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Construction and Engineering

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  • Business events scheduled for the coming week Thursday, 14 May 2015 | 1:48 PM ET

    WASHINGTON— National Association of Home Builders releases housing market index for May, 10 a.m.. WASHINGTON— Commerce Department releases housing starts for April, 8:30 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; National Association of Realtors releases existing home sales for April, 10 a.m.; Freddie Mac, the mortgage...

  • NEW YORK, May 14- Even as the rise of online retailers such as Amazon.com Inc leads analysts to predict the eventual death of the American shopping mall, real estate fund managers are betting some will prosper- if they can lure the right kind of consumer. Simon Property Group Inc, the largest high-end mall operator in the country with properties including Palo Alto,...

  • ATLANTA— Regulators say there's a "high probability" a nuclear plant under construction in Georgia will be delayed even longer than the three years already announced by its owners, according to an analysis obtained by The Associated Press. Southern Co. subsidiary Georgia Power and its co-owners are building two more nuclear reactors at Plant Vogtle in...

  • DUBAI, May 10- Residential apartments at Saudi Arabia's Kingdom Tower, which is slated to become the world's tallest building on completion in 2018, will likely go on sale later this year, the developer's chief executive told Reuters on Sunday. The tower in Saudi Arabia's second biggest city Jeddah has the backing of billionaire Prince Alwaleed bin Talal, whose...

  • *Takata sees 7 bln yen for recall related costs in FY 2015. *Takata: External investigation into air bags continuing. TOKYO, May 8- Japan's Takata Corp said it expects to return to profit this financial year on higher Asian and U.S. sales, but the troubled company made few provisions for possible costs related to a massive global recall of its exploding air bags.

  • SAO PAULO, May 7- German engineering firm Bilfinger has become the first international company to disclose to Brazil that it may have paid bribes as it seeks leniency under a new anti-corruption law, Comptroller General Valdir Simão said on Thursday. By reporting potential graft to the comptroller, known by the acronym CGU, Bilfinger hopes to continue...

  • Promoting construction safety   Tuesday, 5 May 2015 | 1:47 PM ET
    Promoting construction safety

    Charles Bacon, Limbach Facility CEO, shares his passion for construction worker safety across the U.S.

  • May 1- The U.S. Nuclear Regulatory Commission said on Thursday it will issue a license soon to DTE Energy Co to build a new reactor at its Fermi nuclear power plant in Michigan. DTE proposed a 1,600- megawatt Economic Simplified Boiling Water Reactor built by General Electric Co and Hitachi Ltd. The license would be the first for an ESBWR reactor.

  • WASHINGTON, May 1- U.S. construction spending fell in March to a six-month low as outlays on private residential construction spending declined sharply, which could add to concerns about the economy's ability to rebound strongly from the first-quarter's soft patch. Construction spending slipped 0.6 percent to an annual rate of $966.6 billion, the lowest...

  • WASHINGTON, April 28- U.S. homeownership slipped to a 25- year low in the first quarter, but sustained strong gains in the pace at which Americans are setting up homes supported the view that the housing sector will boost economic growth this year. The seasonally adjusted home ownership rate dipped to 63.8 percent, the lowest since the fourth quarter of 1989, the...

  • *Cap Gemini to buy U.S.-based IGATE for $4 bln. *Cap Gemini shares up 7.5 pct, IGATE shares rise to offer price. PARIS, April 27- French IT services company Cap Gemini plans to buy U.S.-based rival IGATE Corp for $4 billion, in a deal that makes North America its biggest market and hands IGATE's founders a $1 billion windfall.

  • PARIS, April 27- Cap Gemini plans to buy United States- based IGATE Corp for $4 billion cash to make North America its biggest market and is raising its sales outlook for 2015 after a solid first-quarter, the French IT services company said on Monday. Cap Gemini, the market capitalisation of which was about 13 billion euros at the close of business on Friday, said it...

  • U.S. new home sales tumble after months of strong gains Thursday, 23 Apr 2015 | 10:00 AM ET

    WASHINGTON, April 23- New U.S. single-family home sales in March recorded their biggest drop in more than 1-1/ 2 years, snapping three straight months of hefty gains, in a temporary setback for the housing market. The Commerce Department said on Thursday sales declined 11.4 percent to a seasonally adjusted annual rate of 481,000 units. That was the biggest percent...

  • WASHINGTON, April 22- U.S. home resales surged to their highest level in 18 months in March as more homes came on the market, a sign of strength in housing ahead of the spring selling season. The fairly upbeat report from the National Association of Realtors on Wednesday implied the economy was regaining some momentum after hitting a speed bump at the start of the...

  • April 22- D.R. Horton Inc, the largest U.S. homebuilder, reported its slowest growth in average selling prices in over three years and the company forecast a drop in gross margins for the current quarter as it sells more lower-priced homes. D.R. Horton said sales in its lower-margin' Express' homes business, which caters mainly to first-time home buyers, are expected...

  • April 22- D.R. Horton Inc, the largest U.S. homebuilder, reported a 30 percent jump in orders as the spring selling season got off to a strong start. "The spring selling season at D.R. Horton is off to a strong start... The company's net income rose to $147.9 million, or 40 cents per share, in the quarter ended March 31, from $131 million, or 38 cents per share, a year earlier.

  • April 22- D.R. Horton Inc, the largest U.S. homebuilder, reported a 38 percent rise in quarterly revenue and a 30 percent jump in orders as the spring selling season got off to a strong start. Homebuilding revenue rose to $2.32 billion from $1.68 billion as homes sold rose 33 percent to 8,243.. The company's net income rose to $147.9 million, or 40 cents per share, in the...

  • LONDON, April 21- As Britain heads to national elections in May, high prices have reshaped the housing market, doubling the proportion of people who rent privately and dissuading many young people from saving for a home. Prime Minister David Cameron's Conservative Party plans to expand a "Right to Buy" programme, first introduced by Margaret Thatcher in 1980, to...

  • Mexico is desperate to get the relationship back on track after its shock scrapping of a multi-billion-dollar high-speed train contract originally awarded to a Chinese-led consortium earlier this year, a move that angered Beijing. Seeking to wean itself off dependence on the United States and compensate for an oil slump that hammered public finances,...

  • ITABORAÍ, Brazil, April 20- For the 20 men hanging on at the Pousada do Trabalhador, a 600- bed boarding house on the dusty outskirts of this boom town northeast of Rio de Janeiro, the dream that Brazil's oil wealth would bring a better life was over. The men are the latest victims of Brazil's biggest-ever corruption scandal, a multi-billion dollar graft scheme...