NEW YORK— Shares of some top construction companies are down at 1 p.m.:. Foster Wheeler fell$. 30 or. 9 percent, to $33.10. Quanta Services Inc. fell $1.08 or 3.1 percent, to $33.89.» Read More
SHANGHAI, July 23- China's Huatong Road& Bridge Group Co Ltd managed to avoid a landmark bond default at the last minute on Wednesday, raising enough funds to pay off both principal and interest on a 400 million yuan bond due by the end of the day, sources directly involved in the issue told Reuters.
DR Horton rose$. 46 or 1.9 percent, to $24.30. Hovnanian Enterprises Inc. rose$. 16 or 3.6 percent, to $4.59. Lennar Corp. rose$. 52 or 1.3 percent, to $39.86.
Fluor rose$. 58 or. 8 percent, to $77.40. Foster Wheeler rose$. 26 or. 8 percent, to $34.15. Quanta Services Inc. rose$. 36 or 1.0 percent, to $35.54.
DR Horton rose$. 43 or 1.8 percent, to $24.27. Hovnanian Enterprises Inc. rose$. 16 or 3.5 percent, to $4.59. Lennar Corp. rose$. 38 or 1.0 percent, to $39.72.
NEW YORK— Shares of some top construction companies are up at 1 p.m.:. Foster Wheeler rose$. 29 or. 9 percent, to $34.18. Quanta Services Inc. rose$. 40 or 1.1 percent, to $35.58.
WASHINGTON, July 22- U.S. home resales hit an eight month-high in June, suggesting the housing market was gradually regaining momentum and would help the economy to stay on a higher growth path this year.
DR Horton rose$. 50 or 2.1 percent, to $24.34. Hovnanian Enterprises Inc. rose$. 10 or 2.1 percent, to $4.53. Lennar Corp. rose$. 65 or 1.7 percent, to $39.99.
NEW YORK— Shares of some top construction companies are up at 10 a.m.:. Foster Wheeler rose$. 18 or. 5 percent, to $34.07. Quanta Services Inc. rose$. 32 or. 9 percent, to $35.50.
WASHINGTON, July 22- U.S. home resales rose in June to their fastest pace in eight months, a signal that the housing market was pulling out of a slump. The National Association of Realtors said on Tuesday existing home sales increased 2.6 percent to an annual rate of 5.04 million units. "Things are flying pretty fast," said Lawrence Yun, the NAR's chief economist.
ATLANTA— U.S. nuclear regulators may need to shuffle staff as fewer nuclear plants are built and financial pressures prompt utilities to shutter existing plants, U.S. Nuclear Regulatory Commission Chair Allison Macfarlane said Monday. Three nuclear plants are under construction in Georgia, South Carolina and Tennessee.
TOLEDO, Ohio— There's enough sand, soil and mud scooped out of Toledo's and Cleveland's harbors each year to fill the Indians' ballpark to the top of its upper deck. All the silt dredged to keep open the shipping channel in Toledo is dumped into Lake Erie while the sediment from Cleveland goes into disposal facilities that are filling up fast.
SALT LAKE CITY— Salt Lake City travelers in the next decade will catch expansive views of the Wasatch range, move faster through security and have more shops to choose from once crews finish work on a $1.8 billion airport, officials said Friday.
SHANGHAI, July 18- A Chinese construction company at risk of declaring a landmark bond default on nearly $65 million is getting local political support to hold off creditors and get cash, state media reported on Friday, citing sources at the struggling firm.
WASHINGTON, July 17- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to sustained momentum in the economy even as home building fell for a second straight month in June.
LONDON, July 17- Copper prices fell to their lowest in two weeks on Thursday amid growing concern over the outlook for metal demand from the property sector after a Chinese builder warned of a possible bond default.
WASHINGTON, July 17- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market recovery was gaining traction. "This part of economy is going in the wrong direction while the rest of the economy is picking up," said Anthony Karydakis, chief economic strategist at Miller Tabak in New York.
WASHINGTON, July 17- U.S. housing starts and building permits unexpectedly fell in June, suggesting the housing market recovery was struggling to get back on track after stalling in late 2013.. Groundbreaking declined 9.3 percent to a seasonally adjusted annual 893,000 million unit-pace, the lowest since September, the Commerce Department said on Thursday.
LONDON, July 17- Copper prices dropped to their lowest level in two weeks on Thursday due to intensifying concerns about the outlook for metal demand from the property sector after a Chinese builder warned of a possible bond default.
SYDNEY, July 17- Shanghai copper fell to its lowest in a fortnight on Thursday as jitters over a possible bond default in China's construction sector triggered a round of profit taking. *The most-traded September copper contract on the Shanghai Futures Exchange slid 1 percent to 50,050 yuan a tonne in overnight trade.
SHANGHAI, July 16- A Chinese builder has warned its investors it may not be able to repay a $65 million debt due next week, possibly becoming the first borrower to default in the country's largest bond market and highlighting concerns over the construction sector.