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Construction and Engineering

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  • *Japan's nuclear reliance could be as low as 10 pct. TOKYO, April 2- Three years after the Fukushima disaster prompted the closure of all Japan's nuclear reactors, Prime Minister Shinzo Abe is moving to revive nuclear power as a core part of the energy mix, but many of those idled reactors will never come back online.

  • WASHINGTON, April 1- U.S. factory activity accelerated for a second straight month in March as production rebounded, in the latest sign that winter's icy grip on the economy was loosening. We should see growth in manufacturing the rest of the year with the overall growing economy, "said Gus Faucher, senior economist at PNC Financial Services in Pittsburgh.

  • WASHINGTON, April 1- U.S. construction spending barely rose in February as outlays on private residential construction projects recorded their biggest decline in seven months, a sign that severe weather continues to hobble the economy. Construction spending edged up 0.1 percent to an annual rate of $945.7 billion, the Commerce Department said on Tuesday.

  • SHANGHAI, April 1- A small construction materials company has defaulted on an interest payment on 180 million yuan worth of bonds, a national newspaper said on Tuesday, a few weeks after China's first-ever domestic bond default.

  • WASHINGTON, March 28- Caterpillar Inc's offshore tax strategies will come under scrutiny on Tuesday at a U.S. Senate hearing expected to examine dealings by the world's largest mining and construction equipment maker in Switzerland, Bermuda and Luxembourg.

  • HELSINKI, March 27- Finnish retailer Kesko on Thursday said it would drop out of the Fennovoima nuclear project, adding to concerns over the progress of the consortium's plan to build a 4 to 6 billion euro reactor in western Finland.

  • WASHINGTON, March 24- A U.S. Senate subcommittee known for investigating corporate tax avoidance said on Monday it will hold a hearing on April 1 to examine the offshore tax strategies of Caterpillar Inc, the world's largest mining and construction equipment maker.

  • STOCKHOLM, March 23- Such is the weight of Christer Gardell's voice in Europe that Volvo's share price jumped 4 percent one day in January when a Swedish business daily ran a front-page story on the activist investor calling on the truckmaker to "start delivering".

  • March 20- Lennar Corp reported a 36 percent jump in quarterly profit as it sold more homes at higher prices but said it was too soon to predict the strength of the spring selling season. Lennar's shares rose about 3.5 percent in premarket trading.

  • 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.

  • *KB Homes, other homebuilders shares rise. March 19- KB Home, the No. 5 U.S. homebuilder, reported a first-quarter profit for the first time since 2007 as it sold homes at higher prices in California, its largest market, and indicated towards a strong spring selling season.

  • March 19- KB Home, the fifth-largest U.S. homebuilder, reported a better-than-expected quarterly profit as a shortage of ready land to build on helped it increase selling prices, sending its shares up as much as 10 percent in morning trade.

  • March 19- KB Home, the fifth-largest U.S. homebuilder, reported a quarterly profit compared with a year-earlier loss as it closed deals at higher prices, sending its shares up 7.5 percent in premarket trading.

  • KB Home posts profit, higher orders Wednesday, 19 Mar 2014 | 8:46 AM ET

    March 19- KB Home, the fifth-largest U.S. homebuilder, reported a quarterly profit compared with a year-earlier loss and said new home orders rose. Net income was $10.6 million, or 12 cents per share, in the first quarter ended Feb. 28 compared with a loss of $12.5 million, or 16 cents per share, a year earlier. New home orders rose 6 percent to 1,765 units.

  • *Housing starts fall 0.2 percent in February. WASHINGTON, March 18- U.S. consumer inflation was muted in February and housing starts fell for a third straight month in February, but the weak data probably will not dissuade the Federal Reserve from dialing back its monetary stimulus.

  • MADRID, March 14- A construction industry consortium led by Spain's Sacyr said in a statement on Friday it had signed a deal late on Thursday to complete work on the multi-billion dollar project to widen the Panama Canal, settling a long-running dispute over cost overruns.

  • LIMA, March 12- Peru is talking with Brazilian construction giant OAS about resuming construction on a $4 billion hydroelectric plant that has been stalled since 2011 because of local opposition, an official said on Wednesday. An OAS representative in Peru said by telephone that the company did not have any comment.

  • MALABO, March 10- On land cleared of tropical forest, gleaming new office towers, apartment blocks, homes and highways dazzle the eye in Equatorial Guinea, Sub-Saharan Africa's No. 3 energy producer where oil and gas revenues have fed a frenzy of construction.

  • *Hochtief seeks more directors, business structure review. SYDNEY, March 10- German builder Hochtief AG plans to spend over $1 billion to lift its majority stake in Australia's Leighton Holdings Ltd, seeking to push through restructuring at a business that already delivers most of Hochtief's profit.

  • NEW YORK/ MEXICO CITY, March 7- The company at the center of an alleged fraud that forced Citigroup Inc to cut its 2013 profit won billions of dollars in contracts from Mexico's state oil monopoly over the past decade, even after Mexican officials and private lawsuits raised red flags about the contractor's activities.