Construction and Engineering


  • DERBY, England, Feb 26- British engineering company Rolls-Royce has outlined plans designed to maintain long-term dominance in large aircraft engines, showcasing two new models that could improve efficiency by up to 10 percent.

  • WASHINGTON, Feb 26- Sales of new U.S. single-family homes surged to a 5-1/ 2- year high in January, but the bounce was likely to be short-lived amid signs of a broader weakness in the housing market.

  • NEW YORK, Feb 26- U.S. The U.S. government bond market enjoyed a brief safe-haven rally after Russian President Vladimir Putin put combat troops on high alert for war games near Ukraine, following the toppling of its ally Viktor Yanukovich as president, traders said.

  • BOSTON, Feb 26- Cape Wind said on Wednesday it has secured $600 million in financing for its proposed $2.5 billion wind power farm off the Massachusetts coast, and expects to have the rest locked up by the end of the third quarter.


  • U.S. new home sales hit 5-1/2 year high in January Wednesday, 26 Feb 2014 | 10:01 AM ET

    WASHINGTON, Feb 26- Sales of new U.S. single-family homes surged to a 5-1/ 2- year high in January, which could ease concerns of a sharp slowdown in the housing market. The Commerce Department said on Wednesday that sales jumped 9.6 percent to a seasonally adjusted annual rate of 468,000 units, the highest level since July 2008.

  • Thai homebuilders face tough times as crisis drags on Wednesday, 26 Feb 2014 | 12:32 AM ET

    *Property index has fallen 10 percent in three months. BANGKOK, Feb 26- Political unrest and an over-supplied $20 billion real estate market in Thailand are the latest challenges threatening developers who are cancelling new launches in the hopes of staving off a bubble.

  • *S&P/Case-Shiller home price index up 0.8 pct in December. *Toll Brothers', Home Depot's results cloud housing outlook. Feb 25- U.S. home price gains slowed in December, according to a closely watched housing survey on Tuesday that underscored a loss of momentum in the housing recovery, while consumer confidence drifted lower this month.

  • Feb 25- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a fall in quarterly orders for the first time in three years as a severe winter deterred buyers.

  • LONDON, Feb 25- "Nodding donkeys" floating at sea, water injection, and "outside-in" subsea oil taps that can withstand the pressure found in the chamber of a firing gun are some of the technologies vying to keep the oil pumping in Britain's North Sea.

  • Feb 25- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a 52 percent jump in quarterly revenue as it sold more houses at higher prices in a recovering housing market. Net income jumped to $45.6 million, or 25 cents per share from $4.4 million, or 3 cents per share.

  • Toll Brothers reports surge in profit Tuesday, 25 Feb 2014 | 5:15 AM ET

    Feb 25- Toll Brothers Inc, the largest luxury U.S. homebuilder, reported a more than 10- fold jump in quarterly profit as the U.S. housing market recovers. Revenue soared 52 percent to $643.7 million in the first quarter ended Jan. 31. Net income rose to $45.6 million, or 25 cents per share from $4.4 million, or 3 cents per share, a year earlier.

  • The neighborhood has created heartache for its residents, but it is also disappointing for Citigroup Inc, which helped finance Desarrolladora Homex, the site's developer and once Mexico's second-largest homebuilder. And some banking analysts say they fear the loan losses could be a taste of further emerging market credit losses to come for Citigroup.

  • WASHINGTON, Feb 21- Severe cold weather and a shortage of houses on the market pushed U.S. home resales to an 18- month low in January, the latest indication economic activity has hit a soft patch. The National Association of Realtors said on Friday that home sales dropped 5.1 percent last month to an annual rate of 4.62 million units, the lowest level since July 2012.

  • NEW YORK, Feb 21- The dollar fell against the euro on Friday after weak U.S. housing data stoked concerns about the American economy, but remained on track for its first week of broad gains against a basket of major currencies in three weeks.

  • South Korea resort roof collapses, 8 students dead Monday, 17 Feb 2014 | 11:52 AM ET
    Rescue workers search for survivors from a collapsed resort gymnasium on February 18, 2014 in Gyeongju, South Korea.

    South Korean media reported that the heavy snowfall was believed to have resulted in the collapse, but the cause was still being investigated.

  • Panama Canal construction halt     Monday, 10 Feb 2014 | 11:44 AM ET

    CNBC's Jane Wells reports how delays in the expansion of the Panama Canal could benefit West Coast ports.

  • Hotel construction challenges at Sochi     Monday, 10 Feb 2014 | 11:21 AM ET

    Ted Knighton, Interstate Hotels & Resorts president & COO, discusses the reality of building in Sochi and provides insight into the challenges hotel operators are facing at the Olympics.

  • The 'next Cabbage Patch'     Friday, 31 Jan 2014 | 7:54 AM ET

    GoldieBlox founder & CEO Debbie Sterling, provides insight on her toy to inspire women and girl engineers. "The Apprentice" Season 1 winner Bill Rancic, and Brad Smith, Intuit president & CEO, discuss the process to picking Sterling.

  • Olympics: Going for the gold, spending in the red Sunday, 10 Nov 2013 | 11:00 AM ET
    Bolshoy Ice Dome and other Sochi Olympic venues under construction in August 2013

    The Olympics in Sochi will surpass $50 billion, making it the most expensive games ever. Some experts say the costs far outweigh the benefits.