Construction and Engineering
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Dec 20- U.S. diversified manufacturer Crane Co said it will buy MEI Conlux Holdings and its Japanese affiliate for about $820 million from Bain Capital and Advantage Partners.
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WASHINGTON, Dec 19- U.S. homebuilding permits touched their highest level in nearly 4-1/ 2 years in November, pointing to strength in the housing market, even though groundbreaking activity dropped.
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*Bangladesh probe alleges bribery, Globe and Mail reports. TORONTO, Dec 19- Bangladeshi authorities have issued a report accusing a senior SNC Lavalin Group Inc executive of corruption, just after he left the engineering company, the Globe and Mail newspaper reported on Wednesday.
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WASHINGTON, Dec 19- U.S. permits for future home construction set their fastest pace in nearly 4-1/ 2 years in November, pointing to underlying strength in the housing market, even as starts dropped after three straight months of strong gains.
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*Home builder sentiment index strongest since April 2006. NEW YORK, Dec 18- U.S. home builder confidence rose its strongest level in more than 6-1/ 2 years in December, reinforcing the view that the housing market is on track for further improvement and will help the U.S. economy.
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NEW YORK, Dec 18- U.S. homebuilder sentiment improved in December to its strongest since April 2006, the National Association of Home Builders said on Tuesday. The NAHB/Wells Fargo Housing Market index rose to 47 this month from a revised 45 in November, the group said in a statement. The index has not been above 50 since April 2006.
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*Former CEO left with C $5.0 million exit package. Dec 13- SNC-Lavalin Group Inc, Canada's biggest engineering company, said it would suspend payments to its former chief executive, saying his arrest on fraud charges suggested it may not have been aware of all the facts when he resigned.
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*Former CEO left with C $5.0 million exit package. Dec 13- SNC-Lavalin Group Inc, Canada's biggest engineering company, said on Thursday it will suspend payments to its former chief executive, saying Pierre Duhaime's arrest last month on fraud charges suggested it may not have been aware of all the facts when he resigned.
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Polls show the election is likely to return to power the long-dominant Liberal Democratic Party, which has promised to boost public works and talks of spending 200 trillion yen on projects over the next decade.
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NAGANOHARA, Japan, Dec 12- A big winner from Japan's Dec. 16 national elections may be the country's construction industry and towns such as Naganohara, where a sprawling dam development sits unfinished after more than four decades.
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CNBC's Diana Olick takes a look at how the housing recovery could be derailed by a fall off the "fiscal cliff," with Richard Mack, Area Property Partners, and Barry Habib, Residential Finance Corp.
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Stephen Ross,The Related Companies chairman, discusses breaking ground on New York City's largest privately-funded building project.
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BRASILIA, Dec 4- Brazil's government on Tuesday extended tax breaks to the country's construction industry in a new effort to encourage investment and boost flagging growth in the world's sixth-largest economy.
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*Enel to get 613 mln euros plus interest for prepaid expenses. MILAN/ PARIS, Dec 4- French power group EDF received a new blow on Tuesday when Italy's biggest utility Enel announced its has pulled out from a project to build a next-generation nuclear reactor in northern France.
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WASHINGTON, Dec 3- U.S. construction spending rose in October by the most in five months, with stronger spending on homes outpacing tepid gains in business and government projects. Construction spending climbed 1.4 percent to an annual rate of $872.1 billion, the highest level in over three years, the Commerce Department said on Monday.
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Read ahead to see the most expensive U.S. military programs currently under way.
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*New home sales edge down 0.3 percent in October. WASHINGTON, Nov 28- New U.S. single-family home sales fell slightly in October and sales for the prior month were revised sharply lower, casting a faint shadow over one of the brighter spots in the U.S. economy.
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*New home sales edge down 0.3 percent in October. WASHINGTON, Nov 28- New U.S. single-family home sales fell slightly in October and the prior month's pace of sales was revised sharply lower, casting a faint shadow over one of the brighter spots in the U.S. economy.
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*New home sales edge down 0.3 percent in October. WASHINGTON, Nov 28- New U.S. single-family home sales fell slightly in October and the prior month's pace of sales was revised sharply lower, casting a faint shadow over one of the brighter spots in the U.S. economy.
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NEW YORK, Nov 27- Macerich Co isn't usually in the business of hosting religious processions in its mall parking lots.