Construction and Engineering


  • Yemen to begin $3.5 billion international road project Tuesday, 24 Jun 2014 | 7:31 AM ET

    DUBAI, June 24- Yemen has announced plans to build a $3.5 billion highway linking the southern port city of Aden to Saudi Arabia, starting work in the next three months on what will be one its biggest ever infrastructure projects.

  • *Wisconsin Energy to buy Integrys for $9.1 bln. Financial data firm Markit's Composite Purchasing Managers' Index for the euro zone fell more than expected, though the HSBC/ Markit Flash China Manufacturing Purchasing Managers' Index rose into expansion territory for the first time in six months.

  • June 23- Canadian engineering and construction company SNC-Lavalin Group Inc said on Monday that it would acquire British energy services provider Kentz Corp Ltd for about 1.164 billion pounds in cash to expand its offerings in the oil and gas sector.

  • Canada's SNC-Lavalin to buy UK's Kentz for $2 bln Monday, 23 Jun 2014 | 6:50 AM ET

    June 23- SNC-Lavalin Group Inc, Canada's largest engineering and construction company, said it would buy British energy services provider Kentz Corp Ltd for about 1.164 billion pounds in cash. SNC-Lavalin said each Kentz shareholder will receive 935 pence per share, a premium of 33 percent to Kentz's Friday close on the London Stock Exchange.

  • *Board to meet on June 18 to discuss projects. DUBAI, June 15- Dubai's main bourse amended ownership data for Dubai construction firm Arabtec on Sunday after initial figures displayed on its website fuelled a 10 percent plunge in the stock, one of the most market's most heavily traded.

  • LONDON, June 13- Shares in Britain's housebuilders and property developers fell on Friday after the government and the Bank of England signalled they were ready to intervene to cool the country's surging house market.

  • LONDON, June 13- Shares in Britain's house builders, including Barratt Developments and Persimmon slipped on Friday after finance minister George Osborne said he would give the Bank of England stronger powers to curb mortgage lending.

  • MEXICO CITY, June 12- Seven employees of ICA-Fluor, a joint venture between Mexican construction company ICA and U.S. engineering firm Fluor Corp, died on Wednesday during construction of an oil rig for state oil company Pemex in Veracruz, a local official said on Thursday.

  • TORONTO, June 9- Canadian housing starts picked up more than expected in May and April was revised higher, suggesting housing will contribute to economic growth in the second quarter after a harsh winter put the brakes on construction, data released on Monday showed.

  • MOSCOW, June 2- Russia's state nuclear firm Rosatom aims to grow its global order book to $100 billion this year, up 25 percent year-on-year, by securing new projects in Hungary, Kazakhstan, India and Iran, CEO Sergei Kiriyenko said on Monday. Rosatom has won a contract to build a new plant in Hungary and has agreed to build reactors in India and Kazakhstan this year.

  • WASHINGTON, June 2- U.S. manufacturing activity slowed last month and construction spending rose less than expected in April, which could temper hopes of a sharp pick-up in economic growth this quarter.

  • U.S. construction spending at five-year high Monday, 2 Jun 2014 | 10:00 AM ET

    WASHINGTON, June 2- U.S. construction spending rose to its highest level in five years in April, but the increase was less than expected, suggesting a mild pick-up after residential and nonresidential construction contracted in the first quarter.

  • $60M Texas high school stadium deemed unsafe Tuesday, 20 May 2014 | 1:56 PM ET
    The $60 million high school stadium that got national attention for its grandeur _ and its price tag _ will be shut down indefinitely just 18 months after its opening, North Texas school district officials said Thursday, Feb. 27, 2014, for an examination of cracking in the concrete of the stadium's concourse.

    One of the most expensive high school football stadiums in America will be closed this fall because its concrete is cracking.

  • Land Securities pre-tax profit doubles     Thursday, 15 May 2014 | 5:30 AM ET

    Robert Noel, CEO of Land Securities tells CNBC that the group is beginning to "reap the rewards" from the "bold call" it made to build new buildings with no rental agreements in place.

  • Finding commercial real estate's sweet spot     Thursday, 8 May 2014 | 7:31 AM ET

    There is a lot of capital from around the world flowing into real estate and the fundamentals are good, explains Robert Sulentic, CBRE Group president & CEO, sharing his outlook on the nation's real estate market. And Robert Wolf, 32 Advisors CEO, wants to know about the uptick in new construction. Don't expect a dramatic amount of new supply over the next couple of years, says Sulentic.

  • Nice snapback in residential construction     Thursday, 1 May 2014 | 10:01 AM ET

    CNBC's Steve Liesman provides insight on the latest ISM Index number, construction spending from March and initial jobless claims.

  • ISM good, construction spending weak: Santelli     Thursday, 1 May 2014 | 10:00 AM ET

    CNBC's Rick Santelli reports April's ISM Index resulted at 54.9, and March construction spending was up 0.2 percent.

  • CAT story about US construction: Cramer     Thursday, 24 Apr 2014 | 9:18 AM ET

    Despite a slowdown in CAT's mining equipment business, CNBC's Jim Cramer says U.S. construction is back big, as he breaks down Caterpillar's Q1 earnings that exceeded the Street's forecast.

  • Warnings fly in tense call between Obama and Putin Tuesday, 15 Apr 2014 | 9:38 AM ET
    President Barack Obama

    President Obama said to President Putin during a phone call that Russia would have to face further sanctions if it continues its actions in Ukraine.

  • China's construction sector is top threat: Napier     Wednesday, 19 Mar 2014 | 8:22 PM ET

    Ron Napier, Head of Napier Investment Advisors, explains how the massive decline in Chinese construction activity will hurt growth.