GO
Loading...

Construction and Engineering

More

  • WASHINGTON, Nov 3- U.S. construction spending fell for a second straight month in September as investment in both private and public projects declined, suggesting the third-quarter growth estimate could be revised lower. Construction spending dropped 0.4 percent to an annual rate of $950.9 billion, the Commerce Department said on Monday.

  • MEXICO CITY, Oct 31- Mexico and its main construction companies could help carry out a plan to spur economic growth and jobs in Central America to stem illegal immigration to the United States, a senior Mexican government official said on Friday. Struggling to stop a record flood of child migrants to the United States earlier this year, Guatemala, Honduras and El...

  • Oct 31- Construction equipment company Caterpillar Inc on Friday said the U.S. Securities and Exchange Commission is investigating how it accounted for its July 2011 purchase of Bucyrus International Inc.. In its quarterly report, Caterpillar said the Sept. 10 subpoena from the SEC seeks information about its accounting for goodwill relating to the $7.6...

  • Brazil builder PDG posts a Q3 net loss of $73 mln Thursday, 30 Oct 2014 | 6:59 PM ET

    SAO PAULO, Oct 30- Brazilian homebuilder PDG Realty SA's third-quarter net loss widened to 174.7 million reais from 111.3 million reais a year earlier, more than market analysts expected, according to a securities filing on Thursday. Seven analysts in a Reuters survey had an average forecast for a third-quarter net loss of 95.8 million reais.

  • MEXICO CITY, Oct 24- Mexican construction company ICA on Friday reported a third-quarter loss, hurt by a sharp increase in financial costs that offset higher revenue. The company reported a loss of 769 million pesos, compared to a profit of 241 million pesos in the year-earlier quarter. The company had financial costs of 2.279 billion pesos compared to 553...

  • DAR ES SALAAM, Oct 24- Tanzania and China have signed investment deals worth more than $1.7 billion, including one to build a satellite city to ease congestion in the commercial capital Dar es Salaam- deepening Beijing's ties with East Africa. Tanzania later announced a $85 million in grants and zero-interest loans from China. The deals extend China's growing...

  • *New home sales rise 0.2 percent in September. WASHINGTON, Oct 24- Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August's sales pace indicated the housing recovery remains tentative. The Commerce Department said on Friday that sales increased 0.2 percent to a seasonally adjusted annual rate of...

  • WASHINGTON, Oct 24- Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August's sales pace indicated that the housing recovery remains fragile. The Commerce Department said on Friday that sales increased 0.2 percent to a seasonally adjusted annual rate of 467,000 units, the highest reading since July...

  • Chinese developers roll out gimmicks as sales slump Thursday, 23 Oct 2014 | 10:49 PM ET

    HONG KONG, Oct 24- Chinese developers are turning to offbeat marketing gimmicks and give-aways as they battle to shift massive inventories of unsold homes and survive the country's biggest economic slowdown since the global financial crisis. China's largest residential developer China Vanke is using social media in a series of quirky campaigns which...

  • Oct 23- Caterpillar Inc shares jumped more than 5 percent on Thursday after it reported a stronger-than-expected quarterly profit and raised its 2014 outlook, citing strong demand from the North American energy and construction industries. Since then, Caterpillar has focused on cutting production costs and boosting margins, a process that has involved...

  • Oct 23- PulteGroup Inc, the No.3 U.S. homebuilder, reported its smallest quarterly increase in home prices in almost two years, joining peers in suggesting that the steep rise in prices in the past couple of years has dampened demand. Shares of PulteGroup, which focuses on first-time home buyers, fell about 2.5 percent in early trading. "Builders are faced with...

  • Oct 23- PulteGroup Inc, the No. 3 U.S. homebuilder, reported a 4 percent rise in its quarterly revenue from home sales as the company raised prices for the twelfth straight quarter. PulteGroup has boosted revenue by charging more for homes even as it slows the rate at which it builds homes- a step it was forced to take due to a shortage of developed land.

  • Boom! Caterpillar blows doors off estimates Thursday, 23 Oct 2014 | 7:34 AM ET
    Caterpillar

    Caterpillar reported quarterly earnings that surged past analysts' expectations on Thursday.

  • PulteGroup revenue rises on higher home prices Thursday, 23 Oct 2014 | 6:53 AM ET

    Oct 23- PulteGroup Inc, the No. 3 U.S. homebuilder, reported a 4 percent rise in quarterly revenue from home sales as the company sold homes at higher prices. Average selling price rose 8 percent to $334,000 in the third quarter ended Sept. 30. Home sales revenue, which excludes land sale and financial services revenue, rose to $1.55 billion from $1.49 billion.

  • U.S. Architecture Billings Index rises in September Wednesday, 22 Oct 2014 | 12:00 AM ET

    Oct 22- The Architecture Billings Index, an indicator of U.S. non-residential building activity, rose in September due to an increase in demand for institutional projects. The index rose to 55.2 last month from 53.0 in August, the American Institute of Architects said on Wednesday. "Strong demand for apartment buildings and condominiums has been one of the main...

  • *Existing home sales rise 2.4 percent in September. WASHINGTON, Oct 21- U.S. home resales jumped to their highest level in a year in September, the latest indication that the housing market recovery is gradually getting back on track. The National Association of Realtors said on Tuesday existing home sales rose 2.4 percent to an annual rate of 5.17 million units,...

  • U.S. existing home sales hit one-year high in September Tuesday, 21 Oct 2014 | 10:00 AM ET

    WASHINGTON, Oct 21- U.S. home resales jumped to their highest level in a year in September, the latest indication that the housing market recovery is gradually getting back on track. The National Association of Realtors said on Tuesday existing home sales rose 2.4 percent to an annual rate of 5.17 million units, the strongest reading since September of last year.

  • 'I am a science geek!': 'Big Bang Theory' actress Thursday, 11 Sep 2014 | 1:17 PM ET
    Mayim Bialik headshot

    "Big Bang" actress Mayim Bialik is a self-proclaimed science geek (she has a Ph.D.) and wants to get kids excited about math and science.

  • Morgan Stanley plans a start-up—in natural gas Friday, 29 Aug 2014 | 9:32 AM ET

    Morgan Stanley plans to build and run a U.S. compressed natural gas export facility, even as it sells its physical oil business.

  • 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.