Fluor fell $1.25 or 1.9 percent, to $63.68. Foster Wheeler fell$. 49 or 2.1 percent, to $22.74. Quanta Services Inc. fell$. 44 or 1.5 percent, to $28.86.» Read More
NEW YORK-- Shares of Dycom Industries Inc. rose to a 14- month high Wednesday after the telecommunications contractor posted better-than-expected results for its fiscal third-quarter and issued a strong guidance for the current period.
China Construction America has been investing in the US for 28 years. CCA's CEO says they still have to overcome distrust as it is majority-owned by the Chinese government.
NEW YORK-- Homebuilders' shares are getting a lift Wednesday following Toll Brothers' strong second-quarter performance and a healthy housing report. Earlier in the day, Toll Brothers Inc. reported quarterly earnings of 14 cents per share on revenue of $516 million.
DR Horton rose$. 57 or 2.2 percent, to $26.88. Hovnanian Enterprises Inc. rose$. 20 or 3.4 percent, to $6.04. Lennar Corp. rose$. 97 or 2.3 percent, to $43.44.
NEW YORK-- Shares of some top construction companies are mixed at 10 a.m.:. Foster Wheeler fell$. 20 or. 9 percent, to $23.10. Quanta Services Inc. rose$. 12 or. 4 percent, to $30.18.
May 22- Luxury homebuilder Toll Brothers Inc reported stronger-than-expected results on higher average selling prices and booked its highest quarterly orders in seven years, sending its shares up 7 percent.
Chinese IVC's bought the vitamin for $63.4 million in 2010. IVC products are in Walmart, Walgreens and RiteAid, but the goal is much bigger: selling to the Chinese consumer.
HORSHAM, Pa.-- Toll Brothers' second-quarter earnings jumped 46 percent as a rebounding economy and low interest rates drove sales at the luxury home builder. The Horsham, Pa., company said the average price of homes delivered climbed 3.6 percent in the quarter to $577,000 compared with last year.
May 22- Toll Brothers Inc posted a 46 percent rise in quarterly profit as the largest U.S. luxury homebuilder sold more homes at higher prices, indicating that the housing recovery is spreading across the industry.
Despite all the negative headlines, Chinese investment in the US hit an all-time record in 2012: $6.5 billion. It will likely surpass that level in 2013.
DR Horton fell$. 43 or 1.6 percent, to $26.31. Hovnanian Enterprises Inc. fell$. 18 or 3.0 percent, to $5.84. Lennar Corp. fell$. 75 or 1.7 percent, to $42.47.
Fluor fell$. 29 or. 4 percent, to $65.99. Foster Wheeler fell$. 23 or 1.0 percent, to $23.30. Quanta Services Inc. fell$. 23 or. 8 percent, to $30.06.
DR Horton fell$. 33 or 1.2 percent, to $26.41. Hovnanian Enterprises Inc. fell$. 12 or 2.0 percent, to $5.90. Lennar Corp. fell$. 78 or 1.8 percent, to $42.44.
NEW YORK-- Shares of some top construction companies are down at 1 p.m.:. Foster Wheeler fell$. 09 or. 4 percent, to $23.44. Quanta Services Inc. fell$. 02 or. 1 percent, to $30.27.
OSHA found it violated the whistleblower protections of the Energy Reorganization Act, OSHA said Monday. "Professionals who work in the nuclear power industry have a right and responsibility to express their professional opinion and report safety-related concerns," OSHA acting regional administrator Marcia Drumm said in a news release. "
NEW YORK-- Shares of some top construction companies are down at 10 a.m.:. Foster Wheeler fell$. 11 or. 4 percent, to $23.43. Quanta Services Inc. fell$. 13 or. 4 percent, to $30.16.
DR Horton fell$. 31 or 1.2 percent, to $26.43. Hovnanian Enterprises Inc. fell$. 08 or 1.3 percent, to $5.94. Lennar Corp. fell$. 89 or 2.1 percent, to $42.33.
*Liaising with UAE authorities, seeking quick resolution. DUBAI, May 21- Arabtec, Dubai's largest construction firm, said on Tuesday the delivery of projects was unaffected by what it called a partial labour stoppage, adding it was working with authorities in the United Arab Emirates to resolve the issue.
MELBOURNE, May 21- A spate of profit warnings from Australian mining services firms suggests the country's "once-in-a-century" resources spending boom may have peaked sooner than companies, economists and policymakers had expected.
Fluor rose $1.71 or 2.6 percent, to $66.28. Foster Wheeler rose $1.93 or 8.9 percent, to $23.53. Quanta Services Inc. rose$. 09 or. 3 percent, to $30.29.