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Construction and Engineering

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  • The Ryland Group Inc and Standard Pacific Corp merger announced earlier this week- the first big deal since PulteGroup Inc's buyout of Centex in 2009- is a sign of things to come. Mid-cap builders that went public recently such as Tri Pointe Homes Inc, Taylor Morrison Home Corp and William Lyon Homes are expected to be more active dealmakers than their larger...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, local media said, pulling the most high-profile executive into the corruption investigation at state-run oil firm Petrobras. Odebrecht, which has 200,000 workers and a presence in 21 countries,...

  • FRANKFURT, June 18- German engineering services firm Bilfinger plans to sell the power-plant unit blamed for six profit warnings as a first step in what could be a more drastic restructuring, its chief executive said two weeks after taking over. Bilfinger, which in its heyday built the Sydney Opera House and the Munich Olympic Stadium, has lost two-thirds of its...

  • WASHINGTON, June 16- U.S. permits for future home construction surged to a near eight-year high in May, suggesting a building up of momentum in housing and the broader economy after a dismal performance at the start of the year. It has kept its short-term lending rate near zero since December 2008. "Residential construction has been the laggard in this recovery and...

  • 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.