NEW YORK— Shares of some top construction companies were up at the close of trading:. Fluor rose$. 32 or. 5 percent, to $59.90. Quanta Services Inc. rose$. 48 or 1.8 percent, to $27.61.» Read More
LONDON, July 17- Copper prices fell to their lowest in two weeks on Thursday amid growing concern over the outlook for metal demand from the property sector after a Chinese builder warned of a possible bond default.
WASHINGTON, July 17- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market recovery was gaining traction. "This part of economy is going in the wrong direction while the rest of the economy is picking up," said Anthony Karydakis, chief economic strategist at Miller Tabak in New York.
WASHINGTON, July 17- U.S. housing starts and building permits unexpectedly fell in June, suggesting the housing market recovery was struggling to get back on track after stalling in late 2013.. Groundbreaking declined 9.3 percent to a seasonally adjusted annual 893,000 million unit-pace, the lowest since September, the Commerce Department said on Thursday.
LONDON, July 17- Copper prices dropped to their lowest level in two weeks on Thursday due to intensifying concerns about the outlook for metal demand from the property sector after a Chinese builder warned of a possible bond default.
SYDNEY, July 17- Shanghai copper fell to its lowest in a fortnight on Thursday as jitters over a possible bond default in China's construction sector triggered a round of profit taking. *The most-traded September copper contract on the Shanghai Futures Exchange slid 1 percent to 50,050 yuan a tonne in overnight trade.
SHANGHAI, July 16- A Chinese builder has warned its investors it may not be able to repay a $65 million debt due next week, possibly becoming the first borrower to default in the country's largest bond market and highlighting concerns over the construction sector.
SHANGHAI, July 16- Chinese construction firm Huatong Road& Bridge Group Co Ltd said on Wednesday it might fail to pay investors both interest and principal due on a one-year short-term bill issue that matures on July 23. If Huatong fails to pay, it would be the first such publicly announced default in China's interbank market, the country's largest bond market.
AECOM Technology said it will pay $4 billion to acquire URS in an acquisition that is expected to complete in October.
July 13- Engineering design firm AECOM Technology Corp on Sunday said it would pay about $4 billion to acquire engineering and construction services firm URS Corp. AECOM in a news release said it would pay $56.31 a share in cash and stock for URS. URS stockholders will receive $33 in cash and 0.734 share of AECOM common stock for each URS share.
July 13- Engineering design firm AECOM Technology Corp on Sunday said it would pay about $4 billion in cash and stock to acquire URS Corp, an engineering and construction services company, to create a combined company with about $19 billion in annual sales and more than 95,000 employees.
July 13- Engineering design firm AECOM Technology Corp on Sunday said it would pay about $6 billion in cash and stock to acquire URS Corp, an engineering and construction services company, to create a combined company with about $19 billion in annual sales and more than 95,000 employees.
BRUSSELS/ MOSCOW- The European Union seeks to reassure Russia that a free-trade pact with Ukraine is not aimed at hurting Moscow, but rejects calls to postpone implementation, offering more talks instead.
NEW YORK, July 11- URS Corp, an engineering and construction services company with a market value of $3.5 billion, has recently held talks with industry rivals and buyout firms about a potential sale of the company, people familiar with the matter said.
*Dubai Holding chief Byat says phase one to be ready in 3 yrs. DUBAI, July 8- Dubai Holding, the investment vehicle of the emirate's ruler, will need 25 billion dirhams to build an entertainment district that will include the world's largest shopping mall, its chief executive said on Tuesday.
DUBAI, July 5- Dubai is launching a project to build an entertainment and hotel district that will include the world's largest shopping mall, the emirate's ruler, Sheik Mohammed bin Rashid al-Maktoum, said on Saturday.
July 2- U.S. strip mall vacancies fell slightly in the second quarter, while retail mall vacancies remained unchanged, real estate research firm Reis Inc said in a report.
UK CONSTRUCTION PMI HITS FOUR-MONTH HIGH IN JUNE- MARKIT@. LONDON, July 2- A surge in home-building helped British construction activity to grow at its fastest annual pace in four months in June, bucking expectations for a slowdown, industry data showed on Wednesday.
*Now sees adj EBITDA at 380- 400 mln eur vs 419 mln in 2013. FRANKFURT, July 1- Shares in Bilfinger slumped on Tuesday after the German engineering and services group issued a profit warning and said it would have to restructure its power business, entailing "significant" job losses.
WASHINGTON, July 1- U.S. manufacturing activity held steady at firmer levels in June and automobile sales were on track to beat expectations, pointing to momentum in the economy after a rough winter. The Institute for Supply Management said on Tuesday its index of national factory activity was at 55.3, little changed from May's 55.4 reading.
WASHINGTON, July 1- U.S. construction spending rose less than expected in May, which could prompt a further downgrading of second-quarter economic growth estimates. Construction spending edged up 0.1 percent to an annual rate of $956.1 billion, the Commerce Department said on Tuesday.