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Construction and Engineering

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  • Early Glance: Construction companies Tuesday, 24 Feb 2015 | 11:24 AM ET

    NEW YORK— Shares of some top construction companies are up at 10 a.m.:. Fluor rose$. 06 or. 1 percent, to $59.11. Quanta Services Inc. rose$. 04 or. 1 percent, to $28.80.

  • Early Glance: Homebuilders companies Tuesday, 24 Feb 2015 | 11:24 AM ET

    DR Horton rose$. 33 or 1.2 percent, to $27.47. Hovnanian Enterprises Inc. rose$. 05 or 1.3 percent, to $3.65. Lennar Corp. rose$. 83 or 1.7 percent, to $50.63.

  • Feb 24- Home Depot Inc, the world's No. 1 home improvement chain, posted a better-than-expected rise in quarterly same-store sales on Tuesday but the company warned that a strong dollar will likely hurt 2015 earnings. Chairman and Chief Executive Craig Menear said if the U.S. dollar stays at current levels the company expects a negative impact of $1 billion to...

  • Feb 24- Home Depot Inc, the world's No.1 home improvement chain, reported a better-than-expected rise in quarterly same-store sales said it would buy back $18 billion of its shares. The company's $18 billion share buyback replaces a $17 billion buyback authorized in 2013.. U.S. homebuilders remain upbeat about market conditions, according to a survey by the...

  • Home Depot 4Q tops Street on holiday; OKs $18B buyback Tuesday, 24 Feb 2015 | 6:24 AM ET

    NEW YORK— Shoppers liked what they saw at Home Depot during the holidays, helping the home improvement chain beat Wall Street expectations for its fourth-quarter results. The Atlanta- based company posted a fourth-quarter profit of $1.38 billion, or $1.05 per share, for the period ended Feb. 1. Excluding a gain related to the sale of a portion of HD Supply, its profit...

  • Feb 24- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a higher-than-expected quarterly profit and raised the low end of its full-year home delivery forecast as housing demand strengthened. The company said it now expects to deliver 5,200 to 6,000 homes in 2015 at an average price of $725,000- $760,000. It had earlier forecast deliveries of...

  • Feb 24- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a 78 percent jump in quarterly profit as it sold more homes at higher prices. The company's net income rose to $81.3 million, or 44 cents per share, in the first quarter ended Jan. 31, from $45.6 million, or 25 cents per share, a year earlier. Total revenue rose 33 percent to $853.5 million.

  • Final Glance: Homebuilders companies Monday, 23 Feb 2015 | 6:04 PM ET

    DR Horton fell$. 18 or. 7 percent, to $27.14. Hovnanian Enterprises Inc. fell$. 05 or 1.4 percent, to $3.60. Lennar Corp. fell$. 52 or 1.0 percent, to $49.80.

  • Final Glance: Construction companies Monday, 23 Feb 2015 | 6:04 PM ET

    NEW YORK— Shares of some top construction companies were down at the close of trading:. Fluor fell$. 28 or. 5 percent, to $59.05. Quanta Services Inc. fell$. 75 or 2.5 percent, to $28.76.

  • How the Dow Jones industrial average fared on Monday Monday, 23 Feb 2015 | 4:46 PM ET

    U.S. stocks edged mostly lower on Monday, pulling the market back from an all-time high reached last week. Energy stocks were among the biggest decliners as the price of oil fell. Disappointing home sales data pushed most homebuilder stocks lower.

  • Midday Glance: Homebuilders companies Monday, 23 Feb 2015 | 1:20 PM ET

    DR Horton fell$. 24 or. 9 percent, to $27.08. Hovnanian Enterprises Inc. fell$. 09 or 2.5 percent, to $3.56. Pulte Homes Inc. fell$. 24 or 1.1 percent, to $22.51.

  • Midday Glance: Construction companies Monday, 23 Feb 2015 | 1:20 PM ET

    NEW YORK— Shares of some top construction companies are down at 1 p.m.:. Fluor fell$. 73 or 1.2 percent, to $58.60. Quanta Services Inc. fell$. 69 or 2.3 percent, to $28.82.

  • WASHINGTON, Feb 23- U.S. home resales fell sharply to their lowest level in nine months in January amid a shortage of properties on the market, a setback that could temper expectations for an acceleration in housing activity this year. The National Association of Realtors said on Monday existing home sales declined 4.9 percent to an annual rate of 4.82 million...

  • Early Glance: Homebuilders companies Monday, 23 Feb 2015 | 10:40 AM ET

    DR Horton fell$. 50 or 1.8 percent, to $26.82. Hovnanian Enterprises Inc. fell$. 13 or 3.6 percent, to $3.52. Lennar Corp. fell$. 95 or 1.9 percent, to $49.37.

  • Early Glance: Construction companies Monday, 23 Feb 2015 | 10:40 AM ET

    NEW YORK— Shares of some top construction companies are down at 10 a.m.:. Fluor fell$. 98 or 1.7 percent, to $58.35. Quanta Services Inc. fell$. 43 or 1.5 percent, to $29.08.

  • US home sales plunge 4.9 percent in January Monday, 23 Feb 2015 | 10:01 AM ET

    WASHINGTON— U.S. home sales struck a snow drift in January, plunging to the slowest pace in nine months. The National Association of Realtors said Monday that sales of existing homes tumbled 4.9 percent last month to a seasonally adjusted annual rate of 4.82 million. "The weather hit is nothing like the scale of the damage seen last winter, but we would not now be...

  • COLUMBIA, S.C.— A special inspection is underway after damage to a nuclear reactor under construction in South Carolina, federal regulators said Monday. In a news release, the U.S. Nuclear Regulatory Commission said its representatives are launching a special inspection this week at the V.C. Summer Nuclear Station near Jenkinsville, about 25 miles northwest of...

  • Ahead of the Bell: US home sales Monday, 23 Feb 2015 | 7:04 AM ET

    WASHINGTON— The National Association of Realtors reports on January sales of existing homes Monday at 10 a.m. Eastern. SALES DIP: Economists forecast that sales fell a slight 0.8 percent to a seasonally adjusted annual rate of 5 million homes, according to a survey by data firm FactSet. Housing starts slid 2 percent in January according to a report from the...

  • RIO DE JANEIRO, Feb 20- Brazil's state-run oil company Petroleo Brasileiro SA plans to complete repairs to a broken catalytic cracking unit at its REDUC refinery by March 7, the union representing workers at the plant said in a statement on Friday. Until the recent decline in world oil and fuel prices, Petrobras was forced by Brazil's government to sell imported...

  • Final Glance: Construction companies Friday, 20 Feb 2015 | 6:00 PM ET

    NEW YORK— Shares of some top construction companies were down at the close of trading:. Fluor fell$. 11 or. 2 percent, to $59.33. Quanta Services Inc. fell$. 10 or. 3 percent, to $29.51.