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Construction and Engineering

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  • WASHINGTON, June 16- U.S. housing starts fell in May after a hefty increase the prior month, but a surge in permits for future construction to a near eight-year high pointed to underlying strength in housing. It has kept its short-term lending rate near zero since December 2008. Groundbreaking dropped 11.1 percent to a seasonally adjusted annual pace of 1.04...

  • WASHINGTON, June 16- U.S. housing starts fell in May after a hefty increase the prior month, but a surge in permits for future construction to a near eight-year high suggested the pullback was temporary and pointed to underlying strength in housing. Groundbreaking dropped 11.1 percent to a seasonally adjusted annual pace of 1.04 mullion units, the Commerce...

  • June 12- TransCanada Corp said on Friday a consortium led by Malaysian national oil company Petronas has decided to proceed with plans to build a terminal in northern British Columbia to export Canadian natural gas to Asia. TransCanada said it plans to start construction this year of the Prince Rupert Gas Transmission line, to connect the Montney field near...

  • June 11- Apple Inc will no longer be working with lead construction firms DPR Construction Inc and Skanska USA on its new "Spaceship" campus, the Silicon Valley Business Journal reported on Tuesday. Apple and Skanska were "unable to come to an agreement during negotiations for the revised scope of work," the construction company's chief, Richard Cavallaro, wrote in...

  • June 11- Apple Inc will no longer be working with lead construction firms DPR Construction Inc and Skanska USA on its new "Spaceship" campus, the Silicon Valley Business Journal reported on Tuesday. Apple and Skanska were "unable to come to an agreement during negotiations for the revised scope of work," the construction company's chief, Richard Cavallaro, wrote in...

  • *Graph on Israel's housing prices: http://link.reuters.com/wek34w. JERUSALEM, June 11- After huge success in slashing mobile phone rates, new Israeli Finance Minister Moshe Kahlon hopes to do the same with sky-high housing costs with reforms aimed at increasing supply and cooling demand by raising taxes on investment homes. The soaring cost of owning a home--...

  • ATHENS, June 10- When construction of four 6.5 billion euro toll roads across Greece resumed last year, Greek and foreign businesses rejoiced. The motorways, largely funded by the European Union and built by companies including Germany's Hochtief, France's Vinci and Greek firms Ellaktor and GEK Terna, had been halted in 2010. Last year, work resumed after the...

  • OTTAWA, June 8- Canadian housing starts jumped to the highest level in nearly a year in May, data on Monday showed, an unexpected move that signaled the country's housing boom still has life and that the economy may strengthen in the second quarter. Canada's economy contracted in the first quarter, hit by cheaper prices for oil, a major Canadian export, but the Bank of...

  • SAO PAULO, June 5- A Brazilian court is expected to approve a debtor-in-possession loan to engineering firm OAS SA, which has filed for bankruptcy protection, as early as next week, two sources with knowledge of the deal said on Friday. The judge overseeing the bankruptcy process could free up the so-called DIP loan of 800 million reais after court-appointed...

  • STOCKHOLM, June 5- Swedish builder Skanska has put plans to acquire U.S. energy-related construction companies on ice due to the unstable oil price, the head of its operations in the United States said. The United States is Skanska's biggest market and the company had said it wanted to buy U.S. builders that specialize in power plants, aiming to capitalize on a...

  • MIT team demonstrates nearly frictionless motion Thursday, 4 Jun 2015 | 2:00 PM ET
    Skating on ice

    Physicists at MIT show it is possible to create objects that can move with almost no friction, and it may be big for nanotechnology.

  • *Areva, EDF to work out details within one month. Firms to study Areva's viability as nuclear fuel group. PARIS, June 3- The French government said on Wednesday it would recapitalise state-owned nuclear group Areva and approved power utility EDF's plan to take over Areva's nuclear reactor business.

  • Pro: Rate hike in December? Monday, 1 Jun 2015 | 10:02 AM ET
    Pro: Rate hike in December?

    CNBC's Steve Liesman and Mark Luschini, Janney Montgomery Scott, look at recent construction data and forecast action in the stock market.

  • WASHINGTON, June 1- U.S. construction spending surged in April to the highest level in nearly 6-1/ 2 years as outlays increased broadly, pointing to some pockets of strength in the economy. Construction spending jumped 2.2 percent to an annual rate of $1.0 trillion, the highest level since November 2008, the Commerce Department said on Monday.

  • SHANGHAI, June 1- China National Nuclear Power Co Ltd, a unit of one of the country's two state nuclear reactor builders, on Monday said it aims to raise 13.19 billion yuan in potentially the largest China IPO in almost four years. The company intends to issue 3.891 billion shares at 3.39 yuan a piece, and will start taking subscriptions from investors on Tuesday,...

  • BRASILIA, May 30- Three workers died and three were injured in an accident at the construction site of the massive hydroelectric dam Belo Monte in northern Brazil, the builder said on Saturday. The likes of Hollywood director James Cameron and the Inter-American Court on Human Rights have said Belo Monte would displace indigenous people in the Amazon.

  • STOCKHOLM, May 29- Swedish builder Skanska said on Friday its LaGuardia Gateway Partners consortium had been selected as preferred bidder in a $3.6 billion project to build a new terminal at New York's LaGuardia Airport. Skanska said its share of the equity investment would be up to 40 percent, while its share of the construction contract is 70 percent.

  • May 27- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a better-than-expected quarterly profit, helped by a lower tax provision. The market consists of Arizona, California, Colorado, Nevada and Washington. The company's shares fell as much as 3.7 percent to $35.63 on the New York Stock Exchange on Wednesday.

  • SAO PAULO, May 27- Brazil is considering an expanded role for private companies in nuclear power generation, as it looks to meet rising electricity demand and provide backup for a hydro system pushed to its limits, Energy Minister Eduardo Braga said on Wednesday. Braga, who calls nuclear power "a necessity but not a priority," wants up to four new reactors to provide...

  • UPDATE 1-Homebuilder Toll Brothers profit beats estimates Wednesday, 27 May 2015 | 6:46 AM ET

    May 27- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a better-than-expected quarterly profit and raised the low end of its average selling price forecast for the full year as demand strengthens. The company raised the low end of its average selling price range to $730,000 from $725,000. Net income rose to $67.9 million, or 37 cents per share,...