landmark bond default on nearly $65 million is getting local political support to hold off creditors and get cash, state media reported on Friday, citing sources at the struggling firm.